Fortress Investment Group Acquires Loungers for £354.4 Million

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.

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.

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.

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.

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.

Lone Star Funds Acquires Lodgian, Inc.

April 15, 2010

Real Estate

An affiliate of Lone Star Funds (LSREF) completed the acquisition of Lodgian, Inc., one of the largest independent U.S. hotel owners and operators, in an all-cash transaction valued at approximately $270 million including assumed debt. Lodgian stockholders received $2.50 per share; Lone Star said the deal will pair Lodgian's hotel portfolio with Lone Star's real estate expertise.