SoftBank Surprised Investors by Acquiring Fortress Investment Group

SoftBank, a tech giant based out of Japan, recently acquired Fortress Investment Group for an estimated $3.3 billion. On December 27, 2017, the deal was officially completed after it had been in process for quite a long time before that. While SoftBank may own the company, Fortress Investment Group will still remain an independent business and keep its New York headquarters.

The reasoning behind SoftBank acquiring the Fortress Investment Group is their desire to move into private equity firm and away from debt financing. With Fortress’ extensive knowledge and experience in the area, they will be a valuable tool to help them complete the process. Prior to the purchase of Fortress Investment Group SoftBank had primarily been in the business of purchasing various tech startups.

Both companies involved have interesting backstories and long histories of success. While SoftBank originally sold PC software wholesale their business changed when they became they became a major investor in Yahoo!. They continued to evolve and hold shares in hundreds of internet-based companies. With their acquisition of Fortress, it is clear that they are changing their business strategy and moving in a new direction again. Fortress Investment Group has more than 2 decades of financial industry experience after being founded in 1998 by Wes Edens and Randy Nardone. They currently operate on behalf of at least 1,750 clients by managing around $40 billion in assets.

There are many different reasons why SoftBank is allowing Fortress to operate so independently despite the large acquisition price tag, many of these have to do with the laws involving international deals. In order for the Committee on Foreign Investments to allow the deal to go through SoftBank had to promise not to have much interference with how Fortress managed their assets in the United States. SoftBank agreed to these terms and also paid a premium to their shareholders of $8.08 per share. The acquisition of Fortress was not the only transaction that SoftBank has made recently. They also transferred their shares of UK’s Arm Holdings to their investment fund. In addition their acquisition of Boston Dynamics had to be completed before the Fortress transaction was allowed.

Vijay Eswaran Helping the QI Group of Companies Expand Globally

One of the leading businessmen from Malaysia today is Vijay Eswaran, who is also listed by Forbes to be one of the wealthiest businessmen from Malaysia. He is not only considered a guru in the field of multi-level marketing, but the books that he has written in the past few years has been a rage. Some of the books that he has written on the topic of spirituality, discipline, motivation, and self-improvement are Two Minutes from the Abyss, In the Sphere of Silence, and a few others. All these books depict his life journey, the wisdom that he has gathered over the years, and what are the valuable lessons he has learned over the years.

Vijay Eswaran has done his schooling in various schools in Malaysia as his family would often relocate due to his father’s job at the Ministry of Labor at the Malaysian Government. After completing his schooling, Vijay Eswaran moved to the United Kingdom where he joined the London School of Economics to finish his degree in socio-economics. It was around this time that he did a few odd jobs as well as got introduced to the world of multi-level marketing. After completing his graduation in the United Kingdom, he moved around Europe doing a variety of jobs. However, he eventually returned to Malaysia in 1998 when he co-founded the company we all know today as the QI Group of Companies.

The reason behind the massive success that QI Group has achieved in the past few years is due to the enterprising nature of Vijay Eswaran. He is always looking for opportunities to expand and grow and is not complacent even after achieving so much success. Vijay Eswaran mentions the same in all his books that to stay ahead of the competition, one should stay away from their comfort zone.

Mike Bagguley Takes On A Challenge

Mike Bagguley serves as Chief Operating Officer of Barclays, an investment bank based in London, England, well known as a giant in the banking industry. He has been in the position since June of 2016. As Mike Bagguley took over the role, Barclays was in the middle of some major changes, as the bank was overhauling and streamlining operations. Reducing staff and leaving former business partnerships was part of the strategy to help the bank adapt to regulation increases and investor decreases. Bagguley was thought to be the man for the job and was given the challenge to accelerate the process of improving profits and cutting costs. He also had the additional responsibilities of aligning infrastructure, coordinating major projects, and joining the executive committee.

The job ahead was not an easy one, but fortunately, Bagguley had been a part of the Barclay team for fourteen years before he became COO, and therefore knew well the objectives the bank hoped to achieve. Before being appointed to the position, Bagguley had served as the head of the company’s macro products division, which includes interest rates, and foreign exchange products. He gained useful knowledge and experience in that time as he successfully negotiated trades and executed deals. Bagguley was already familiar with downsizing, as the macro business had undergone the same size reduction and reshaping efforts, due to the effects of tougher regulations and falling trading revenues. The turnaround was a slow process, but the division had started to see success under Mike Bagguley’s direction, with revenues rising.

