B. Riley Financial Leads Financing for Management Buyout of Franchise Group

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.

August 28, 2023 B. Riley Financial | Brian Kahn | Bryant Riley | Franchise Group | Sullivan & Cromwell Ian Koplin

Deutsche Bank Supports Bain Capital Private Equity’s Acquisition of Fogo de Chão

Fogo de Chão, a Brazilian steakhouse restaurant brand, entered into a definitive agreement to be acquired by Bain Capital Private Equity to accelerate growth and expansion. Deutsche Bank led debt financing for the transaction and is also serving as financial advisor to Bain Capital.

August 16, 2023 Adam Nebesar | Bain Capital Private Equity | Barry McGowan | Deloitte | Deutsche Bank | Eytan Tigay | Fogo de Chão | Kirkland & Ellis | Lucas Flynn | Mark Saadine | Morgan Stanley | PwC | Rhône Capital | Sullivan & Cromwell Ian Koplin

FTX Trading and Debtors File Initial Plan of Reorganization and Term Sheet

FTX Trading and its affiliated debtors filed an initial plan of reorganization and related term sheet with the U.S. Bankruptcy Court.

August 1, 2023 Alvarez & Marsal North America | FTX Trading | John J. Ray III | Landis Rath & Cobb | Perella Weinberg Partners | Quinn Emanuel Urquhart & Sullivan | Sullivan & Cromwell Ian Koplin

Banc of California to Merge with PacWest Bancorp

Banc of California signed a definitive merger agreement with PacWest Bancorp. The combined holding company and bank will operate under the Banc of California name and brand following closing of the transaction.

July 26, 2023 Banc of California | Centerbridge Partners | J.P. Morgan Securities | Jared Wolff | Jefferies | John Eggemeyer | Pacific Western Bank | PacWest Bancorp | Paul Taylor | Piper Sandler | Simpson Thacher & Bartlett | Skadden Arps Slate Meagher & Flom | Sullivan & Cromwell | Todd Schell | Wachtell Lipton Rosen & Katz | Warburg Pincus Ian Koplin

Oaktree Capital Management Provides $250MM Term Loan to RYAM

Rayonier Advanced Materials (RYAM), a producer of high-purity cellulose specialties and other sustainable materials, obtained $250 million in aggregate principal amount of secured term loan financing from funds managed by Oaktree Capital Management.

July 21, 2023 Brook Hinchman | De Lyle Bloomquist | Goldman Sachs | Oaktree Capital Management | Rayonier Advanced Materials | RBC Capital Markets | RYAM | Sullivan & Cromwell | Wachtell Lipton Rosen & Katz Phil Neuffer

Oaktree Capital Management Supplies $250MM in Debt Financing to Seres Therapeutics

Seres Therapeutics, a microbiome therapeutics company, entered into a new $250 million senior secured debt facility provided by funds managed by Oaktree Capital Management. Seres drew the first tranche of $110 million at closing, with three additional tranches available.

April 28, 2023 Aman Kumar | David Arkowitz | Latham & Watkins | Morgan Stanley | Oaktree Capital Management | Seres Therapeutics | Sullivan & Cromwell Ian Koplin

Sumitovant Biopharma Completes Acquisition of Myovant Sciences

Sumitovant Biopharma completed its acquisition of Myovant Sciences originally announced Oct. 23, 2022. Sumitovant has acquired all outstanding shares of Myovant not already owned by Sumitovant in an all-cash deal with a total transaction value of approximately $1.7 billion.

March 13, 2023 David Marek | Goldman Sachs | Hiroshi Nomura | J.P. Morgan Securities | Myovant Sciences | Myrtle Potter | Skadden Arps Slate Meagher & Flom | Sullivan & Cromwell | Sumitomo Pharma | Sumitovant Biopharma Ian Koplin

Provident Bank and Lakeland Bank to Combine in $1.3B Merger

Provident Financial Services, the parent company of Provident Bank, and Lakeland Bancorp, the parent company of Lakeland Bank, will combine in an all-stock merger valued at approximately $1.3 billion.

September 28, 2022 Anthony Labozzetta | Chris Martin | Keefe Bruyette & Woods | Lakeland Bancorp | Lakeland Bank | Luse Gorman | Piper Sandler | Provident Bank | Provident Financial Services | Sullivan & Cromwell | Thomas Lyons | Tom Shara Ian Koplin

B. Riley Financial Acquires FocalPoint Securities for $175MM

B. Riley Financial agreed to acquire FocalPoint Securities, an independent investment bank based in Los Angeles, for total consideration of up to $175 million.

January 19, 2022 B. Riley Financial | Bryant Riley | Duane Stullich | FocalPoint | Houlihan Lokey | Nishen Radia | Rajesh Sood | Sheppard Mullin Richter and Hampton | Sidley Austin | Sullivan & Cromwell Ian Koplin

Giuffra and Miller Become Co-Chairs of Sullivan & Cromwell

On Jan. 1, Robert J. Giuffra Jr. and Scott Miller became the co-chairs of law firm Sullivan & Cromwell. Giuffra and Miller have served as vice chairs of the firm since January 2021. They succeeded Joseph C. Shenker, the firm’s chair since 2010.

January 4, 2022 Joseph C. Shenker | Robert J. Giuffra Jr. | Scott Miller | Sullivan & Cromwell Ian Koplin