Fortress Reportedly Shuts Down Vannin Capital’s US and Germany Offices, Trims Staff by Half
- November 1, 2019
Category: Patent Market, Patent Watch
Several news agencies reported on November 1 that Fortress Investment Group LLC, which announced its acquisition of Vannin Capital in September, has shuttered the UK-based litigation funder’s US and Germany offices. When announced, the acquisition was characterized as a natural extension of a long-standing partnership; however, Vannin was rumored to be facing financial pressure when it turned to Fortress.