Fortress Repurchases 60.6 Million Class A Shares from Strategic Partner
Companies Reaffirm Long-Standing Business Relationship
NEW YORK -- February 13, 2014
Fortress Investment Group LLC (“Fortress”) and Nomura Holdings, Inc.
(“Nomura”) today announced that Fortress has repurchased Nomura's 12 percent
ownership stake for $363.4 million, or $6.00 per share. In conjunction with
the transaction, the companies have recommitted to a strategic and mutually
beneficial business relationship that has supported Fortress’s significant
expansion in Asia since 2006.
“Nomura's early investment in Fortress and the expertise they have provided as
a strategic partner have contributed significantly to the growth and evolution
of our company,” said Fortress Co-Chairman and Co-Founder Wes Edens. “We are
very pleased to announce a transaction that provides compelling benefits to
both Fortress shareholders and to the corporate objectives of a valued
David Findlay, President and CEO of Nomura Holding America Inc., said: “Nomura
values the great relationship and partnership that we always had with Fortress
as one of its principal investors. We’re looking forward to continuing our
relationship with Fortress, and are excited about the opportunity to
contribute in an investment banking role to Fortress’s future success.”
Fortress Investment Group LLC is a leading, highly diversified global
investment firm with approximately $58 billion in assets under management as
of September 30, 2013. Founded in 1998, Fortress manages assets on behalf of
over 1,500 institutional clients and private investors worldwide across a
range of private equity, credit, liquid hedge funds and traditional asset
management strategies. Fortress is publicly traded on the New York Stock
Exchange (NYSE:FIG). For additional information, please visit
Nomura is an Asia-based financial services group with an integrated global
network spanning over 30 countries. By connecting markets East & West, Nomura
services the needs of individuals, institutions, corporates and governments
through its three business divisions: Retail, Asset Management, and Wholesale
(Global Markets and Investment Banking). Founded in 1925, the firm is built on
a tradition of disciplined entrepreneurship, serving clients with creative
solutions and considered thought leadership. For further information about
Nomura, visit www.nomura.com.
Fortress Investment Group LLC
Gordon E. Runté, +1-212-798-6082
Nomura Holding America Inc.
Jonathan Hodgkinson, +1-212-667-1484
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