Global investment manager Fortress Investment Group announced plans to acquire litigation funder Vannin Capital on Friday, almost a year after Vannin put plans for an IPO on hold.
In a deal expected to close in October, New York-based Fortress will acquire 100% of the equity in Vannin from existing shareholders, including majority owner Bramden Investments, a private equity vehicle funded entirely by DLA Group, a family office based in the Isle of Man. The value of the deal is confidential.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]