M&A Deal Summary

B. Riley Financial Acquires 272 Capital - Investment Advisory Business

On August 4, 2021, B. Riley Financial acquired business services company 272 Capital - Investment Advisory Business from 272 Capital

Acquisition Highlights
  • This is B. Riley Financial’s 2nd transaction in the Business Services sector.
  • This is B. Riley Financial’s 6th transaction in the United States.
  • This is B. Riley Financial’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-08-04
Target 272 Capital - Investment Advisory Business
Sector Business Services
Buyer(s) B. Riley Financial
Sellers(s) 272 Capital
Deal Type Divestiture

Target

272 Capital - Investment Advisory Business

Dallas, Texas, United States
272 Capital's Investment Advisory Business provides a fundamental research approach to long/short investment thesis, specializing in small-cap equity securities.

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Buyer(S) 1

Buyer

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 6 of 12
Sector (Business Services) 2 of 4
Type (Divestiture) 1 of 1
State (Texas) 1 of 2
Country (United States) 6 of 11
Year (2021) 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-19 Targus

Anaheim, California, United States

Targus is a provider of quality and innovative mobile computer accessories, cases, and bags. Targus was formed in 1983 and is based in Anaheim, California.

Buy $250M

Seller(S) 1

SELLER

272 Capital

Dallas, Texas, United States
Category Company
Sector Business Services
DESCRIPTION

272 Capital is an investment management firm and registered investment advisor that seeks to provide attractive risk-adjusted returns through a long/short equity strategy with low net exposure. The firm primarily invests in U.S. publicly traded equity securities and employs a rigorous bottom-up fundamental research investment process. 272 Capital is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

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