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B. Riley Financial to establish partnership with Oaktree in Great American Group Businesses

Oct 14, 2024•about 1 year ago

Acquiring Company

Oaktree Capital Management

Acquired Company

B. Riley Financial

Financial Services

Description

B. Riley Financial, Inc. and funds managed by Oaktree Capital Management, L.P. have signed a definitive agreement to establish a partnership in Great American Holdings, LLC. The transaction involves internal reorganization and a contribution of interests by B. Riley to Great American NewCo, with B. Riley receiving total consideration of approximately $203 million in cash, Class B Preferred Units, and Class A Common Units. The transaction is expected to close in the fourth quarter of 2024.

Company Information

Company

Oaktree Capital Management

About

Oaktree Capital Management is a leading global investment management firm specializing in alternative investments. The firm primarily focuses on credit strategies and has a strong presence in various sectors including media. With a commitment to creating value, Oaktree has significant experience in mergers and acquisitions. The firm aims to drive growth and success in its portfolio companies.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed