Weil, Gotshal & Manges and Kirkland & Ellis are advising SoftBank Group Corp. on a $3.3 billion acquisition of New York-based Fortress Investment Group.

Tokyo-based SoftBank has agreed to buy the New York Stock Exchange-listed alternative investment firm for $8.08 apiece. Fortress will retain its brand and operate independently within SoftBank once the deal completes in the second half of this year. Fortress principals Peter Briger, Wesley Edens and Randal Nardone will stay and lead the firm.

The deal is subject to clearance from the Committee on Foreign Investment in the United States, or CFIUS, according to a filing with the Securities and Exchange Commission.

Weil New York-based private equity partner Harvey Eisenberg and Dallas-based M&A partner James Griffin are leading a team representing SoftBank. They are supported by executive compensation partners Michael Nissan and Sarah Downie, tax partner Mark Schwed, funds partner Stephanie Srulowitz, corporate partner David Wohl, banking partner Andrew Colao, finance partner Robert Chiperfield, regulatory partner Derrick Cephas and litigation partners Greg Danilow and Paul Dutka in New York, tax partners Jared Rusman and Jonathan Macke in Dallas, and international arbitration and trade partner Theodore Posner in Washington, D.C., who also advises on CFIUS reviews.

Also advising SoftBank on the deal is Kirkland & Ellis with a team led by New York-based corporate partners Norm Champ, Sean Rodgers and Jeffrey Fine. Team members also include antitrust partner Ian John in New York and Ian Conner in Washington, D.C. and tax partner Michael Beinus in New York.

Skadden, Arps, Slate, Meagher & Flom is acting for Fortress with M&A partners Joseph Coco and Peter Serating in New York.

Davis Polk & Wardwell New York corporate partner John Butler is representing a special committee of independent directors at Fortress, with help from tax partner David Schnabel, executive compensation partner Jeffrey Crandall and funds partner Gregory Rowland.

Briger, Edens and Nardone are being advised by Paul, Weiss, Rifkind, Wharton & Garrison New York partners Ariel Deckelbaum, Marco Masotti and Ellen Ching.

Email: azhang@alm.com

Weil, Gotshal & Manges and Kirkland & Ellis are advising SoftBank Group Corp. on a $3.3 billion acquisition of New York-based Fortress Investment Group.

Tokyo-based SoftBank has agreed to buy the New York Stock Exchange-listed alternative investment firm for $8.08 apiece. Fortress will retain its brand and operate independently within SoftBank once the deal completes in the second half of this year. Fortress principals Peter Briger, Wesley Edens and Randal Nardone will stay and lead the firm.

The deal is subject to clearance from the Committee on Foreign Investment in the United States, or CFIUS, according to a filing with the Securities and Exchange Commission.

Weil New York-based private equity partner Harvey Eisenberg and Dallas-based M&A partner James Griffin are leading a team representing SoftBank. They are supported by executive compensation partners Michael Nissan and Sarah Downie, tax partner Mark Schwed, funds partner Stephanie Srulowitz, corporate partner David Wohl, banking partner Andrew Colao, finance partner Robert Chiperfield, regulatory partner Derrick Cephas and litigation partners Greg Danilow and Paul Dutka in New York , tax partners Jared Rusman and Jonathan Macke in Dallas, and international arbitration and trade partner Theodore Posner in Washington, D.C., who also advises on CFIUS reviews.

Also advising SoftBank on the deal is Kirkland & Ellis with a team led by New York-based corporate partners Norm Champ, Sean Rodgers and Jeffrey Fine. Team members also include antitrust partner Ian John in New York and Ian Conner in Washington, D.C. and tax partner Michael Beinus in New York .

Skadden, Arps, Slate, Meagher & Flom is acting for Fortress with M&A partners Joseph Coco and Peter Serating in New York .

Davis Polk & Wardwell New York corporate partner John Butler is representing a special committee of independent directors at Fortress, with help from tax partner David Schnabel, executive compensation partner Jeffrey Crandall and funds partner Gregory Rowland.

Briger, Edens and Nardone are being advised by Paul, Weiss, Rifkind, Wharton & Garrison New York partners Ariel Deckelbaum, Marco Masotti and Ellen Ching.

Email: azhang@alm.com