Fortress Investment Group Acquires Loungers for £354.4 Million

Summit Park and Digital Fuel Capital Lead Recapitalization of Ledge Lounger

November 10, 2021

Consumer Products

Summit Park led a majority recapitalization of Ledge Lounger Inc., the in-pool and outdoor furniture D2C brand, in partnership with Digital Fuel Capital and the Ledge management team. The transaction provides partial liquidity to the founder and capital to accelerate growth, digital marketing capabilities and product innovation across D2C and B2B channels.

Fortress Investment Group Acquires Punch Pubs & Co. from Patron Capital

December 20, 2024

Restaurants & Hospitality

Fortress Investment Group has acquired 100% of Vine Acquisitions Limited (trading as Punch Pubs & Co.) from Patron Capital Partners, with existing management retaining an equity stake. The transaction is equity-funded by Fortress-managed funds; Punch operates c.1,300 pubs across the United Kingdom and Fortress says it will support the management team's plan to invest in long-term growth and value creation.

RL Investor Holdings (Fortress-led group) Acquires Red Lobster Out of Chapter 11

July 23, 2024

Restaurants & Hospitality

RL Investor Holdings LLC — an entity formed by funds managed by affiliates of Fortress Investment Group with co-investors TCW Private Credit and Blue Torch — has completed its acquisition of the Red Lobster restaurant chain as the company exits Chapter 11. The transaction recapitalizes Red Lobster (about 545 restaurants and a ~30,000-strong workforce) and includes a committed plan of new funding to stabilize operations and support a turnaround following the restructuring.

D-Edge Acquires LoungeUp to Expand Hotel Guest Management Platform

March 21, 2024

Cloud & SaaS

D-Edge, the Paris-based hotel technology subsidiary of Accor, has acquired LoungeUp, a Paris-based CRM and guest engagement platform used in about 3,000 properties. The acquisition (terms undisclosed) is intended to broaden D-Edge’s product suite and create a more comprehensive, less fragmented hotel tech platform.

Fortress Management and Mubadala Capital Acquire Fortress Investment Group from SoftBank

May 19, 2024

Financial Services

Fortress management and a consortium led by Mubadala Capital have completed the acquisition of SoftBank Group's 90.01% stake in Fortress Investment Group. Under the transaction, Fortress management holds a 32% equity interest (with board control rights) and the Mubadala-led consortium owns 68%; terms were not disclosed and Fortress will continue to operate independently.

The Riverside Company Acquires The Lash Lounge for Head to Toe Brands Platform

March 19, 2024

Retail

The Riverside Company (via its Riverside Micro-Cap Fund) has acquired The Lash Lounge, a leading eyelash salon franchise, from Franworth. The deal adds The Lash Lounge — with more than 129 locations nationwide — as the third brand in Riverside's Head to Toe Brands platform to accelerate growth and geographic expansion in beauty and personal care services.