GA Group Expands Its Portfolio with a New Acquisition
Great American Holdings, LLC, commonly known as GA Group, is taking significant strides in the financial services sector by acquiring Risk Solutions International (RSI). This well-planned move reflects GA Group’s dedication to enhancing its advisory and risk management capabilities for its esteemed clientele.
Understanding the Acquisition of Risk Solutions International
RSI specializes in providing consulting and advisory services that focus on managing risk and enhancing resilience for businesses and C-suite executives. Their expertise is crucial for businesses navigating today's unpredictable landscape.
The merger of RSI’s specialized knowledge into GA Group’s extensive service offerings presents a comprehensive solution for enhancing both financial health and operational resilience. This integration empowers clients to safeguard their assets and proactively address potential vulnerabilities.
Dan Shribman, the Chief Executive Officer of GA Group, emphasized the importance of such integrations in the current environment where risks are ever-evolving. He stated that the collaboration with RSI would foster an end-to-end platform that instills security and confidence for clients.
Duane Lohn, Senior Managing Director at RSI, expressed enthusiasm about joining forces with GA Group. He highlighted the opportunity to expand RSI’s reach and services, benefiting from GA Group’s extensive global network and marketplace presence. The global footprint of RSI, characterized by its strong partnerships, adds considerable value to GA Group.
The Launch of a New Direct Lending Platform
In conjunction with the acquisition, GA Group is proud to announce the launch of its direct lending platform, Great American Capital Corporation, LLC (GACC). To lead this new venture, Eran Cohen has been appointed as President and Chief Investment Officer.
Eran's role will include strategic direction, management of loan originations, and the enhancement of GACC's lending capabilities. This initiative signifies GA Group's commitment to offering mid-market companies tailored capital solutions to support their growth during complex development phases.
GACC aims to facilitate financing solutions by providing various types of capital, ranging between $20 million and $100 million per transaction. The intention is to collaborate with traditional asset-based lending communities to supplement their existing services.
Eran Cohen: A Key Addition to the Team
Eran Cohen brings over 30 years of industry experience, specifically in structured finance. His impressive background includes leading roles at well-known finance firms, where he intricately understood the dynamics of lending and risk associated with different sectors.
His previous position as Managing Director at a $6 billion direct lending platform underscores his capability and proficiency in managing diverse debt and equity investments. His substantial background at Wells Fargo Capital Finance highlights a successful career guiding the Central U.S. Asset Based Lending team, focusing on strategic financing opportunities.
Now, at GA Group, Eran is poised to leverage this wealth of experience to shape a responsive and innovative private credit platform that addresses the needs of middle-market companies.
About GA Group
GA Group stands out as a privately held global firm dedicated to serving clients with a wide range of tailored solutions. With extensive expertise in advisory and valuation services, GA Group has established a notable reputation for monetizing, lending against, and acquiring assets, regardless of whether they originate from healthy or distressed companies.
The firm celebrates half a century of customer service, supported by over 100 years of combined leadership experience in the industry. With the backing of funds managed by Oaktree Capital Management, L.P., GA Group is well-positioned to navigate challenges and create innovative solutions for its clients.
Frequently Asked Questions
What is the primary focus of the acquisition of Risk Solutions International?
The acquisition aims to enhance GA Group's risk management and advisory services, providing a comprehensive solution for financial health and operational resilience.
Who is leading Great American Capital Corporation (GACC)?
Eran Cohen has been appointed as the President and Chief Investment Officer of GACC, overseeing the lending platform's strategic direction and operations.
What types of financing solutions will GACC offer?
GACC will offer financing solutions ranging from $20 million to $100 million, including senior, junior, and unitranche capital.
What experience does Eran Cohen bring to GA Group?
Eran Cohen has over 30 years of experience in structured finance, with leadership positions in various lending platforms and a strong track record in asset-based lending.
What services does GA Group provide?
GA Group offers advisory services, valuation, asset monetization, and lending solutions, catering to both healthy and distressed businesses across diverse sectors.
