B. Riley & Co. Acts as Exclusive Financial Advisor to Gracious Home in its Chapter 11 Bankruptcy Proceeding
July 17 2017 - 4:30PM
B. Riley & Co., LLC (“B. Riley”), a full-service investment
bank and a wholly-owned subsidiary of B. Riley Financial, Inc.
(NASDAQ:RILY), acted as the exclusive financial advisor to Gracious
Home (the “Company”), a luxury home retailer, in connection with
its Chapter 11 bankruptcy proceeding.
In addition to assisting with the sale of substantially all of
the Company’s assets to NEWGH, LLC, B. Riley helped the Company to
secure a DIP facility from Gracious Home Lending, LLC, a special
purpose vehicle formed by JMB Capital. The sale closed on July 3,
2017.
B. Riley’s deal team was led by Perry Mandarino and Adam Rosen.
Trenk, DiPasquale, Della Ferra and Sodono served as legal counsel
to the Company.
About Gracious Home
Founded in 1963, Gracious Home began as a small neighborhood
hardware store on Manhattan’s Upper East Side. Today, the Gracious
Home operates a housewares and home furnishings business at various
locations. Gracious Home offers a wide range of customized products
and services, including personal shopping, corporate and bridal
gifts, decorative hardware, lighting and plumbing, key making,
knife sharpening, lamp re-wiring, vacuum repairs and custom window
treatments. For more information, visit www.gracioushome.com.
About B. Riley & Co.
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.
B. Riley Financial, Inc. is a publicly traded, diversified
financial services company which takes a collaborative approach to
the capital raising and financial advisory needs of public and
private companies and high net worth individuals. The Company
operates through several wholly-owned subsidiaries,
including B. Riley & Co.,
LLC (www.brileyco.com), FBR Capital Markets & Co.
(www.fbr.com), Wunderlich Securities, Inc.
(www.wunderlichonline.com), Great American Group,
LLC (www.greatamerican.com), and B. Riley Capital
Management, LLC (which includes B. Riley Asset Management
(www.brileyam.com), B. Riley Wealth Management
(www.brileywealth.com), and Great American Capital Partners, LLC
(www.gacapitalpartners.com)). The Company also makes
proprietary investments in other businesses, such as the
acquisition of United Online, Inc. (www.untd.com)
in July 2016, where B. Riley Financial, Inc. is
uniquely positioned to leverage its expertise and assets in order
to maximize value.
Media Contact
Perry Mandarino
pmandarino@brileyco.com
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