Houlihan Lokey Advises FocalPoint

Houlihan Lokey is pleased to announce that FocalPoint Securities, a leading independent investment bank based in Los Angeles, has been acquired by B. Riley Financial for total consideration of up to $175 million. The transaction, which will create revenue synergies for both companies, comes as FocalPoint is experiencing significant momentum, with $17 billion in closed transactions spanning a successful 20-year history. The combination is expected to more than quadruple B. Riley's pro forma M&A advisory business while significantly enhancing its debt capital markets and financial restructuring capabilities. The transaction closed in January 2022.

Founded in 2002, FocalPoint specializes in 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 (A&D), industrials, business services, consumer, healthcare, and technology/media/telecom (TMT).

B. Riley Financial (NASDAQ:RILY) provides collaborative solutions tailored to fit the capital raising and business advisory needs of its clients and partners. The company offers a diverse range of capabilities spanning investment banking and institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, and more.

The combination of FocalPoint and B. Riley builds upon the momentum and proven execution capabilities of both firms and is in line with B. Riley's stated intent to expand capabilities in M&A advisory and fixed income. This combination provides strategic and financial sponsor clients with access to both firms' proven execution capabilities and a full suite of end-to-end services from a single platform.

Houlihan Lokey acted as sellside advisor to FocalPoint, representing the firm's fifth deal announced in the space since November 2021.