B. Riley Securities Advises YZY Fragrances on Recapitalization by Boyne Capital
January 8, 2026
Source: B. Riley Securities, Inc.
January 8, 2026 - B. Riley Securities, Inc. (“BRS”) is proud to have served as sell-side advisor to YZY Fragrances (“YZY”) in its successful recapitalization by Boyne Capital. This strategic transaction positions YZY for continued growth and operational expansion, leveraging Boyne Capital’s resources and industry expertise as a new capital partner.
Founded in 1986, YZY is a manufacturer and distributor of perfumes and colognes serving wholesalers and a wide range of retailers across North America. As a family-owned and operated business with products proudly marketed as “Made in the U.S.A.,” YZY fragrances and colognes are designed, bottled, packaged and distributed from YZY’s headquarters and manufacturing facilities in Florida.
Boyne Capital is a private investment firm focused on partnering with growth-oriented companies to accelerate strategic initiatives and long-term value creation.
The B. Riley Securities team guided YZY through a comprehensive advisory process, helping optimize transaction structure, maximize value, and align stakeholders’ interests. This engagement reflects BRS’ experience advising family and founder-owned businesses across industries and commitment to delivering tailored strategic solutions to clients.
The transaction was led by Matt Spain with support from Joseph Brown as part of the broader deal team.
About B. Riley Securities
BRS provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Services include initial, secondary, and follow-on offerings, debt and equity-linked solutions, institutional private placements, merger and acquisition (M&A) advisory, corporate restructuring, and liability management. Widely recognized for its thematic proprietary equity research, clients benefit from BRS' extensive network, industry expertise, and proven execution capabilities through its end-to-end platform. For more information, visit www.brileysecurities.com. Follow us on LinkedIn.
Founded in 1986, YZY is a manufacturer and distributor of perfumes and colognes serving wholesalers and a wide range of retailers across North America. As a family-owned and operated business with products proudly marketed as “Made in the U.S.A.,” YZY fragrances and colognes are designed, bottled, packaged and distributed from YZY’s headquarters and manufacturing facilities in Florida.
Boyne Capital is a private investment firm focused on partnering with growth-oriented companies to accelerate strategic initiatives and long-term value creation.
The B. Riley Securities team guided YZY through a comprehensive advisory process, helping optimize transaction structure, maximize value, and align stakeholders’ interests. This engagement reflects BRS’ experience advising family and founder-owned businesses across industries and commitment to delivering tailored strategic solutions to clients.
The transaction was led by Matt Spain with support from Joseph Brown as part of the broader deal team.
About B. Riley Securities
BRS provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Services include initial, secondary, and follow-on offerings, debt and equity-linked solutions, institutional private placements, merger and acquisition (M&A) advisory, corporate restructuring, and liability management. Widely recognized for its thematic proprietary equity research, clients benefit from BRS' extensive network, industry expertise, and proven execution capabilities through its end-to-end platform. For more information, visit www.brileysecurities.com. Follow us on LinkedIn.
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