On the Crunchbase profile for Mike Bagguley, viewers can learn additional information about Bagguley. For example, his full name is listed as Michael Roy Andrew Bagguley. He graduated from the University of Warwick, in 1988, with a B.S. in Mathematics. For further information on Bagguley, there are also links to his LinkedIn and Twitter accounts.

https://www.investmentbank.barclays.com/news/10-years-of-partnership-with-donmar.html

Adam Milstein and His Lifelong Mission to Uplift the Jewish Community

For those people who haven’t been properly introduced to the legacy of Adam Milstein, let it be known that he is perceived as being one of the most inspirational forward-thinkers in modern-day society. Rather than solely focusing on the pursuit of financial gain like so many other entrepreneurs typically do, Adam Milstein understands that there is a greater cultural value to be ensued from investing one’s own time, success, and wealth back into the community. As a forward-thinker, Milstein continually strives to enlighten the general population on the consequential long-term generational benefits that shall be inherited from societal enforcement of genuine positivity and total well-being within our present global reality. Yet, more specifically as a man of Jewish decent, Adam Milstein has dedicated his entire life to developing projects that educate, train, and promote leadership opportunities within the Israeli-American community.

Although having earned his Bachelor of Science degree in Industrial and Business Management in 1978 from the Israel Institute of Technology, he followed suit with the receipt of his MBA in 1983 from the University of Southern California after relocating to the United States with his family in 1981. Utilizing his degrees, Adam Milstein acted upon his interest in business by working as a real-estate sales agent. While working as a sales agent, he was able to gain a thorough insight into the strategic/operational essentials of the real-estate industry that ultimately bequeathed him the experience to be placed in the position of managing partner for Hager Pacific Properties in California. Hager Pacific Properties is a multi-million dollar real-estate investment firm that specializes in the rehabilitation of commercial properties. Nonetheless, as managing partner, Adam Milstein has the distinctive privilege of handling the firm’s accounting and financing obligations.

Furthermore, as an accomplished businessman, Milstein understands the significance in networking and developing social relationships to create opportunities that will impact the entirety of society. Thus, he made it a priority to mirror his occupational platform with that of his humanitarian services. In 2000, Milstein and his wife developed their own foundation (The Adam and Gila Milstein Family Foundation) to help fund other non-profit organizations that strive to make a difference in the Pro-Israel cause. In 2007, Milstein assisted in the founding of the Israeli-American Council (IAC)—a council that happens to be one of the largest Jewish organizations in the world to date. As national chairman of the IAC, Milstein helps to enforce plans and projects that add to the stability and longevity of Jewish heritage among Israeli-Americans. Moreover, as a devout philanthropist, Adam Milstein continues to build upon the legacy of himself and others by genuinely increasing his contributions every year to not only fulfill the needs of Jewish population, but to promote world peace and resolve human rights issues.

Is Aloha Construction the Real Deal in Home Improvement

To simply get straight to the matter at hand, Lake Zurich, Illinois, is the home to one of Illinois’ best general-contracting companies. If you’re not from around this neck of the woods, then keep reading. Aloha Construction is the quintessential general contractor of the 21st century, and there’s no doubt about it. You are looking at a company that has only been around for a decade, but it has completed over 20,000 home-remodel projects. Yes, this statement is 100 percent accurate. On top of that, the company just completed its very first multi-million dollar remodel. This spectacular home can be found in North Barrington, Illinois.

With huge success comes huge growth. Aloha Construction has gone Hollywood in a sense. This just means that the company has stepped-up its game for 2018. The company has just introduced a new series of national commercials. These commercials are very high-quality, are professional and are intuitive. Networks such as ESPN, Discovery, The Learning Channel and The History Channel have all displayed the commercials to a larger audience. This promotion will certainly introduce Aloha Construction to a much larger crowd, which will potentially bring in more customers. The specialists here are highly trained in a vast list of home-remodel services. The company also consists of bonded roofers and licensed siding contractors. Vinyl siding is very popular across the US, and many of this general contractor’s specialists have been thoroughly educated at the Vinyl Sinding Institute.

Thanks to its top-of-the-line services, its wonderful leadership, and its high-quality ethics, the Better Business Bureau has honored Aloha Construction with the Torch Award in 2017. This award goes to a company that displays all of the above and then some. The Torch Award couldn’t have gone to a better general contractor in this specific class.

https://www.crunchbase.com/organization/aloha-construction-2

Shervin Pishevar’s Tweet Storm And Its Economic Impact

Shervin Pishevar has come out of hiding to hit the world with 21 tweets in a day-long storm of messages. The founder of Sherpa Capital and early investor of Uber has some very negative things to say about the economy. And this comes after an abrupt resignation from his post atop Sherpa Capital.

