Sidley Austin LLP and Sheppard, Mullin, Richter and Hampton LLP served as legal counsel to FocalPoint. Sullivan & Cromwell LLP acted as legal counsel to B. We are thrilled to take this next step and look forward to the next chapter with B. Added co-founder Duane Stullich, "This transaction brings more breadth and depth to our teams in M&A, debt capital markets, and financial restructuring while maintaining the entrepreneurial and collegial culture that has made FocalPoint a success."Īccording to Rajesh Sood, Managing Partner of FocalPoint, "The combination will allow us to provide greater opportunities for our people and provide our clients with access to meaningfully more products and services. We have grown tremendously over the last 20 years and believe we will be able to compete even more aggressively in the marketplace going forward," said Nishen Radia, co-founder of FocalPoint. Riley team has been building and are thrilled to now become an integral part of it. "We've long admired the unique platform the B. We could not be more excited to welcome the FocalPoint team to B. With both companies having started off around the same time, in the same area of Southern California, and building meaningful niches within our industries, this deal carries special significance for me. This combination builds on our long and successful track record of acquiring and integrating other complementary businesses that can provide us with additional scale and capabilities to expand our small and middle market leadership. Riley Financial, said: "FocalPoint is a world class firm known for its ability to handle complex deals with speed, accuracy, and quality. This combination provides strategic and financial sponsor clients with access to both firms' proven execution capabilities and a full suite of end-to-end services from a single platform.īryant Riley, Chairman and Co-Chief Executive Officer of B. Riley's stated intent to expand capabilities in M&A advisory and fixed income. Riley and FocalPoint builds upon the momentum and proven execution capabilities of both firms and is in line with B. The firm includes approximately 50 investment banking professionals with deep industry specialization in high-growth sectors such as aerospace and defense (A&D), industrials, business services, consumer, healthcare, and technology/media/telecom (TMT). ![]() Riley's pro forma M&A advisory business, while significantly enhancing its debt capital markets and financial restructuring capabilities.įounded in 2002, FocalPoint specializes in mergers and acquisitions (M&A), private capital advisory, financial restructuring, and special situation transactions. The combination is expected to more than quadruple B. The transaction, which will create revenue synergies for both companies, comes as FocalPoint is experiencing significant momentum with $17 billon in closed transactions spanning a successful 20-year history. ![]() Riley" or the "Company"), a diversified provider of business advisory and financial services, today announced it has agreed to acquire FocalPoint Securities, LLC, a leading independent investment bank based in Los Angeles, for total consideration of up to $175 million. RILEY FINANCIAL ANNOUNCES ACQUISITION OF FOCALPOINT SECURITIES, LLC, A LEADING MIDDLE MARKET M&A ADVISORY INVESTMENT BANK SWFI is a minority-owned organization.This might be a nothing burger or another 'cohencidence'.ī. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. All material subject to strictly enforced copyright laws. No affiliation or endorsement, express or implied, is provided by their use. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. ![]() © 2008-2023 Sovereign Wealth Fund Institute.
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