Peter Briger Shares $1.39 billion Cash from Sale of Fortress

Peter Briger Co-Chief Executive Officer of Fortress Investment Group receives his share of $1.39 billion cash windfall from the sale of Fortress to technology conglomerate SoftBank Group Corp. Peter Briger has provided extremely strong leadership and guidance within the Fortress Credit Business that has created tremendous returns on investment for the organization and establishes an opportunity for the large lump sum cash out with the sale to SoftBank. Peter Briger was educated at Princeton University where he received his Bachelors of Arts Degree. After his undergrad at Princeton, he received his Masters of Business Administration from Wharton School of Business at the University of Pennsylvania. Peter Briger joined Goldman Sachs and began to expand his understanding and knowledge of alternative asset classes by serving on various global committees within the investment firm.

Peter Briger served as co-head of groups including the Asian Distressed-Debt Business, the Asian Real Estate Private Equity business, and the Special Operations Asian Fund LLC. He provided high-level leadership and stewardship over various committees within Goldman Sachs Peter Briger and developed a reputation as an intellectually astute evaluator of distressed, underperforming, and illiquid assets. The experience at Goldman Sachs established Co-CEO with Wes Edens and they continue to guide the company admirably by creating profitable investment opportunities for their over 1750 individual and Institutional clients from around the globe. By providing a high level of intellectual analysis and evaluation of distressed underperforming asset groups from around the globe, Peter Briger has been able to produce extremely high returns on investment. Fortress Investment Group currently has more than $30 billion in assets under management and continues to lead the industry as one of the largest alternative asset firms in the world.

In December 2017, Fortress Investment Group was acquired by SoftBank Group Corp for $3.3 billion. SoftBank group Corp is a global technology company that specializes in internet, telecommunications, robotics and various other innovative technologies that are driving the information revolution in the world. After the acquisition of Fortress Investment Group, SoftBank Group Corp became one of the leaders in the alternative asset category. The purchase of Fortress Investment Group was the first of many investments by Softbank Group Corp in the alternative asset investment industry. The purchase positions Softbank Group Corp. with the capital resources to create a organizational structure that will enable the company to continue to build its infrastructure and strategically compete with its many competitors. After the acquisition of Fortress Investment Group, Peter Briger continues to serve as Co-Chief Executive Officer along with Wes Edens. Fortress Investment Group will continue to operate as an independent organization within the Softbank Group Corp umbrella and by continuing to retain the executive and managerial staff. Fortress Investment Group will continue to build upon a legacy of profiting within the alternative asset category to produce extremely lucrative returns on investments for its clients. After the acquisition, Peter Briger received his share of the $1.39 billion dollars in cash that he will split between himself, Wes Edens and Randall Nardone.

The SoftBank Group Inc. now owns Fortress Investment Group.

Soft Bank’s ownership of the Fortress Investment Group

Soft Bank recently announced that the firm had completed the acquisition process for the Fortress Investment Group. The acquisition completed for roughly above three billion dollars. The transaction was done when the principles and shareholders gave their approval. Each of the shareholders will receive a little above 8 billion dollars cash for every share they own. The proceeds of the merger are to be distributed according to Fortress’ outlined payment procedure. Fortress will continue to operate as an independent business under the Soft Bank and still retain its headquarters in New York.

 The Fortress Investment Group

The Fortress Investment Group began operations in 1998 after it launched through the partnership of financial expert Wesley Edens, the businessman Rob Kauffman and lawyer turned financial expert Randal Nardone. With Randal as the interim then officially appointed Chief Executive Officer, Fortress expanded from a small private equity firm to dealing with debt securities, hedge funds and investments in the real estate sector. The companies under Fortress Group include the Ski Resort of Canada which was acquired by Fortress in 2006 and the Rail America Inc. that was purchased at the end of the same year. There is also the Coast Industries of Eastern Florida, the Penn National Gaming company whose acquisition was done in partnership with Center Bridge Partners, AMRESCO, Flager, Box Clever and Global Signal Inc. among many more.

