Summary
According to the report, B. Riley has been a long-term client of Kahn and assisted him in leading a management buyout of Franchise Group. Nomura, a major Japanese financial group, also led a lending syndicate of $600 million to help finance Kahn’s takeover.
Key Points
1. Kahn has been a longstanding client of B. Riley and the bank has assisted him in leading a management buyout of Franchise Group, a retail company based in Delaware, Ohio.
2. Nomura, a major Japanese financial group, has led a $600 million lending syndicate for B. Riley to help finance Kahn’s takeover of Franchise Group.
3. Loan documents have been cited in the report to support the information about Nomura’s involvement in financing Kahn’s takeover.