He was forced to resign from Sherpa Capital due to sexual harassment allegations. He continues to say that these allegations are false. He explains that former enemies are out to get him and that he had to resign from Sherpa Capital in order to shield his favorite company from the fight.

The world has not heard from Shervin Pishevar ever since. Now he’s being hard to ignore as he spews dire warnings about the future of the economy.

His tweets see an economy that is about to permanently stagnate because underemployment and even unemployment will become ingrained in the system. He calls this underemployment “systemic” and it will have negative consequences on the stock market.

This tweet storm also predicts the crash of the stock market in the very near future. He believes the stock market will plummet an astounding 6,000 points to crash the entire economy. He points to the unpredictability coming out of the White House these days. Trump’s trade wars are only making investors skittish and it will end badly, according to Shervin Pishevar.

The former head of Sherpa Capital continued on his rant. He believes the upcoming trade wars will make it impossible for the bond market to carry the economy. It will slowly fail to rally along with the equities market so long as trade fluctuates. Essentially, it will not stabilize until the White House stabilizes.

He even aimed his tweets at Silicon Valley. He believes the community of tech companies is bound to fail because they have become complacent and have put limits on entrepreneurship. He believes the spirit that founded the valley has leaked out all over the world and is no longer set within geographical limits. That pioneering spirit is a movement and not a place, according to Shervin Pishevar.

https://blog.taskrabbit.com/tag/shervin-pishevar/

Successes of Dr Mark McKenna

Dr. Mark McKenna has always made unexpected turns when it comes to his career. He started as a medical doctor before turning into the field of entrepreneurship. After operating many businesses, he decided to venture back into his now lifetime career, as a medical practitioner and surgeon. He studied medicine at Tulane Medical School and while he was still a student, Dr. Mark McKenna was still passionate about venturing into business. He conducted various businesses while still at school and later, he launched the McKenna Venture Investments.

Due to his passion for the field of entrepreneurship, the renowned medical practitioner also ventured into mortgage investment before he later moved to Atlanta. Dr. Mark McKenna then became the founder and CEO of the OVME Cosmetics, which is a health firm that is entirely dedicated to offering a customer based aesthetic and cosmetic services. Through the firm, he has successfully helped many people acquire their desired looks by conducting surgery and performing beauty enhancement operations on them.

Dr. Mark McKenna has also focused on the use of the modern technology to carry out his medical operations. He is ranked a, on the best medical practitioners in the country and as a result, a vast number of people seek his services.

His firm provides a broad range of cosmetic services including minimally invasive techniques, which are suitable for both men and women. Dr Mark McKenna has acquired an excellent reputation for the high-end services he offers to his clients. He has brought a revolution in the medical sector by providing reliable medical services to his patients.

Through the online platform that he introduced to his patients, he has enabled a vast number of them to receive fast services through their mobile phones and computers without having to travel long distances. His dedication towards helping his patients achieve their goals has seen him attract a vast number of them to his firm, particularly those interested in enhancing their looks. His ability to relate well with his clients has also been perceived to be one of the primary reasons behind hos today’s many successes in his field of specialization.

https://ideamensch.com/mark-mckenna/

Discover The Benefits Of Stream Energy

Why Customers Are Choosing Stream?

When is the last time you’ve given yourself an energy health check? The popular, Stream Energy network is prepared to come in your home or residence and help you create an energy savings model that can help you save. They’ve been proudly established since 1993. Stream is located in Dallas, Texas, and gladly serves their local area residents. More customers have become a part of their nationwide services including New Jersey. They’ve worked hard to provide low and moderate income communities with sustainable energy. Learn how you can register for a Stream account online.

Stream Business News

Stream was one of the first energy providers to respond to Puerto Rico, after they were ravished by hurricane Maria. Millions of families went weeks without power. However, Stream was glad to step in and restore energy to thousands of residential and business customers. Their team of executives said; Stream was able to lend a generous amount of time and resources. Many famines were able to began to rebuild their lives and save on their utilities. Customers have began to choose their Stream as a reliable network. Visit Stream and save more on your energy bills.

