LOS
ANGELES, Sept. 13, 2023 /PRNewswire/ -- B. Riley
Securities, a leading middle market investment bank and
subsidiary of B. Riley Financial (Nasdaq: RILY), today announced
the addition of experienced consumer investment banker,
Michael Devitt as a Managing
Director based in the firm's Greenbrae, San
Francisco office.
Michael
Devitt joins B. Riley Securities as a Managing Director in
the firm's Consumer Investment Banking group.
"Michael has been a trusted advisor to high growth consumer
brands, marketplaces, and eCommerce platforms on innovative
strategic and capital raising initiatives for over 17 years. He
brings significant industry and transactional experience across
consumer public and private companies, and his addition represents
a major step in extending our best-in-class middle market
investment banking platform," said Andy
Moore, CEO of B. Riley Securities.
Devitt has led transactions for a number of high-profile public
and private brands across the consumer sector. His vast investment
banking experience spans domestic and cross-border M&A, IPOs,
follow-ons, SPAC combinations, investment grade and high-yield
debt, in addition to private capital markets.
He most recently led coverage of the omnichannel,
direct-to-consumer, and marketplace business sectors as a Managing
Director with TD Cowen. Previously, Devitt helped lead west coast
Retail and eCommerce vertical coverage as part of the retail
investment banking group at Credit Suisse Securities where he was
based in their London,
New York, and San Francisco offices.
"B. Riley's rapid growth in recent years shares many
similarities with that of my high growth clients. I could not be
more thrilled to join this established yet innovative and
disruptive platform. I look forward to collaborating with my
new teammates and contributing to the firm's continued success,"
commented Devitt.
Devitt earned his BS from Cornell
University with a concentration in industrial and labor
relations.
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.
Media Contact
Jo Anne
McCusker
B. Riley Financial, Inc.
press@brileyfin.com
(646) 885-5425
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SOURCE B. Riley Financial