B. Riley Financial’s Acquisition of FocalPoint Securities

Sidley advised FocalPoint Securities, LLC on the deal.

FocalPoint Securities, LLC announced its acquisition by B. Riley Financial (NASDAQ: RILY) for total consideration of up to US$175 million. Founded in 2002, FocalPoint focuses on mergers and acquisitions, private capital advisory, financial restructuring, and special situation transactions. The firm includes approximately 50 investment banking professionals with deep industry specialization in high-growth sectors, such as aerospace and defense, industrials, business services, consumer, healthcare, and technology/media/telecom. B. Riley Financial provides collaborative solutions tailored to fit the capital-raising and business advisory needs of its clients and partners, and operates through several subsidiaries that offer a diverse range of end-to-end capabilities spanning investment banking and institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services.

The Sidley team is being led by David Grinberg (Picture) and Payom Pirahesh (M&A and Private Equity), and includes Avni P. Mehta, David A. Azcarraga, and Mariana Orbay (M&A and Private Equity); Michael Heinz (Capital Markets); Eric M. Winwood and Li Wang (Employee Benefits and Executive Compensation); Katherine A. Roberts (Labor and Employment); Mark Prior (Privacy and Cybersecurity); Rachel D. Kleinberg and Alison Appleby (Tax); Rachelle Soderstrom (Technology and IP Transactions); and John I. Sakhleh (Securities Enforcement and Regulatory).

Involved fees earner: Alison Appleby – Sidley Austin LLP; David Azcarraga – Sidley Austin LLP; David Grinberg – Sidley Austin LLP; Michael Heinz – Sidley Austin LLP; Rachel D. Kleinberg – Sidley Austin LLP; Avni Mehta – Sidley Austin LLP; Payom Pirahesh – Sidley Austin LLP; Mark Prior – Sidley Austin LLP; Katherine Roberts – Sidley Austin LLP; John Sakhleh – Sidley Austin LLP; Rachelle Soderstrom – Sidley Austin LLP; Li Wang – Sidley Austin LLP; Eric Winwood – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: FocalPoint Securities;

Martina Bellini

Author: Martina Bellini