B. Riley Financial Announced It Led The Equity Financing To Facilitate The $2.8B Management-led Acquisition Of Franchise Group Which Was Completed On August 21, 2023
Portfolio Pulse from Benzinga Newsdesk
B. Riley Financial led the equity financing for the $2.8B management-led acquisition of Franchise Group, investing $216.5 million of new capital. Other investors contributed approximately $280 million. The consortium has acquired all the outstanding and issued common and preferred stock of FRG.
August 28, 2023 | 10:36 am
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B. Riley Financial's significant investment in the acquisition of Franchise Group could impact its short-term liquidity but may provide long-term growth opportunities.
B. Riley Financial's substantial investment in the acquisition could potentially strain its short-term liquidity. However, the acquisition could also provide significant long-term growth opportunities, depending on the performance of Franchise Group.
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