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5 things to know about Nassef Sawiris and Wes Edens

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5 things to know about Nassef Sawiris and Wes Edens

NSWE is a company that is jointly owned and controlled by businessman Nassef Sawiris’ group NNS and businessman Wes Edens. 

Here are five things to know about the two men.

Nassef Sawiris

1] Nassef Sawiris is CEO of OCI N.V., a €5.3bn Dutch-listed global nitrogen fertilizer and industrial chemicals producer

2] He is also Executive Chairman of the topco for the NNS Group, a prominent investment company focused on building long-term strategic equity stakes in high growth, sector leading companies

3] NNS is a significant shareholder in adidas AG and Nassef has been on the Board of adidas AG since 2016

4] NNS is also a major shareholder in Bruins Sports Capital, a US Private Equity firm exclusively focused on the sports industry. Bruins Sports Capital was established to acquire, build and invest in media, sports, marketing and branded lifestyle companies

5] Nassef, a huge football fan, is 57 years old and is a citizen of Egypt and Belgium

Wes Edens 

1] Wes Edens is a co-founder and co-CEO of Fortress Investment Group, a global investment manager. Fortress was founded in 1998 with $400m of assets under management and Wes and team have grown this to c. $40.9bn AUM, as at 31 March 2018

2] Wes is also founder and Chairman of New Fortress Energy, a global energy infrastructure company and Brightline, the new privately-owned express passenger train connecting Florida’s major cities 

3] Wes became co-owner of the Milwaukee Bucks basketball franchise in 2014. Bucks delivered 26-game turnaround in 2014/15 season combined with the fourth largest year-on-year increase in ticket sales across NBA. Since Wes’ ownership, Bucks have made playoffs three out of four seasons and secured first back-to-back winning seasons since 1999

4] The 56-year-old led efforts to deliver a new arena for the city and team and will be opening the $524m Wisconsin Entertainment & Sports Center, opening in late August 2018

5] Wes created eSports franchise, FlyQuest, in 2017 to compete North America League of Legends Championship Series (NA LCS)

AVFC Official
By @AVFCOfficial 20th July 2018