Stream Energy Programs

Are you paying higher than normal energy cost? Do you regret getting your energy bills out the mailbox each month? The Stream Energy network is committed to filling their customers need to save on their energy bills. Discover a popular energy model that has been able to help thousands of nationwide customers save. Their most popular program has been the Green Energy program. Their GE Program combines clean air with savings. Don’t pay ridiculous energy bills during extreme winter or summer temperatures. Global warming causes your energy to burn more to keep your home or business tempered.

Visit the Stream website to learn more about their referral program. Earn an extra income by referring your friends and family. Stream has many energy programs that will help you reduce your monthly energy bills. Stream Energy understand how moderate and low income households can benefit from sustainable energy.

https://www.crunchbase.com/organization/stream-energy

Technological Revolution Brought to the Credit Sector by GreenSky Credit

GreenSky Credit has been one of the most instrumental organizations that are trying to bring revolution to the finance sector by embracing technology. With the help of the company’s CEO, Mr. Zalik David, Greensky has been able to establish strong relationships with the financial institutions that lend money to the customers in need hence building a mutual relationship. The deal between these institutions of financial lending and GreenSky Credit is that they should be able to harness customers to borrow money from them. Then, GreenSky comes in to provide the funds to the customers on behalf of the credit firms, but of course at a fee that is charged in the form of commission on the outstanding loan balance of the borrowers.

To smoothen the process of borrowing for the customers and their lenders, GreenSky Credit has designed an online portal which the borrowers can log in and communicate with their creditors. On the same portal, the loan application process is initiated by the borrower by filling in their details and submitting them for approval. After the approval by the financial institutions, GreenSky is granted the green light to credit the clients’ bank accounts with the requested funds. The whole process takes less than 48 hours. The beauty of this platform is that the loan application process has become a walk in the park for the borrowers. Instead of the bulky forms that the customers filled in the past, they are only required to sit with their phones in their houses and complete their loan application. The long time of the approval process has also been alleviated by this platform.

All this has been the initiative of David Zalik, who has been on the front-line to ensure that credit customers are no longer exploited or mishandled by the creditors who had become rogue in their service delivery. By the establishment of GreenSky Credit, a lot of challenges that were facing both the borrowers and the lenders have been addressed, and most of them solved. For instance, many are times when the small creditors could not afford to give credit to customers who required huge amounts of credit. As a result of the emergence of GreenSky, these firms can access funds to give to their customers in need, at a small fee.

http://www.cisneyremodeling.com/financing-options-from-greensky-credit.html

Jeremy Goldstein’s Impact on the Success of Fountain House

Fountain House is an international philanthropic organization that is dedicated to the rescue and reclamation of people who live with mental illness. With Jeremy Goldstein sitting in the firm’s board of directors, Fountain has achieved a lot in its mission and vision. The main agenda of the firm is to showcase the ability of these individuals who live with this condition of mental disorder, who have been despised and taken so lightly in the society. A lot of people in the society have the wrong perception about the individuals surviving mental illness. They see them as dependent and individuals who cannot depend on themselves and also very unreliable. This is the notion that Jeremy Goldstein has joined the Fountain House to abolish.

 

The foundation of Fountain house was so coincidental and symbolic, yet paramount. This is because the individuals who formed the organization had met in New York Orangeburg, at the Rockland State Hospital. Here, the six gentlemen had gone to seek treatment as victims of mental illness. For a very long time earlier on, they had suffered discrimination from the individuals who never suffered from the condition and therefore felt that the treatment was unfair. After recovering, they decided to form a group which they named metaphorically to their situation. They called it “We are not alone.” This was after realizing that people who were recovering from the condition always felt like they were all alone in their world and as if no one cared about what they experienced.

 

After staying for a while, the group purchased a house in New York, which they transformed into a home for all of them. Coincidentally, the house was located in a garden that had a fountain in it. This led to its current name, Fountain House. Together with Jeremy Goldstein, Fountain House has been so instrumental in ensuring that the individuals who have the mental disability condition are treated properly and with dignity. The firm has also established learning programs in which the individual enroll as they undergo the recovery process. These ensure that the patients of the mental illness condition are well equipped with the required knowledge and skills to enhance their survival.

 

Jeremy Goldstein is a lawyer by profession who has specialized in the field of corporate governance and compensation. Besides his work at the Fountain House, Jeremy has been very focal in assisting the top-notch managers of various organizations in the corporate world in the areas of compensation of their employees and matters about the governance of the corporations.

 

Follow Jeremy Goldstein on twitter.