Brendon
Philipps joins B. Riley Securities from Guggenheim to Lead
the Firm's Capital Structure Advisory and Liability Management
Efforts
LOS
ANGELES, Sept. 23, 2024 /PRNewswire/ -- B. Riley
Securities, a leading middle market investment bank and subsidiary
of B. Riley Financial (Nasdaq: RILY), today announced the addition
of Brendon Philipps as a Managing
Director where he will lead the firm's Capital Structure Advisory
and Liability Management efforts.
"We are excited to welcome Brendon and his expertise to our
team," said Andy Moore, CEO of B.
Riley Securities. "Companies across the middle market are looking
for help navigating a complex capital environment where the pace of
restructurings is accelerating. Brendon brings deep experience
advising companies through this environment and will be an
invaluable resource to our go-forward strategy."
"I am thrilled to join the B. Riley Securities team and look
forward to expanding its product offerings and robust investment
banking platform," said Philipps. "I believe there are
meaningful opportunities, especially in the current
economic climate, for companies, creditors and sponsors to
maximize value through capital structure optimization."
Philipps is a leading capital advisory and restructuring
professional with nearly 15 years supporting and executing complex
transactions, including in- and out-of-court restructurings, debt
amendments, debt and equity capital raises, and 363 auctions. Prior
to joining B. Riley, Philipps served as a Managing Director at
Guggenheim Partners for the past five years. While at Guggenheim,
Phillipps served as lead banker on the recent restructuring of
Robertshaw, a major precedent setting case for sponsor-backed
liability management transactions in the Southern District of
Texas. He previously worked in the
Special Situations practice at KLS Diversified Asset Management and
the Restructuring practices of Millstein & Co. and
Rothschild.
Philipps holds an MBA from the Tepper School of Business of
Carnegie Mellon University and a BA in
Economics from the University of California,
Santa Cruz.
For more information about B. Riley Securities, visit
www.brileysecurities.com.
About B. Riley Securities
B. Riley has served as a
preeminent fixture in small and middle market brokerage and
investment banking for over 25 years. We provide a full suite of
investment banking and capital markets services to companies,
financial sponsors, and institutional investors across all industry
verticals. Investment banking services include initial, secondary
and follow-on offerings, institutional private placements, merger
and acquisition (M&A) advisory, SPACs, corporate restructuring
and recapitalization. Widely recognized for our thematic
proprietary equity research, clients benefit from B. Riley's
extensive network, industry expertise, and proven execution
capabilities of our end-to-end financial services platform. Please
see disclosures about B. Riley Securities
Research here. B. Riley Securities is a subsidiary of
B. Riley Financial (Nasdaq: RILY).
About B. Riley Financial
B. Riley Financial is a
diversified financial services platform that delivers tailored
solutions to meet the strategic, operational, and capital needs of
its clients and partners. B. Riley leverages cross-platform
expertise to provide clients with full service, collaborative
solutions at every stage of the business life cycle. Through its
affiliated subsidiaries, B. Riley provides end-to-end financial
services across investment banking, institutional brokerage,
private wealth and investment management, financial consulting,
corporate restructuring, operations management, risk and
compliance, due diligence, forensic accounting, litigation support,
appraisal and valuation, auction, and liquidation services. B.
Riley opportunistically invests to benefit its shareholders, and
certain affiliates originate and underwrite senior secured loans
for asset-rich companies. B. Riley refers to B. Riley Financial,
Inc. and/or one or more of its subsidiaries or affiliates. For more
information, please visit
www.brileyfin.com.
Contacts
Investors
ir@brileyfin.com
Media
press@brileyfin.com
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SOURCE B. Riley Financial, Inc.