The company was reported to be managing assets worth roughly 70.2 billion dollars by mid-2016. Most of Fortress’s portfolio companies like Brookdale Senior Living Inc. and Rail America were made public in the long run. In preparation for the 2010 winter Olympics, Fortress Investment Group loaned the MDG (Millennium Development Group) a significant portion of the 875 million dollars that was used to develop the athlete’s village. The village completed in 2009 with the help of further donations from the Vancouver City. When the Winter Olympics came to an end, Fortress Investment Group became the official owners of the village. The Soft Bank Group brought the acquisition deal to the table in 2014 and agreed to purchase Fortress for 3.3 billion dollars. The deal was not just tabled and dealt with instantly. The involved parties took their time with important considerations, and in this process,they spent two years mapping out the details of the acquisition until December 2017 when the deal was done.

Shervin Pishevar Talks Competing Zones

Throughout his career, the co-founder of Sherpa Capital and Virgin Hyperloop One, Shervin Pishevar, has made a career of handpicking bonafide upstarts, and many of his contemporaries might consider him to be clairvoyant in this respect. Shervin Pishevar has been an early investor on companies such as Airbnb, Dollar Shave Club, Rapportive, TaskRabbit, and Slack, as well as a litany of other growing corporations. No stranger to social media, Mr. Pishevar often utilizes the medium to forecast his predictions to a mass audience, and recently, after disappearing from the public eye since December of 2017, he returned to Twitter to dispatch 50 posts regarding globalism, the uncertainty surrounding America’s economic situation, entrepreneurship, and changes within the monetary system. Considering his track record, as well as his status as a member of the prestigious J. William Fulbright Foreign Scholarship Board, his opinions are highly respected.

One of the most important tweets that Shervin Pishevar produced was regarding the state of the stock market, which, to this point, has been very shaky, relinquishing much of the gains garnered this year. The University of California, Berkeley alum boldly predicted that the stock market is due to crash, in what he estimates will amount to a 6000 point deficit. This prediction only took one day to begin shaking up the industry, as the Dow Jones promptly fell  by 1000 points, losing 500 of those in under an hour, which made staunch supporters, such as the President of the United States, Donald Trump, seem very much out of the loop. Shervin Pishevar wasted no time calling out the “Cheerleader-in-Chief,” tweeting that “Presidents should not be cheering the stock market,” and immediately began hashtagging the phrase, “TrumpDump.”

Shervin Pishevar would also touch on the subject of global competition regarding the stock market, revealing his view that the United States was losing ground when compared to a number of other major players, particularly China. Describing the changes as a “tectonic shift,” Shervin Pishevar discussed Silicon Valley’s loss of its historical competitive edge, as many of the other zones around the world are now flourishing through their adoption of the American way.

https://www.forbes.com/profile/shervin-pishevar/

Southridge Capital: New Partnership with Elite Data Services Inc.

Southridge Capital, through its CEO Stephen Hicks, has announced its new partnership with Elite Data Services Inc., a Dallas-based tech company. The company’s CEO revealed that an institutional investor for Southridge Capital had offered an equity purchase agreement with Elite Data Services Inc., and Stephen Hicks added that the transaction between the two companies would be beneficial to either party. He also claimed that Southridge Capital would need a company that would help it to grow further, and Elite Data Services Inc. is the one that they have been waiting for a long time. Through the partnership between Southridge Capital and Elite Data Services Inc., many business opportunities would knock on their doors that could improve their services and business performance.

According to Ideamensch, Stephen Hicks has also stated his gratitude towards Elite Data Services Inc. for trusting in them. The Dallas-based tech company is known for their generosity, especially with business partners. Elite Data Services offered several products and services exclusively for the use of Southridge Capital. The tech company stated that it is being offered as a sign of gratitude because of how Southridge Capital decided to offer them several perks and agreements that would help with their planned expansion. Being a tech leader in Texas, Elite Data Services Inc. stated that they would start programming software and application that can be used by Southridge Capital to advertise their products and services. This new partnership is also expected to reach new heights, as the two companies keep on signing new agreements each day.

Established in 1996, Southridge Capital continues to become one of the most sought-after companies when it comes to matters concerning investment capital and other related issues. Stephen Hicks founded the company, and he served as the CEO up until the present day. The company is adept in managing a lot of assets and investments, and they have transformed a lot of portfolios into multi-million dollar ones, thanks to the dedicated of Stephen Hicks to place his company onto new heights. Southridge Capital has also revealed some of their plans for the future, creating a massive business empire that would run from all the corners of the world. Visit the official website at southridge.com.

