Investment Summary

B. Riley Financial Invests In Franchise Group

On February 14, 2020, B. Riley Financial invested in consumer services company Franchise Group

Investment Highlights
  • This is B. Riley Financial’s 1st transaction in the Consumer Services sector.
  • This is B. Riley Financial’s 4th transaction in the United States.
  • This is B. Riley Financial’s 1st transaction in Virginia.

Investment Summary

Date 2020-02-14
Target Franchise Group
Sector Consumer Services
Investor(s) B. Riley Financial
Deal Type Stake Purchase

Target

Franchise Group

Milpitas, Virginia, United States
Franchise Group is a growing North American tax preparation company with over 2,800 stores open in the U.S. and Canada during the 2008 tax season. Franchise Group was founded in 2010 and is based in Milpitas, California.

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Investor(S) 1

Investor

B. Riley Financial

Los Angeles, California, United States

Category Company
Founded 1973
Sector Financial Services
Employees2,383
Revenue 1.6B USD (2023)
DESCRIPTION

B. Riley Financial is a provider of financial and business advisory services. B. Riley Financial was incorporated in 1973 and is based in Los Angeles, California.


DEAL STATS #
Overall 4 of 12
Sector: Consumer Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 4 of 11
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 magicJack

West Palm Beach, Florida, United States

magicJack is a provider of carrier-class voice over Internet protocol (VoIP) and convergence solutions for fixed and wireless communication service providers. The Company’s main product offering, the magicJack, provides a low-cost alternative to consumers and businesses seeking additional phone lines or local carrier alternatives. magicJack was established in 1989 and is based in West Palm Beach, Florida.

Buy $143M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 National Holdings

New York, New York, United States

National Holdings Corp. is a full-service investment banking and asset management firm that, through its affiliates, provides a range of services, including independent and employee-managed retail brokerage and advisory services, investment banking, institutional sales and trading, equity research, financial planning, market-making, tax preparation, and insurance to corporations, institutions, high net-worth, and retail investors. With over 1,000 advisors, registered representatives, traders, sales associates, and corporate staff, National Holdings operates through various subsidiaries including National Securities Corporation, National Asset Management, Inc., National Insurance Corporation, National Tax and Financial Services, Inc. (formerly Gilman Ciocia, Inc.), GC Capital Corporation, the Winslow, Evans & Crocker entities and the United Advisors entities. Formed as a holding company in 1996, National Holdings' largest subsidiary, National Securities Corp., has been in business since 1947. National Holdings is headquartered in New York and Florida.

Buy -