A&O Shearman advised Mubadala Investment Company PJSC in the completion of its acquisition, through its wholly owned asset management subsidiary Mubadala Capital, together with members of Fortress management, of SoftBank Group Corps 90.01% equity interest in Fortress, which SoftBank acquired in 2017.
The closing of the transaction occurred on May 14, 2024; the deal was originally announced on May 22, 2023.
With the closing of the transaction, a consortium led by Mubadala Capital now owns an approximately 68% equity interest in Fortress and Fortress management owns the remaining 32% equity interest.
Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $48.0 billion of assets under management as of December 31, 2023, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies.
Mubadala Capital is the wholly owned asset management subsidiary of Mubadala Investment Company, a leading global sovereign investor headquartered in Abu Dhabi, UAE. Mubadala Capital manages c. $22 billion in aggregate across its own balance sheet investments and in third-party capital vehicles on behalf of institutional investors, including four flagship private equity funds, four early-stage venture funds, two funds in Brazil focused on special opportunities and a highly diversified evergreen investment strategy focused on private market opportunities.
The A&O Shearman team that represented Mubadala Capital was led by Mergers & Acquisitions partners Clare O'Brien and Sean Skiffington and associates Luca Marescotti and Sebastian de la Puente, Compensation, Governance & ERISA partners John Cannon and Jai Garg, Tax partners Larry Crouch and Lorenz Haselberger and associate Matt Brown, Funds partners John Adams and Philip Baynes, Financial Institutions Advisory & Financial Regulatory partners Thomas Donegan and Jennifer Morton and associates Natasha Lindon and Taylor Pugliese, Finance partner Michael Steinberg, Litigation partners Paula Anderson and Jeffrey Resetarits, Funds Of Counsel Paul Schreiber and Funds counsel Tom Majewski.