Read More: https://www.prnewswire.com/news-releases/southridge-capital-enters-into-a-5-million-equity-purchase-agreement-with-elite-data-services-inc-300118746.html

How Michael Lacey and Jim Larkin Doggedly Chronicled the Crimes of Sheriff Joe Arpaio

In August, 2017 President Trump pardoned Sheriff Joe Arpaio, the former sheriff of Maricopa County, Arizona. In October of that year Judge Susan R. Bolton formally validated that pardon. Stemming from a 2007 racial profiling lawsuit for ignoring a federal judge’s order to end ethnic profiling of Latinos for which Arpaio was convicted.

Over the six terms of office that Arpaio served, Michael Lacey and Jim Larkin, former co-owners of Phoenix New Times, covered the sheriff persistently and frequently exposed scandals in which he was involved that included, Arpaio’s infamous tent city that exposed inmates to temperatures of over 135 degrees in the summer. At indoor facilities, prisoners were barbarically beaten and pregnant women were shackled to their beds while giving birth.

There were an unknown number of wrongful deaths and inmates hanging themselves in numbers far above other county jails. The sheriff misused his authority to investigate, slander and prosecute rivals and critics including Michael Lacey and Jim Larkin.

In October 2007, Arpaio had the two arrested under the cover of darkness after receiving an unconstitutional and overbroad subpoena and writing an article about it for the Phoenix New Times.

The arrests brought down a tsunami of outrage across the country and forced the county attorney to declare that the arrests were improper and the case was closed in less than 24 hours.

Larkin and Lacey sued and in 2013 the board of supervisors voted to pay them a $3.75 million settlement. With that money Lacey and Larkin have formed the Lacey and Larkin Frontera Fund.

The fund works to give to non-profits that support the rights of Latinos and Hispanics who have experienced prejudice at the hands of law enforcement and other public officials.

Also in 2013, the class action Melendres v. Arpaio alleging widespread racial profiling ordered by Arpaio and carried out by his agency, U.S. District Judge G. Murray Snow ruled that in fact the profiling had occurred and ordered a list of reforms.

Jim Larkin is a native of Arizona and dropped out of Arizona State University 1972 when he teamed up with Michael Lacey to publish Phoenix New Times in response to the ultra conservative slant of the local news media coverage of the student antiwar protests. Learn more about Jim Lacey and Michael Lacey: http://james-larkin.com/about/ and http://www.bizjournals.com/phoenix/potmsearch/detail/submission/6427427/Jim_Larkin

Michael Lacey grew up in Newark, New Jersey and moved out west to attend Arizona State University in the late 1960s. By 1970, Lacey dropped out and they published the inaugural issue of Phoenix New Times with Lacey as executive editor and Larkin as the head of advertising.

Ultimately, they owned a conglomerate of 17 like-minded papers all over the country, including the Village Voice in New York City.

At the end of 2012, Village Voice Media executives bought the papers after the chain had reached nearly 9 million readers a month and 56 million online and had earned a Pulitzer Price.

Read more: Jim Larkin | LinkedIn and Michael Lacey | Twitter

Jim Larkin And Michael Lacey Say President Trump’s Move To Pardon Arpaio Is Completely Wrong

Former Maricopa County Sheriff Joe Arpaio came under scrutiny many times while he held office for conducting activities under that office that many deemed controversial and some even illegal. Some of his most polarizing stances were on how he conducted border security and at times was thought to be targeting Mexicans and other Latinos in the Phoenix area.

But he was also famous for endorsing President Trump back when he was in the early stages of his candidacy, and after Trump was elected Arpaio received a pardon from him.

Arpaio had been involved in several legal disputes, and after ignoring a restraining order given to him by a federal judge, many people had hoped to see him jailed including two of his staunchest critics Jim Larkin and Michael Lacey. Learn more about Jim Larkin and Michael Lacey: http://www.laceyandlarkinfronterafund.org/about-lacey-larkin-frontera-fund/michael-lacey/ and https://www.facebook.com/jimlarkin53

When Trump pardoned Arpaio, Larkin and Lacey immediately expressed their displeasure with that decision and proclaimed that the justice system was failing.

Jim Larkin and Michael Lacey’s story is about how they’ve used journalism and activism in the Arizona area and even on a national scale. The two men actually began this activism back when they were students at Arizona State University in the 1970s.

