New York-based Fortress Investment Group, a unit of SoftBank Group Corp, has acquired 100 per cent of Vannin Capital, a US-headquartered global litigation funder, for an undisclosed amount, according to a release.
The acquisition comes nearly a year after Vannin, which was set up in 2010, called off its planned initial public offering on the London Stock Exchange due to what chief executive Richard Hextall described as a volatile equity market back then.
