The asset manager behemoth Fortress Investment Group was purchased by SoftBank Group for $3.3 billion recently in a move that shocked the business world. The maneuver is another in a line of bold moves by the Japanese telecommunications company.
The sale of Fortress Investment Group was first conceived by co-Chairman Peter Briger and Rajeev Misra. The latter had previously been employed by Fortress until leaving for SoftBank Group in 2014. Those two former co-workers turned an idea session over a phone call into a multi-billion dollar deal. The pair moved quickly thanks to the equally fast-moving leadership of Masayoshi Son, the billionaire founder of SoftBank.
In the terms of the deal, Fortress Investment Group will be sold for $3.3 billion with Class A stockholders getting $8.08 a share. While the value is much less than the $13.4 billion market value that Fortress once commanded, the shares were still 39% above the value the stock held on the day of the sale. News of the deal caused a jump in the value of the stock, as well. The shares jumped a total of 38% over the next two days.
Fortress Investment Group is largely known for managing private-equity pools and credit funds. The largest recent piece of assets is in Logan Circle Partners, a company which resides in Philadelphia. The company manages over $33 billion. Fortress bought the company in 2010 in an attempt to invest in more common money management strategies.
Founded in 1998 by current Chief Executive Randy Nardone, Fortress Investment Group will continue to be led by its current administrators. In addition to Nardone, Pete Briger and Wes Edens will steer the ship into a new frontier for the company and SoftBank. While SoftBank is a Japanese company, Fortress will continue to operate from New York and will be an independent entity within the SoftBank umbrella. The new owners have the short-term goal of doubling Fortress’s assets. Wesley Edens Is an Investor With an Affinity for the Underdog
Peter Briger is one of the principals of the investment management firm Fortress Investment Group. Briger currently serves and the co Chief Executive Officer and the principal of the firm. He is also one of the three members of the firm’s management committee. Peter has had a very successful career as a financial professional and executive. Briger spent a number of years at Goldman Sachs where he demonstrated his expertise and leadership skills for many years. As well as being a top financial executive, Peter Briger has also been very active in his community. Peter has spent a lot of his time contributing to community related activities in both New York City and San Francisco.
Before starting his career, Peter Briger attended Princeton University. There, he completed a bachelor’s degree and also participated in the university investment club. As a member of Princeton University Investment Club, Peter gained a lot of knowledge about finance and investing. This would help him pursue a career in finance in the future. After graduating from Princeton University, Peter would later attend the University of Pennsylvania. Briger completed a master’s degree in business administration which helped him get employment at top investment firms.
During his career, Peter Briger has spent much of it as an executive. While working at Goldman Sachs, Peter was involved in helping with the firm’s expansion and serving clients in the Asian markets. Briger spent a lot of his time providing management and advisory for the firm during this span. He would manage the investment advisors at the firm and work with clients in Asia to help them take advantage of the services provided by Goldman Sachs. By the end of the 1990’s, Peter became one of the firms’ partners which allowed him to serve an important leadership role.
In 2002, Peter Briger joined another investment firm known as Fortress Investment Group. As soon as he joined the firm, he was a part of the management committee where he would occupy a top leadership position. At Fortress Investment Group, Peter continued to manage investment professionals and provide leadership for the firm. Briger would eventually be appointed as the CEO of the firm and operate at its San Francisco office location.
Coffee culture is a trend that is being recognized long after it has taken root in the United States and become the new norm. Many Americans starts their day with a cup of coffee, something that is claimed to enable a person to start a day with a cutting-edge energy. Well, Organo Gold saw the opportunity in the market and came in to provide coffee lovers premium products that will complement their lifestyles.
Started in 2008, Organo Gold has grown rapidly to become a leading provider of coffees, nutraceuticals, teas and personal care products in the United States. Today, it has over 500 employees working in its branches across 45 countries. It strives to provide coffee products with great taste as well as low prices
Organo Gold distributes its full line of products through its Independent Distributor network. Additionally, its customers gets the products at Coffee Connoisseur Club in the United States as well as Canada. King of Coffee is one of their outstanding products that is designed for instant coffee enthusiasts. The company claims that the ganoderma lucidum in King of Coffee helps to manage cholesterol, apart from its anti-viral properties. Ganoderma lucidum is a type of mushroom and apart from its use in Organo Gold’s coffee products, the company also produces ganoderma supplements and green tea blended with ganoderma.
The company offers the consumers of its products a business opportunity to earn money by distributing its products. Additionally, it offers the opportunity to sign up new distributors in an effort to build a lucrative business.
Since its conception, the company has come a long way and currently, it provides an array of quality products including exotic tea blends and hot chocolate. Organo Gold is committed to impact lives positively through its quality products and a lucrative business opportunity.
The recruitment process is hectic and stressing for most companies. It is a struggle to find the right person for the job. Now, in the finance industry, it is crucial to hire people who fit the job description. This is where GoBuyside comes in to save the day. GoBuyside is a New York-based executive search firm, which offers investment management recruitment solutions. The firm is more specific to the finance and investment industry as opposed to more generalized recruitment agencies.