They wrote about how the Vietnam War protesters at that time were being misrepresented and their campus newspaper sought to get stories going on at the scene out. They eventually dropped out of school because their newspaper was picking up readers and they saw a chance to make a lot of money running their own news organization. Read more: Michael Lacey | Twitter and Michael Lacey | Crunchbase

This was the beginning of the Phoenix New Times and Village Voice Media which would have publications spread out across the US and would cover a variety of issues both political and local events.

Larkin and Lacey’s newspaper had quite a few battles with former Sheriff Arpaio since he first took office in 1992, but they came to a head in 2007 when the two men were arrested by the sheriff. A story in the newspaper published information that while legal, Arpaio wanted silenced about the way his office used funds and what it was doing with immigrant deportations.

But what happened next caused a great outcry in Phoenix because Arpaio’s deputies and plainclothesmen arrived in unmarked vehicles in the middle of the night, arrested Larkin and Lacey and confiscated their property. But because the backlash was so hard against Arpaio, he realized he had to let them go and later the district judge said Arpaio was in the wrong for arresting without probable cause.

Larkin and Lacey decided they needed to take the fight against Arpaio to the next step, and after a long drawn-out legal battle, the courts ruled that Arpaio had to pay the two men $3 million in damages.

Larkin and Lacey didn’t just pocket that money though; they used it to start the Frontera fund which contributes to immigrant activist groups and seeks to lobby for fair immigration laws both in Arizona and federally. Lark and Lacey said this organization is just keeping in line with what their parents taught them about being compassionate to those who are different.

Securus Technologies Coming Out with a New Product for Correctional Facilities

The Securus Technologies has been one of the leaders in the business of tech solutions for inmate communications and civil and criminal justice. Based in Dallas, Texas, the company recently announced a program for preventing drone piloting in order to secure correctional facilities. Drones have been found to carry contraband to prisoners such as cell phones, drugs, weapons, and so on.

The company of Securus Technologies became aware of the issue and immediately set to work on a detection technology to combat this threat. It has taken the corporation 18 months of research, evaluation, and working with partners to develop a powerful system that will detect and neutralize drones. A spokesman of the corporation said that this technology was challenging as it is created based on an emerging new concept which the Securus Technologies has had to develop further. Additionally, the company has had to work with many techs and engineering partners to meet the requirements for engineering, installing, and implementing the drone detection plot program and prepare it for use by correctional facilities.

The drone detection technology makes use of a digital antennae structurer or DAS. That infrastructure is similar to the Wireless Containment System that Securus technologies came out with last year to prevent prisoners from using internet on contraband cell phones and going on social media networks. Securus Technologies has to be alert to any new issues in the security of the correctional sector as those who aim to circumvent the law become more resourceful and find new ways bypass guards, already established security measures, and regulations. The latest issue with drones and contraband delivery is the most recent example of that.

The company of Securus Technologies Inc. has been able to create products and services to combat a number of past issues. The Wireless Containment System of the company was the solution to prisoners streaming on social meaning platforms from last year. The corporation has also been working on preventing inmates from making calls on the contraband cell phones. The Securus technologies has blocked millions such calls, and the system for that is running at all times.

Securus Technologies is currently working with more than 3 500 institutions in the corrections industry. That includes law enforcement, public safety, correctional facilities, and agencies. That makes 1 200 000 inmates in total that Securus Technologies Inc. is helping to contain and serve.

The company is firmly committed to its goal to serve and protect society. The corporation offers a wide variety of services such as communication, incident management, emergency response, public information, biometric analysis, investigation, inmate self-service, government payment services, monitoring products and services, a variety of software and tech solutions, among many others.

 

The Unique Ways of Rocketship’s Education

Rocketship Education is a charter school network that is headquartered in Redwood City, California. They opened their first school in San Jose in 2007. Over the next five years thereafter, the flagship school earned a high reputation among alternative schools for low-income students when they scored as high as those attending in the Palo Alto District. Rocketship opened a school in the Milwaukee, Wisconsin area-their first school outside of the state of California-in 2013. They have since opened two other schools in two other states.

Many Rocketship parents have so highly praised the schools for being high-performing that low-income parents have fought very hard to keep sending their children to them. In May 2015, Rocketship co-founder and CEO, Preston Smith submitted an opinion article to San Jose Inside stating that their schools are working to flip the script for low-income families during the hard economic times. He has been an educator for over 15 years and has stated that he has seen many of his former first graders be the first in their families to attend traditional four-year colleges.

