LOS ANGELES, Nov. 18, 2020 /PRNewswire/ -- B.
Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the
"Company"), a leading business advisory and financial services
company, today announced the launch of B. Riley Financial Sponsors
Group. The team will focus on developing and maintaining
relationships with alternative capital managers, including private
equity firms, family offices, sovereign wealth, credit funds and
hedge funds. Dan Kraft and
Tim Bottrell recently joined B.
Riley to lead the group as Co-Directors of Financial Sponsors
Coverage.
"The launch of our Financial Sponsors Group is a key milestone
for B. Riley enabling us to dedicate the right resources to drive
value for middle market sponsors and alternative capital managers.
With each assignment, we will deliver the broad service offering
and benefits of B. Riley Financial," said Tom Kelleher, co-Chief Executive Officer, B.
Riley Financial. "We're thrilled to have Dan and Tim leading the
effort. Their deep relationships and expertise will help ensure
we're delivering superior results to our clients."
In their new roles, Dan and Tim will be focused on developing
relationships with sponsors, collaborating with B. Riley Senior
Management and coordinating with personnel who routinely interact
with sponsors.
"I'm excited to be a part of a firm with so much to offer," said
Mr. Kraft. "I look forward to bringing B. Riley's robust range of
capabilities to the sponsor community."
"I'm thrilled to support the Company's rapid growth with a
creative and differentiated approach that will help the firm
continue to expand and strengthen its sponsor relationships," said
Mr. Bottrell.
Mr. Kraft joins the firm with over seven years of investment
banking experience where most recently he served as a Vice
President in the Financial Sponsors Group at J.P. Morgan. During
his tenure, Dan assisted with dozens of M&A advisory
assignments, debt and equity capital fundraises for both public and
private companies. Earlier in his career, he was at Bank of America
serving large-cap investment grade clients. Dan holds a BS in
Finance and Economics from The University of
New Hampshire. He will be based in B. Riley's Los Angeles office.
Mr. Bottrell comes aboard from Goldman Sachs' Global Markets
Division where he led the Multi-Asset Originations effort. During
his tenure, he originated dozens of public and private investment,
lending, and co-investment opportunities across Investment Banking,
Merchant Banking, Private Wealth Management and Global Markets. Tim
began his career at Bloomberg LP, where he was an original member
of the Bloomberg Mandates platform. He holds a BS in Economics from
Rutgers University and will be based in
B. Riley's New York office.
About B. Riley Financial, Inc.
B. Riley Financial
(NASDAQ: RILY) provides collaborative financial services solutions
tailored to fit the capital raising, business, operational, and
financial advisory needs of its clients and partners. B. Riley
operates through several subsidiaries that offer a diverse range of
complementary end-to-end capabilities spanning investment banking
and institutional brokerage, private wealth and investment
management, corporate advisory, restructuring, due diligence,
forensic accounting and litigation support, appraisal and
valuation, and auction and liquidation services. Certain registered
affiliates of B. Riley originate and underwrite senior secured
loans for asset-rich companies. B. Riley also makes proprietary
investments in companies and assets with attractive return
profiles. For the latest Company news and developments, follow B.
Riley on Twitter @BRileyFinancial and LinkedIn. For more
information about B. Riley, visit our website at
www.brileyfin.com.
Forward-Looking Statements
Statements in this press
release that are not descriptions of historical facts are
forward-looking statements that are based on management's current
expectations and assumptions and are subject to risks and
uncertainties. If such risks or uncertainties materialize or such
assumptions prove incorrect, our business, operating results,
financial condition, and stock price could be materially negatively
affected. You should not place undue reliance on such
forward-looking statements, which are based on the information
currently available to us and speak only as of the date of this
press release. Factors that could cause such actual results to
differ materially from those contemplated or implied by such
forward-looking statements include, without limitation, the risks
associated with the unpredictable and ongoing impact of the
COVID-19 pandemic and other risks described from time to time in B.
Riley Financial, Inc.'s periodic filings with the SEC, including,
without limitation, the risks described in B. Riley Financial,
Inc.'s Annual Report on Form 10-K for the year ended December 31, 2019, and Quarterly Report on Forms
10-Q for the quarters ended March 31,
2020, June 30, 2020, and
September 30, 2020 under the captions
"Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations." These factors
should be considered carefully, and readers are cautioned not to
place undue reliance on such forward-looking statements. All
information is current as of the date this press release is issued,
and B. Riley Financial, Inc. undertakes no duty to update this
information.
Contacts
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Investor
Relations
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Media
Relations
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Brad
Edwards
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Scott
Cianciulli
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ir@brileyfin.com
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press@brileyfin.com
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(818)
746-9310
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(212)
739-6753
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SOURCE B. Riley Financial