Peter Briger has been a trailblazer of effective leadership in the investment management industry for an extended period. He is one of the powerful CEOs of Fortress Investment Group, an investment management organization that has remained at the top of the industry’s performers for the past decade. The outstanding performance of this organization has been attributed to the employees and personnel of the company, who have worked very tirelessly to ensure that the company remains at the top position for the most extended period that they can afford. However, the leadership of Fortress Group has also tremendously contributed to the success of the company, led by Peter Briger. He is the gentleman who heads the credit and the real estate sectors of the organization, and since he took their guidance, the departments have ever since been named as the best performing departments in the industry.
What makes Peter Briger a more distinguished leader in the industry is the exclusive expertise that he possesses in the management of mergers and acquisitions. Since he joined Fortress Investment Group in 2002, Briger has overseen a myriad of acquisitions and purchases that the organization has made in the quest to improve its capital base. One of the most famous purchases was the one that took place in 2006. It involved Intrawest, a Canadian firm that operated the largest ski resort in the whole of Canada and Northern America. This was a mega transaction that saw the underlying assets of Fortress Investment Group skyrocket. The acquisition was followed by other purchases that were effected within the period between 2006 and 2010.
The most significant acquisition transaction that Peter Briger fronted was the one that entailed the purchase of Fortress Investment Group. This was after a Japanese multinational, SoftBank Group, proposed to acquire the firm on a cash transaction worth $3.3 billion. This was a huge transaction that required the shareholders and the senior leadership to discuss with a team of consultants to ensure that the transaction would be beneficial to the investors of Fortress Group. After a series of consultation, the parties came to an agreement and Fortress was handed over to SoftBank. However, the leadership of the acquired organization remained intact, with Peter Briger as the head of the credit section.