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