LOS ANGELES, Dec. 22, 2014 /PRNewswire/ -- Full service investment bank B. Riley & Co., LLC (B. RILEY), a wholly owned subsidiary of B. Riley Financial, Inc. (OTCBB: RILY), today announced that it has acted as sole book-running manager in an approximately $28.5 million underwritten public offering for Signature Group Holdings, Inc. (OTCBB: SGGH).
The offering, which consisted of 4,384,615 shares of common stock priced at $6.50 per share, closed December 19, 2014. B. RILEY's banking team consisted of Bryant Riley, chairman, and analyst Garret Orbach.
"We have been working with Signature Group Holding's management team for several years," said Mr. Riley, "and appreciate the opportunity to help with the company's capital raising needs as it positions itself for continued growth."
"The B. Riley team has been instrumental in securing institutional investors who understand our vision of growth through accretive acquisition," said Craig Bouchard, Chairman and CEO of Signature Group Holdings. "Their extensive relationships and flawless execution allowed us to attract blue chip value oriented investors. We are highly appreciative."
With headquarters in Sherman Oaks, California, Signature Group Holdings is a North America-based holding company which seeks to invest its capital in large, well-managed, consistently profitable businesses concentrated primarily in the U.S. industrial and commercial marketplace.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About B. Riley & Co., LLC
B. Riley & Co., LLC is a leading investment bank which provides corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients. Investment banking services include initial, secondary and follow-on offerings, institutional private placements, and merger and acquisitions advisory services. The firm is nationally recognized for its highly ranked proprietary equity research. B. Riley & Co., LLC is a member of FINRA and SIPC. For more information, please visit www.brileyco.com.
B. Riley & Co., LLC is a wholly owned subsidiary of B. Riley Financial, Inc. (OTCBB: RILY) which provides collaborative financial services and solutions through several subsidiaries which also include: Great American Group, LLC, a leading provider of advisory and valuation services, asset disposition and auction solutions, commercial lending and real estate advisory services; and B. Riley Asset Management, LLC a provider of investment products to institutional and high net worth investors. B. Riley Financial, Inc. is headquartered in Los Angeles with offices in major financial markets throughout the United States and Europe. For more information on B. Riley
Financial, Inc. please visit www.brileyfin.com.
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