This is an excellent way to fill up position since the industry-specific recruiters eliminate the many challenges that come with dealing with generalists. GoBuyside ushers a new era in the recruitment scene using technology and job trends to give investment firms best applicants.
As it is, location nowadays might not matter that much since people are working at home depending on the type of job and roles to be full filled. The recruitment firm, therefore, uses the locational flexibility to broaden the search parameters giving firms a wide range of applicants nationwide. However, their screening process is top notch with the use of programs and software to only cut the number down and remain with stellar hires.
GoBuyside firm factors in the new norm, which has financial industries looking for part-time or project-oriented hires. This is particularly tricky, but the executive search firm utilizes online job boards, tracking systems, artificial intelligence, and social media to get applicants for this type of short-term job.
On the applicants’ side, GoBuyside has eliminated the headhunters and given access to various data points aiding applicants to know more about the firms they apply to. The firm brings close firms from all over to applicants facilitating easy connections.
Ultimately, since GoBuyside’s foundation in 2011, it has changed the traditional search model and has created a platform that utilizes the 21si century technology to produce hires for financial sectors without much of a hassle.
It is very seldom to come by a company that is able to grow their brand and keep their humble morals that got them first started. It is very seldom for a company to have over a century of progress. OSI Group is the fundamental example of what any company can amount to. They have come a long way since their founding one hundred years ago. But they still manage to create a very popular product with great quality. Keeping the quality and consistency in their products has caused this company to become a leading brand.
OSI Group got its start as a small butcher shop. The butcher shop was a family ran business. During the early 1900s, many immigrants were flooding to the United States. An immigrant landed in Chicago, Illinois. He was determined and destined to making an honest living in his new country. The butcher shop became a success. Many people traveled from far over to buy his meats.
Throughout the mid 1900s, the family business got handed down to the next generation. This generation had an even greater vision for what they wanted their small family business to become. When McDonald’s needed a meat supplier, to supply their newly built midwestern franchises, they knew they had to try out this meat market. Once this family business began creating the classic McDonald hamburgers, the family ran business was birthed into OSI Group.
OSI Group is now in over one dozen countries with about five dozen facilities. Twenty thousand people are employed by the meat supplier. The company only has plans of future growth. The company has been able to maintain its longevity because the company knows the importance of keeping their customers happy. Their customers consist of chain restaurants, small businesses, retail brands and other needing to supply food. They keep their customers happy with creating products that are tasty and produced with the best ingredients. The company has expanded from being solely a meat producer to offering their customers healthy non-meat options.
Although this brand has accomplished many things, their future is very bright. The meat empire will be spending the next few years making sure they are a sustainable company. They want their company owned facilities to have no harmful effects on the environment. They want their customers to know they take full responsibility for their actions. OSI Group will be the leading sustainable food company.
From a small travel agency founded in 1972 in São Paulo, CVC is today one of the biggest tourism networks in Brazil. The success of the venture is due to the deep experience and impressive business skills of Guilherme Paulus, who founded the company at the age of 24 and managed to turn it into an empire along the years, making it Latin America’s largest travel operator. View Guilherme Paulus profile at Forbes
Guilherme Paulus, born in 1949, founded CVC alongside Carlos Vicente Cerchiari, who later quit, leaving Paulus as the key figure responsible for the growth of the small company. His ability to innovate helped him build the a wide portfolio of products that are now available on the market, products that are more complex than the usual travel packages. In 2009, part of the company was sold to Carlyle Group, which helped CVC reach a new level business-wise. Going public and opening its capital on the stock exchange proved to be fruitful, as the company is constantly expanding and growing its annual revenue.
Despite its massive success, CVC is not the only business venture of Guilherme Paulus. In 2006 he bought the airline Webjet which he turned into the third biggest airline in Brazil, operating in over 20 cities throughout the country, before selling it to the company Gol. Paulus is also founder of GJP Hotels & Resorts, a network which he founded in 2005 and that is currently considered to be one of the largest hotel chains in Brazil. Despite it starting with only one establishment, the company now owns 14 hotels and resorts throughout the country, and has plans to include new units and continue expanding.
Due to his success in the tourism sector, Guilherme Paulus won many awards throughout the years, such as Entrepreneur of the Year or Personality of the Year, from different publications. He has a net worth of $1.1 billion, being currently listed on Forbes billionaires list. He has also been honored by international governments, in 2012 receiving an honor from the French Government, and received recognitions for his services to tourism from countries such as Mexico, Venezuela and the United States.
Adam Milstein has his roots in Israel from parents whose backgrounds were different. His mother, Eva Milstein was a homemaker and was a Mexican migrant in 1949. His father, Hillel was a renowned real estate developer and was also an immigrant of Argentina. He went to Israel at 19 when the country was founded. He has been a very instrumental figure to his son and has always worked towards defending the interests of his children. He has been known for his expertise in the real estate businesses.
