Business
B. Riley Receives Multiple Honors at 2021 Turnaround Atlas Awards
Corporate Finance and Restructuring Professionals Recognized for Best Value-Creating Transactions LOS ANGELES, June 29, 2021 /PRNewswire/ -- B. Riley
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[{"type":"text","content":"Corporate Finance and Restructuring Professionals Recognized for Best Value-Creating Transactions\n\n\nLOS ANGELES, June 29, 2021 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY), a diversified provider of business advisory and financial services, today announced it received multiple awards at the 13th Annual Turnaround Atlas Awards, hosted by Global M&A Network on June 24 and 25, 2021.\n\n \n \n \n \n \n \n\n \nB. Riley's Corporate Finance and Restructuring Professionals Recognized for Best Value-Creating TransactionsTom Kelleher, Co-Chief Executive Officer of B. Riley Financial commented: \"These awards demonstrate our unwavering commitment to our clients and our platform's ability to deliver our clients with end-to-end restructuring and turnaround services. We congratulate and join in celebrating our talented restructuring professionals for their continued recognition.\"\nB. Riley's corporate finance and restructuring professionals were recognized in several categories for the best value-creating transactions, including:\nCross-Border Special Situation M&A Deal of the Year (mid-market): Gold's Gym acquisition by RSG GroupB. Riley Advisory Services was financial advisor to the gym franchise chain throughout its restructuring process and ultimate acquisition by a global fitness and lifestyle brand operator. Mark Shapiro led the engagement.\ne-Commerce Restructuring of the Year: RTW Retailwinds sale of e-Commerce assets to Saadia GroupB. Riley Securities served as investment bank and led the sale process for this specialty apparel retail platform's e-commerce business. The engagement team was led by Perry Mandarino and Gideon Rosenbaum.\nChapter 11 Liquidation of the Year: Rochester Drug CooperativeB. Riley Advisory Services was financial advisor to the Official Committee of Unsecured Creditors and the Liquidating Trustee throughout the Chapter 11 and ongoing post confirmation process of a large distributor of pharmaceutical supplies. The engagement team included Tom Buck, David Greenblatt, Craig Jacobson and Wayne Weitz.\nCorporate Turnaround of the Year (mid-market): CARBO Ceramics restructuringB. Riley Advisory Services was financial advisor to the Official Committee of Unsecured Creditors and Liquidating Trustee throughout the restructuring process of this global technology company. The engagement team included Scott ...