Zachary Houle

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How Fortress Investment Group Innovated the Private Equity World

There are many companies who hope to make a big impact in the world of finance. However, there is only one company that can claim to innovate the entire world of private equity for the last two decades. That company, Fortress Investment Group, has emerged as one of the biggest players in the private equity world.

Since its founding in 1998, Fortress Investment Group has been making waves across Wall Street. The company was founded by partners Rob Kauffman, Wesley R. Edens, and Randal Nardone. Today, all three principals are still involved with the firm at the company’s flagship offices in New York City.

While Fortress was founded as a private equity firm, it soon expanded into hedge funds, real estate investments and debt security investments. For the first seven years of its existence, Fortress Investment Group was able to net an average of 39.7% from its private equity holdings. The success of the company led to Fortress going public on February 9, 2007. It would be the first major private equity group to go public on the New York Stock Exchange.

The firm weathered the financial crash of 2008 and continued to expand. In 2014, the company was named “Hedge Fund of the Year” by Institutional Investor. Fortress was also named “Management Firm of the Year” by HFM Week. As the company was winning awards and making major acquisitions, some speculated that Fortress Investment Group itself would soon find a buyer.

That buyer would emerge in 2017 when SoftBank Group put in a $3.3 billion dollar bid for the company. Fortress would accept the offer, closing the deal in the last week of December of 2017. Today, Fortress manages over $70 billion dollars in assets with over 2,500 full-time employees on staff.

Fortress currently operates a number of subsidiaries including Nationstar Mortgage, Intrawest, Railroad Acquisition Holdings, and New Media Investment Group. The company’s net revenue was $1.1 billion dollars in 2016 with a net income of $180 million. As Fortress continues to expand, the company will look for new acquisition and investment opportunities in the global market.

Loius Chenevert at UTC

Louis Chenevert is a graduate of the HEC Montreal Business School. He holds a degree in production management. With his education, he is supposed to ensure that goods produced are of the right quality, quantity, are produced at the lowest cost and at a fast pace. The overall intention is to ensure that companies make huge profits. It is clear that the role of a production manager in a business setup is critical. The efficiency of the production department will influence the performance of the whole company. So, this is an area that deserves to be left to the best of the best. Louis Chenevert happens to be one of those who can be relied upon to change companies by facilitating efficient production.

When Louis Chenevert finished his degree, his first job was at General Motors. He was placed as a manager in an auto production line. The decision to assign this job proved one of the best for the firm. His line was the most efficient. He assisted General Motors assembly to increase its production capacity by lowering the time needed to accomplish assembling. Louis Chenevert spent 14 years in the company before making a switch to another industry. In this period, he learned vital lessons about the production which he was ready to utilize in his job destination.

Louis Chenevert moved to the aerospace industry where he became one of the best production managers ever. Armed with experience from the auto industry, he was ready to transform the aerospace industry. One vital lesson he had learned from the GM production plant was that production ought to be fastest as a possible. In the assembly line at GM, they were producing one car in one minute.

When Louis Chenevert moved to the aerospace industry, the company he joined was UTC. He joined one of the business under the conglomerate known as Pratt & Whitney. He worked in this firm for over a decade improving its production capabilities over the years. One of the track records he left at the time of his exit was lowering the production time of one jet engine by a year. He later became the CEO of UTC in 2008.

Madison Street Capital Is Having a Great Year So Far

Madison Street Capital has made a lot of noise in the investment banking industry this year. Professionals and followers of the industry may have been unfamiliar with the investment banking firm until now. Its advisory services are top of the line to put it in the simplest terms. The firm serves the needs of both publicly and privately owned businesses with a level of excellence that you would expect a industry leader to have.

The M&A Advisor taken notice of the company’s excellence. Naming it as one of the finalists for its yearly M&A Advisor Awards. If announced as the winner, Madison Street Capital would be the 15th recipient of the award. Something the company doesn’t take lightly. More than a few companies would kill to be in the position that Madison Street Capital is in. The M&A Advisor Award is the embodiment and confirmation of a business’ success within the financial industry. The award will no doubt stand out on the resume of Madison Street capital. Read more:

Recently, the investment banking firm played a major role in DOWCO’s acquisition of Acuna & Asociados S.A. DOWCO was a longtime client of Madison Street Capital. Charles Botchway, the founder and CEO of Madison Street Capital was more than happy that his company helped facilitate such a huge deal. Many people believe that the deal may have been the biggest of the year. The deal earned Madison Street Capital a nomination for Boutique Investment Banking Firm of the Year. Botchway has considered the nomination a direct reflection on the hard work of the company’s dealmakers.

