Mubadala and management to acquire Softbank’s F ortress; Amulet acquire s clinical site platform

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Mubadala and management to acquire Softbank’s Fortress; Amulet acquires clinical site platform

Good morning Hubsters, Craig McGlashan here with the opening Wire of the week.

There’s some big news in the investment sector, with Softbank-owned Fortress Investment Group set to be taken over by its management and Mubadala Capital.

We also touch on the healthcare sector, with Amulet Capital Partners acquiring a clinical site platform, and in the food sector with an add-on by a Swander Pace Capital portfolio company.

Finishing up, we have a hire by Welsh, Carson, Anderson & Stowe.

Investment

We’ve seen a string of financial services deals lately, including TPG’s $2.7 billion move for Angelo Gordon and TIAA selling its banking unit to a private equity investor group.

Well, add another one to the list, because this morning Fortress Investment Group and Mubadala Investment Company announced that they had agreed to acquire a majority stake in Fortress held by SoftBank.

Read our full coverage to find out more, including the ownership split under the deal.

Clinical

Amulet Capital Partners has acquired Dallas-based Alliance Clinical Network, a clinical site platform.

Pickle in

Patriot Pickle, which is backed by Swander Pace Capital, has acquired Garland, Texas-based First Place Foods, a producer of pickles.

Hire

Welsh, Carson, Anderson & Stowe has named Andrew Hausman as an operating partner in its technology group.

That’s all from me – MK Flynn will be back with you tomorrow after her well-deserved vacation.

Cheers,

Craig

Read the full wire commentary on PE Hub ...

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