Forest Investment Group LLC, acquired by Japanese company making history

December 28th 2017, SoftBank Group Corp, the Japanese based international holdings and investment firm finalized a deal to purchase Forest Investment Group LLC. Forest Investment Group LLC made history being the first publicly traded buyout company, when founder and Co-chairman Wes Edens initiated the company’s initial public offering on the 9th of February 2007. Forest Investment Group LLC initial public offering valued the stock shares at $18.5 per share, opened the 1st day of trading at $35 per share. Now Forest Investment Group LLC made history again becoming the very first hedge company delisted from the New York Stock Exchange. The last day of trading for Forest Investment Group LLC, the stock price closed at $7.85 per share. SoftBank Group Corp adds, Forest Investment Group LLC to its already diverse portfolio of subsidiary and investment companies. SoftBank Group Corp is one the largest technology investment firms in the world. SoftBank Group Corp has partnerships with Apple Incorporated and other tech giants as part of their plan for a $97 billion Vision Fund.

SoftBank Group Corp recently announced plans to invest $10 billion in Uber, the ride sharing company. The deal to acquire Forest Investment Group LLC calls for all Class A stocks being valued and cashed at $8.08 per share. Also as part of the merger all financial statement information from Forest Investment Group LLC financial statements will be shown as part of SoftBank Group Corp’s.Forest Investment Group LLC is a diversified finance and international investment firm. Forest Investment Group LLC manages over $36 billion assets. Forest Investment Group LLC represents the financial and investment interests of over 1,700 private sector investors. Founded in 1998, by Wesley Edens, Randy Alan Nardone, and Peter Briger. Forest Investment Group LLC services invenstment management, property and real-estate management, insurance risk, and technology solutions.In 2006, Forest Investment Group LLC bought Canadian ski resort, the largest resort in North America.

That same in 2006 Forest Investment Group LLC, bought RailAmerica Inc. for $16.35 per share. May 2007, Forest Investment Group LLC bought Florida East Cost Industries (FECI). Forest Investment Group LLC portfolio for their private equity portfolio consist of over 15 companies. October 2015, Forest Investment Group LLC acquired yet another company, this time it was Inverness Corners Retail Center.Wes Edens, chairman and founder of Forest Investment Group LLC, said they are pleased with the purchase of Forest Investment Group LLC, by SoftBank Group Corp. SoftBank Group Corp founder Masayoshi Son assured the merger will not affect the day to day functions and responsibilities of Forest Investment Group LLC and their clients can expect the same service and business culture to continue as this is what has made Forest Investment Group LLC, the success it is today. The principals Wesley Edens, Randy Alan Nardone, and Peter Briger all expressed the pleasure with the merger and looking forward to not have to make earning calls. Forest Investment Group LLC will function as a private company based in New York at SoftBank Group Corp headquarters.