Nomura to Acquire Minority Stake in Fortress Investment Group

Dec 19, 2006, 00:00 ET from Fortress Investment Group LLC

    TOKYO and NEW YORK, Dec. 19 /PRNewswire/ -- Nomura Holdings, Inc. and
 Fortress Investment Group LLC announced today an agreement in which Nomura
 will acquire a 15% stake in Fortress Investment Group for approximately
 $888 million. Under the agreement, Nomura will own Class A shares
 representing 15% of Fortress with proceeds going to the Fortress
 principals. This transaction is expected to facilitate the expansion of
 Fortress's business in Asia.
     Skadden, Arps, Slate, Meagher & Flom LLP acted as legal adviser to
 Fortress. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal
 adviser to Nomura. Nomura Securities Co., Ltd. and Bear Stearns & Co. Inc.
 acted as financial adviser to Nomura. The transaction, which is subject to
 customary conditions, is expected to close in January 2007.
     About Nomura Group
     Nomura is a global financial services group dedicated to providing a
 broad range of financial services for individual, institutional, corporate
 and government clients. The Group offers a diverse line of competitive
 products and value-added financial and advisory solutions through its
 global headquarters in Tokyo, over 140 branches in Japan, and an
 international network in 29 countries; with regional headquarters in Hong
 Kong, London, and New York. The Group's business activities include
 investment consultation and brokerage services for retail investors in
 Japan, and, on a global basis, brokerage services, securities underwriting,
 investment banking advisory services, merchant banking, and asset
 management. For further information about Nomura please visit our website
     About Fortress Investment Group
     Fortress is a global alternative asset manager with approximately $26
 billion in assets under management as of September 30, 2006. Fortress
 raises, invests and manages private equity funds, hedge funds and publicly
 traded alternative investment vehicles. Fortress is headquartered in New
 York City and was founded in 1998.

SOURCE Fortress Investment Group LLC