Stanford University CREDO (or Center for Research on Education Outcomes) also did a study which included Rocketship schools. They found that, on average, low-income and ESL (English Second Language) students were gaining over a month of additional learning levels in reading and math for every year that they attended San Jose charter schools.

Another thing that makes Rocketship schools unique is that parents get to know the teachers very well in advance and choose to hire them to teach their children. The cirriculum at Rocketship is blended and catered to the students personally with parental involvement being a core value. Parents also interview the teachers ahead of time and even receive training to do so as panelists. It works both ways because it also weeds out candidates who are not truly ready for a level like Rocketship’s.

How Paul Mampilly Helps His Subscribers Invest Their Money

Paul Mampilly is an investor and author who lives in Durham, North Carolina. Drawing on his vast experience working on Wall Street he writes a publication called Profits Unlimited. The intended market for this publication is middle-income investors who need the help of an expert like he is when figuring out what companies stocks to buy. While serving on Wall Street, Paul Mampilly won the Templeton Foundation investment competition was a strong testament to his ability to find winning stocks. When Paul Mampilly was a hedge fund manager he had invested in Sarepta Therapeutics.

This led to more than a 2000% gain which is when he sold out of this position. In 2008 he bought shares of Netflix. When their shares made substantial gains he sold them. This is the type of information he shares with his subscribers. In each issue of his publications he shares information about a company he has learned through research. He tells them when they should invest and just as importantly when they should sell. Paul Mampilly was just 42 when he walked away from Wall Street. He wanted to spend more time with his family which isn’t really an option for anyone working on Wall Street. He also wanted to share his knowledge of investing with regular people who don’t know how to properly evaluate a company or see where an industry is headed. He started writing for average investors in October 2011. He has written for Common Sense Publishing, Agora Financial, Stansberry Research, and now for Banyan Hill Publishing. He started publishing monthly issues of Profits Unlimited in June 2016.

Prior to this he set up a client demonstration account with $5000 in it. This account was started in January 2016 and it has achieved gains of more than 180% since that time.Paul Mampilly is originally from India. His father had lost his mother when he was just three and his father when he was 20. His dad went to college and had a job but he wasn’t making much. He ended up moving his family, including Paul, to Dubai for work. His father made far more money in Dubai than he ever did in India. His dad was able to pay for him to move to the United States and he paid for Paul’s college education along with his sister. This enabled him to have the success he has had in the financial industry.

Jeremy Goldstein- Man of Law

It’s not every day that you come across an individual that is extremely hard working when it comes to their career. However, when it comes to Jeremy L. Goldstein he is known for being one of the hardest working individuals in all of New York City. Law is a love that he has had since a very young age and still to this day he continues to try and learn as much as he can in the law field. Learn more: http://jlgassociates.com/

 

For the past several years Goldstein has been busy practicing law in none other than New York City. Working there has allowed him to learn a lot more about the law than he ever thought would be possible. After having worked in larger firms for years he had finally felt like it was time to take the next step in his career and started his very own firm. Having his own firm, however, is not Goldstein’s only accomplishment.

 

Goldstein began working towards his career at an early age. He eventually went on to attend the New York University School of Law, where he proudly obtained his J.D. After finishing up law school he then went on to begin practicing at many different larger companies. A few of these companies happens to include banking companies, petroleum and oil companies, several cellular companies and also multiple stockholder companies. Along with all his, all his other amazing achievements Goldstein has also proudly written for multiple journals of law. Through his writings, he has provided his opinion and counsel on both popular and current legal matters.

 

Jeremy Goldstein’s proudest achievement to this day still remains as being Jeremy L. Goldstein & Associates LLC. This happens to be his very own law firm that he founded. At his law firm, they are very dedicated to helping advice all kind of individuals. Some of these happen to include CEO’s, compensation committees, corporations and also many management teams. Through studying the law pertaining to many different fields this allows the firm to be able to help a lot more individuals than if they only specialized in one kind of field.

 

Currently, Jeremy Goldstein is still working on growing his career and achievements. He proudly holds a spot on the American Bar Association Business Section and also happily is the chair of the Mergers and Acquisitions Committee, which happens to be of the Executive Compensation Committee. Goldstein is extremely proud of what he has done with his career to this day.