Making Moves: Fortress Investment Group
Fortress Investment Group has been in the business for more than twenty years now. Over the years, it has had its share of ups and downs. Now it is a New York company that is getting itself back on track again. The company is now run by private investors and has made over fifty-three billion dollars in profit last year. It has now taken on a new responsibility by partnering with a new company called Colony. Here is more on the deal and what it means for both companies and their future prospects.
Fortress Investment Group and Colony have come together to help with the assets of Colony. It allows the New York based Fortress Investment Group to represent the company when it comes to its financial interests. Colony has a wide variety of interests in world markets and has a varied portfolio. The reason for the deal is to help Colony with restructuring the debt that it has. that way it can maintain a good image while getting a helping hand from Fortress Investment Group.
Fortress is able to restructure the assets to get the most value that it can for them. Colony is very happy with the deals and knows that it is getting back on track again. This is why businesses help each other so that each of them can be stable in the long-term perspective. Fortress can use the technology it has in order to help Colony get out from under the debt that it has. This is why the deal is a win-win situation for everyone. The New York company gets a challenge and Colony gets a much-needed boost. That is why businesses like these come together. The deal is good on multiple levels and gets things moving in a positive direction for everyone involved.
For details: www.bloomberg.com/profile/company/FIG:US