Shearman & Sterling is advising Mubadala Investment Company PJSC in its acquisition, through Mubadala Capital, its wholly owned asset management subsidiary, with members of Fortress management, of SoftBank Group Corp’s 90.01% equity interest in Fortress, which SoftBank acquired in 2017.

The press release of the transaction was announced on May 22, 2023. 

Fortress Investment Group, a leading diversified global investment manager, manages $45.8 billion of assets (as of December 31, 2022) on behalf of over 1,900 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 asset management subsidiary of Mubadala Investment Company, a leading global sovereign investor headquartered in Abu Dhabi. In addition to managing its own balance sheet investments, Mubadala Capital manages c. $20 billion in aggregate across its own balance sheet investments and in third-party capital vehicles on behalf of institutional investors, including four private equity funds, three early-stage venture funds and two funds in Brazil focused on special situations.

SoftBank is a Japanese multinational investment holding company.

The Team