FIG. Fortress Investment Group LLC Class A

Fortress Announces Agreement to Acquire UniCredit NPL Portfolio

NEW YORK--(BUSINESS WIRE)--

Fortress Investment Group LLC (NYSE:FIG) (together with its affiliates, “Fortress”) today announced an agreement to acquire a significant portion of a €17.7 billion portfolio of non-performing Italian loans from UniCredit S.p.A. At closing, the UniCredit transaction will represent the largest ever non-performing loan (“NPL”) transaction in Europe.

Fortress began investing in Italian loans and loan servicing in 2000, with its investment in Italfondiario S.p.A. (“Italfondiario”), which was subsequently transformed from a mortgage bank into a specialized loan management company. Fortress’s other major transactions include its acquisition, in 2005, of €13 billion in NPLs from Intesa banking group, and in 2015, the acquisition of specialized servicer UniCredit Credit Management Bank S.p.A. (renamed “doBank S.p.A”).

In total, not including the newly announced UniCredit transaction, Fortress and its affiliates have acquired approximately €22 billion of NPLs in Italy since 2000. By combining doBank with Italfondiario, Fortress has also created the largest independent special servicer in Italy, with approximately €83 billion of combined loans under management as of June 30, 2016, over seven times the size of the next largest competitor.

About Fortress

Fortress Investment Group LLC is a leading, highly diversified global investment firm with $70.1 billion in assets under management as of September 30, 2016. Founded in 1998, Fortress manages assets on behalf of over 1,750 institutional clients and private investors worldwide across a range of private equity, credit, real estate and traditional asset management strategies. Fortress is publicly traded on the New York Stock Exchange (NYSE: FIG). For additional information, please visit www.fortress.com.

EN
19/12/2016

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FIG.Fortress Investment Group LLC Class A

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FIG. Fortress Invest...

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November 9, 2017 1 EN
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August 3, 2017 1 EN
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Fortress Shareholders Approve Proposed Acquisition by SoftBank

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July 12, 2017 1 EN
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EUR 166.88
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Moody's assigns first-time rating of Baa3 to FinCo I LLC

Rating Action: Moody's assigns first-time rating of Baa3 to FinCo I LLC. Global Credit Research- 17 May 2017. New York, May 17, 2017-- Moody's Investors Service, has today assigned a Baa3 long-term issuer rating to FinCo I LLC, which will be a parent company of and act as the borrowing entity for Fortress Investment Group LLC after the acquisition of Fortress by SoftBank Group Corp..

FIG. FORTRESS INVESTMENT GROUP LLC CLASS A
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