B. Riley Financial led the equity financing to facilitate the $2.8 billion management-led acquisition of Franchise Group. B. Riley invested $216.5 million of new capital in the transaction.
Larry Kanter, CPA/CFF, CFE joined B. Riley Financial as senior managing director with B. Riley Advisory Services, a provider of business advisory, appraisal and specialty financial consulting services. Kanter is based in Dallas and joined the firm’s national forensic accounting and litigation support practice.
B. Riley Financial and its retail liquidation affiliate were retained to assist in the restructuring and store rationalization of SALAMANDER in connection with the European shoe retailer’s recent insolvency.
B. Riley Financial, a diversified financial services platform, acquired the corporate division of Farber Group, a Toronto-based restructuring and business advisory firm. In connection with the acquisition, Farber’s corporate division will become part of B. Riley Advisory Services.
Pathlight Capital closed a $78.3 million upsize to the existing senior secured term loan credit facility to an SPV majority owned by a subsidiary of B. Riley Financial to support an incremental purchase of a portfolio of performing receivables from W.S. Badcock.
B. Riley Securities, an investment bank and subsidiary of B. Riley Financial, added a team of nine healthcare and life sciences professionals from Huron Transaction Advisory, including James Metcalf and Benjamin Matz.
Pathlight Capital is serving as the administrative agent on a $148.2 million senior secured term loan credit facility to an SPV majority owned by a subsidiary of B. Riley Financial to support the acquisition of a portfolio of performing receivables from W.S. Badcock Corporation.
B. Riley Financial, a diversified provider of business advisory and financial services, earned multiple awards at the 14th Annual Turnaround Atlas Awards.
FaZe Clan, an interactive lifestyle and media brand rooted in gaming and youth culture, completed its business combination with B. Riley Principal 150 Merger Corp., a special purpose acquisition company sponsored by an affiliate of B. Riley Financial.
Timothy J. Shilling joined B. Riley Financial as executive vice president of B. Riley Retail Solutions. In this role, Shilling will work in close partnership with the executive leadership team to execute the firm’s strategy and growth across the retail sector.