B. Riley Financial has formed Great American Capital Partners, LLC (GACP) in partnership with Corporate Capital Trust, a business development company advised by CNL Financial Advisors Company, and KKR Credit Advisors.
GACP will provide asset-based debt to lower middle market companies and will be led by John Ahn, President, and Stuart Armstrong, Chief Investment Officer. GACP will utilize B. Riley’s network of over 200 finance professionals for deal flow sourcing and in-house valuation and appraisals. Great American Group is headquartered in Los Angeles (www.greatamerican.com).
“GACP will provide debt capital to support the underserved middle market with non-traditional and opportunistic capital by leveraging B. Riley Financial’s origination platform to source proprietary transaction opportunities,” said John Ahn, President of GACP. “Additionally, our affiliate, Great American Group, gives us unmatched access to in-house, market leading appraisal and valuation expertise. This insight into asset and collateral values, combined with B. Riley & Co.’s equity research and capital market capabilities, will enable GACP to provide significant flexibility in lending structures.”
“We believe there’s tremendous opportunity to grow our asset management business further,” said Bryant Riley, Chairman and CEO of B. Riley Financial. “The addition of GACP, which includes a key investment from KKR’s Credit business, broadens B. Riley Financial’s robust financial service offerings and augments our goal of providing truly tailored and collaborative financial solutions.”
Riley & Co. provides corporate finance, research, sales and trading to corporate, institutional and high net worth individual clients. Investment banking services include merger and acquisitions advisory to public and private middle market companies, initial and secondary public offerings and institutional private placements. Founded in 1997, B. Riley is headquartered in Los Angeles and maintains offices in Newport Beach, San Francisco, Boston and New York (www.brileyco.com).
Great American Capital Partners is part of B. Riley Financial, Inc. (OTCQB: RILY) which provides financial services through several subsidiaries, including: B. Riley & Co. – an investment bank providing corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients; Great American Group – a provider of advisory and valuation services, asset disposition, auction, and commercial lending services; B. Riley Asset Management – a provider of investment products to institutional and high net worth investors; and MK Capital Advisors – a multi-family office practice and wealth management firm focused on the needs of ultra-high net worth individuals and families. B. Riley Financial is headquartered in Los Angeles with offices in major financial markets throughout the United States and Europe (www.brileyfin.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 4-20-15
