Houlihan Lokey served as financial adviser to FocalPoint. 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. This company provides Investment banking along with other financial services. Riley’s stated intent to expand capabilities in M&A advisory and fixed income. Nishen Radia is managing partner and co-founder of FocalPoint Partners, a leading investment bank headquartered in Los Angeles, with branch offices in Chicago, New York, and. 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 Financial has agreed to acquire FocalPoint Securities, LLC, a leading independent investment bank based in Los Angeles, for total consideration of up to $175 million. Over the course of his 15-year career, Connor has advised clients across the most active Human Capital and Professional Services sub-sectors, including Professional Staffing, Healthcare Staffing, Consulting and Business Process Outsourcing.B. During his tenure, he co-founded and expanded FocalPoint’s Chicago office. Perspectives – Marc Cooper – April 2023 April 13, 2023Ĭonnor joined Solomon after 11 years at FocalPoint Partners where he was a Managing Director in their Business Services practice.Industry Q&A – Marc Cooper with Larry Gelwix and Kent Fisher May 18, 2023.Solomon Partners Launches Technology Investment Banking Group With Hiring of Joseph Watson March 6, 2023.Craig Muir Joins Solomon Partners as Head of Software, Data and Analytics June 1, 2023.Mark Boidman Comments on Streaming Platforms’ Race Towards Capturing Broadcast & Cable TV’s Multibillion Dollar US Ad Bucket May 25, 2023.Mark Boidman Predicts That Bundling Will Become a Key Theme as Streaming Services Push for Profitability June 1, 2023 Nishen Radia is a managing partner of FocalPoint Partners, an independent investment bank focused on M&A and financing transactions for middle- market companies.AV Action Report: May 2023 May 31, 2023. Retail Media Networks: A Boon to Digital Signage June 1, 2023.
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