SoftBank unit Fortress Investment acquires US litigation funder Vannin

SoftBank unit Fortress Investment acquires US litigation funder Vannin

Photographed by Colin Watts on Unsplash

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.

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