B. Riley Financial to establish partnership with Oaktree in Great American Group Businesses
Acquiring Company
Oaktree Capital Management
Acquired Company
B. Riley Financial, Inc.
Los AngelesLos AngelesFinancial ServicesDescription
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.
Quick answer
Oaktree Capital Management is acquiring B. Riley Financial, Inc., announced October 14, 2024. Oaktree Capital Management is based in Los Angeles, California, United States.
- Who acquired B. Riley Financial, Inc?
- Oaktree Capital Management agreed to acquire B. Riley Financial, Inc. on October 14, 2024.
- How much did Oaktree Capital Management pay for B. Riley Financial, Inc?
- The deal value was not disclosed.
- What does Oaktree Capital Management do?
- Oaktree Capital Management is a leading global investment management firm specializing in alternative investments.
- Where are Oaktree Capital Management and B. Riley Financial, Inc. based?
- Oaktree Capital Management is based in Los Angeles, California, United States. B. Riley Financial, Inc. is based in Los Angeles, California, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired B. Riley Financial, Inc.?
B. Riley Financial, Inc. was acquired by Oaktree Capital Management, based in Los Angeles. The deal was reported on October 14, 2024. Oaktree Capital Management is a leading global investment management firm specializing in alternative investments. Oaktree Capital Management is privately held and operates in Financial Services.
When did Oaktree Capital Management acquire B. Riley Financial, Inc.?
Oaktree Capital Management's acquisition of B. Riley Financial, Inc. was reported on October 14, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does B. Riley Financial, Inc. do?
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. It is privately held, and is based in Los Angeles.
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