About Charles Botchway

Charles Botchway is the founder and CEO of Madison Street Capital. Botchway has been in many leadership positions throughout his successful career in the corporate finance sector of investment banking. Before founding Madison Street Capital, Botchway worked at Houlihan Smith & Company as the company’s co-CEO and Vice Chairman, where he was relied upon to execute the firm’s business strategy of expanding globally.

About Madison Street Capital

Madison Street Capital is a world renowned investment banking firm based in Chicago, Illinois. The firm is dedicated to solving the problems of clients no matter how difficult or time consuming. Madison Street Capital’s team of professionals is always ready to help a client in any way they can in various ranges of industry. Though the firms headquarters is located in Chicago, it has offices in three different continents that include: North America, Asia, and Africa.


DOWCO is an internationally leading integrated steel detailing and BIM (Building Information Modeling) services company. The company has been in business for over four decades and counting. As time passes on and trends change the company has been able to reinvent itself and embrace new technologies. Read more:

Madison Street Capital Firm Overview 2011 from Madison Street Capital

Hard Work in Financial Services Pays Well For Madison Street Capital

Madison Street Capital is an investment banking corporation led by a team of professionals who are knowledgeable and experienced. They also have extensive relationships that ensure commitment to integrity, excellence as well as service delivery.

With its location at 105 Madison Street in Chicago, the company has over two hundred employees serving in various areas. Described as a boutique investment banking firm, it specializes in financial advisory services. These services include bankruptcy, capital restructuring, buyouts as well as mergers and acquisitions. Besides, it provides intangible assets as well as business and goodwill valuation.

Being announced as the finalist for the 15th annual M&A Advisor Awards did not come as a surprise. With the vast experience in financial services sector and its contribution, the award was well deserved. The award brings to it an additional boost to its already distinguished name an array of benefits.

For example, many businesses will now want to be associated with Madison Street Capital for its excellence in service delivery and professionalism. Facilitating the Dowco acquisition of Acuna & Asociados S.A saw it nominated for the International and Industrials deal of the year. This acquisition confirmed to be one of the very complex because it was a cross border and consisted several moving parts. Such complexity was the reason behind the nomination for that award.

In the financial services sector, experience differentiates players in the market, which have seen Madison Street Capital rise steadily. Apart from the Acuna & Asociados S.A and Dowco transaction, the company has a broad range of clients in different sectors. Success in this business demands thorough analysis to provide clients with accurate recommendations. It is in line with this that the entity was awarded the M&A advisor award. Initiated in 1998, the award endeavors to provide insight as well as intelligence in M&A activities.

In its eighteen years of existence, the M&A advisor has managed to create a leading M&A global network. It has also established turnaround and finance professional that facilitate connections between top performers in the industry.

There are various awards associated with M&A Advisor, but recognition and award of these prizes propel an organization high. The need for competitive and superior service provision is well recognized as seen in the case of Madison Street Capital. The award does not only help in identifying the top performers but also grow the industry.

For example, recognition of Madison Street Capital will in many ways help in shaping professionals. Such growth is in addition to other emerging corporations that will seek to achieve such recognition. However, it requires hard work in connecting clients and growing businesses for common development and success. It is from these and many others attribute that Madison Street Capital stands as an example of hard work.

Madison Street Capital Firm Overview 2011 from Madison Street Capital

Laidlaw and Bad Investment Advice

It may even be the case that the bad outweighs the good in a 10:1 ratio. I think its understandable why this happens. The media gives out bad advice because doing so helps them to earn money. Even worse, companies like Laidlaw with dishonest executives like Matthew Eitner and James Ahern give out bad advice and make fortunes from it at their client’s expense.

Here is an example of bad advice. Not long ago the newspaper The Huffington Post wrote an article in which it gave some awful advice. This newspaper prides itself in being the number one national newspaper in Canada so you would think they care about providing people with accurate information. It has been around for more than 150 years as well which gives it authority based upon age and often talks about its “award winning journalism”.

It recently published an article that talked about “three top stock picks”. It was written by Paul Harris. The problem is that these stock picks are based upon little evidence and Paul Harris isn’t really qualified to recommend them because he is not an expert in any of these industries. These recommendations come with a success rate that is no better than picking at random. The ethics involved in such recommendations remind me of the dishonest investment firm Laidlaw who is currently being sued by Relmada for its activities. Less than a year ago a federal judge granted an injunction against its James Ahern and Matthew Eitner because of their unethical activities against their client Relmada. They gave bogus financial advice all while pickpocketing Relmada for as many fees as they could.