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B. Riley Acts as Exclusive Financial Advisor to Black Diamond Video

June 26, 2015, 07:36 AM
Filed Under: Manufacturing

B. Riley & Co. served as the exclusive financial advisor to Black Diamond Video, Inc. in its sale to STERIS Corporation, a leader in infection prevention, contamination control, surgical and critical care technologies.

"B. Riley's wealth of knowledge and professionalism was a key factor in the success of this merger," said Edward Priest, CEO and Co-Founder of Black Diamond Video. "Choosing the right investment bank with extensive experience in technology and medical industries was essential to achieving our goal. B. Riley's team proved to be invaluable as they guided us through the merger process, working diligently to engage with various strategic and private equity groups. B. Riley exceeded our expectations by obtaining a great valuation for our company with the right strategic partner for Black Diamond."

B. Riley also advised Black Diamond Video on a range of capital formation strategies, including shareholder recapitalization and establishing a senior credit facility. The transaction team was led by Salomon Kamalodine, John Ahn and Chris Sigala.

Black Diamond Video, based in Richmond, California, is a leading manufacturer and integrator of high-resolution, digital video processing solutions for mission-critical medical and commercial applications.

Black Diamond Video is a leading manufacturer and integrator of high-resolution digital video processing solutions for mission-critical medical, federal and commercial applications. The company manufactures a complete product line of 4K matrix switches, processors, scalers, signal conditioners, converters, extenders, system controllers, digital recorders, and H.264 streaming and conferencing technology.

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.

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