Adam Milstein joined the Israel Defense Forces in the year 1973 where he was involved at various war fronts. One is the one in 1973 known as the Yom Kippur War. He completed his mandatory service, and that is when he decided to join the famous Technion, Israel Institute of Technology, and by 1978, he had graduated with a bachelors of science degree in Economics and Business. That was his fist stepping stone to career development and advancement. While at School, he joined his father in the journey towards expanding his real estate business. They worked together for sometimes before Adam Milstein married the love of his life in 1974. In the year 1981, they relocated to the United States of America. He immediately joined the University of Southern California where he enrolled for an MBA. He then graduated in 1983. In Los Angeles, he started working as a real estate sales agent, and that is how he began developing a passion for education. With time he became a great real estate mogul.
Adam Milstein after succeeding education journey has been able to move with speed and professionalism towards promoting his career journey. He has been able to open up several companies that have managed to bring him a lot of income in his career. He has also been known for his great efforts towards ensuring that he helps as many people as possible especially from the Jewish community. He has been proudly carrying thetag of a great philanthropist in his journey and people have been able to respect him a lot. He also chairs several boards all of which are aimed at improving the welfare of their people.
Bernardo Chua is a Filipino entrepreneur who founded the beverage and health product company Organo. Bernardo Chua’s dream was to become a medical doctor. Chua was one of 14 children and began working at the family business at a garment manufacturing plant. Eventually, he struck out on his own and was hired to manage a travel agency. Under his leadership, the travel agency expanded throughout Southeast Asia eventually having enough capital to open up in North America. He was asked to move to Canada to oversee operations. After overseeing operations in Canada for six years he decided to open his own company: Organo that would change his life. Visit SlideShare to know more.
Chua stated in an interview, that despite not becoming a doctor he always had a drive to help people and improve their lives. In 2008 he founded Organo. Organo sells teas, coffees, and other health products that each contain a key ingredient: Ganoderma. Ganoderma is a mushroom that has tremendous benefits for the immune system and thus overall health. Ganoderma, according to the Organo website, has been greatly prized for its health benefits throughout Asia since at least Ming Dynasty times.
Bernardo Chua is a leader in direct selling or multi-marketing. Direct selling is where third-party individuals, nonsalaried workers sell directly to consumers, rather than distribute products to retail stores and warehouses throughout various countries. People who wish to sell Organo sign up and build their own business, with the assistance of others. Chua prefers this business model because of the personal relationship it creates with the customers. he believes you have to love people in order to be successful. Organo operates in over 50 countries which creates a large market for those who wish to become direct sellers. The model of direct selling which Chua has been the leading proponent of, creates many possible streams of income as well, 7 in all according to the Organo website.
Having memories and creating memories is one of the most important aspects of human life. In a life where the next day and the next second is not guaranteed, celebrating an achievement or a milestone life event or just having a nice time, is important just to add flavor in life. However, it is not always easy sailing especially when you want to share the joy with your friends and relatives, because you might not know how to throw a good party.
The hustle and logistics involved in planning a party stresses many people because there is a hub of activities that happen in the background to see to a successful event or party. You can bank on Mina Ebrahimi, proprietor of Saint Germain Catering, to make your event the most colorful, memorable and fun packed ceremony. Mina Ebrahimi has been doing this for the last nineteen years, and she has always exceeded expectations every time she has managed an event. She has a competent team of well-versed individuals and professionals alike, who give their best to ensure an event is the best. One of those parties that invited and uninvited guests alike, don’t want it to end.
Mina Ebrahimi runs her business with a lot of passion and dedication. It is no wonder that her company has achieved success in all the years it has been operational. Mina says that she loves to see people happy and she does all that is possible to this happen. Perhaps it is because she got involved in this line of work from an early age of eleven working in a family bakery called Tiffany’s Bakery. This gave her a strong background, and she would later decide at the age of 26 to start her own venture. Hence, Saint Germain Catering was born in 1999. Her excellent leadership and her loyalty to customers have helped her grow the company into a big event manager. Today she manages private parties, weddings, business luncheons and many more major events.
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Her dedication to high standards of business earned her the 2010 Top 40 Under 40 Award. Additionally, she is the recipient of other awards such as 2014 Enterprising Woman of the Year and the Smart CEO Brava Award which she won in 2012.
Mina has a passion for animals and philanthropy and is involved in a series of charities dedicated to animal welfare. In the same spirit, she founded the Jack-Ebrahimi Program at the University of Pennsylvania which offersInterventional Radiology for Veterinary in the Country.
400,000 readers venture to Banyon Hill Publishing’s website every day. A significant percentage of readers subscribe to premium content in order to learn more. Editor Ted Bauman handles three newsletters including one appropriately dubbed The Bauman Letter. Why do so many people wish to read the material produced by Banyan Hill Publishing?
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