Houlihan Lokey Launches Technology and Cybersecurity Practice Within Transaction Advisory Services; Stephen Lee Joins as a Managing Director to Lead New Service Offerings

Rhea-AI Summary

Houlihan Lokey (NYSE:HLI) has appointed Stephen Lee as Managing Director and Head of the new Technology and Cybersecurity practice within Transaction Advisory Services (TAS). Based in Chicago, Lee brings over 20 years of IT and industry experience, previously serving at KPMG as a national leader in technology diligence. This new service line aims to enhance the firm's advisory capabilities in technology and cybersecurity for financial sponsors and corporate clients. The move aligns with Houlihan Lokey's strategy to provide comprehensive services in financial and valuation advisory.

Positive

• Introduction of a new Technology and Cybersecurity practice, enhancing advisory services.
• Stephen Lee's extensive experience in IT and advisory services strengthens the firm's capabilities.
• Expansion of service offerings aligns with client demand for technology-related advisory.

Negative

• None.

CHICAGO--(BUSINESS WIRE)-- Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Stephen Lee has joined as a Managing Director and Head of the Technology and Cybersecurity practice, a new service line within Transaction Advisory Services (TAS). He is based in Chicago and will lead a team providing IT, product, and cybersecurity diligence on buyside and sellside engagements, as well as technology and security related advisory services to Houlihan Lokey’s financial sponsors and strategic/corporate clients.

Mr. Lee joins from KPMG, where he was a Managing Director in the Deal Advisory and Strategy – Technology Strategy Group, and served as the national pre-close and private equity technology leader for the past three years and served as the technology diligence lead for some of KPMG’s largest global private equity accounts on transactions ranging from early-stage startups to enterprise values up to $10 billion. Prior to KPMG, he was at West Monroe Partners, where he used his substantial technology and security background to bridge the gap between technology and business for corporates, as well as private equity firms and their portfolio companies. Mr. Lee began his career in the United States Air Force in 1999.

“With more than 20 years of delivering professional services and IT experience, including substantial industry experience in healthcare, industrials, TMT, financial services, and retail, Stephen is the perfect leader for this new service line in TAS,” said Sean Murphy, Head of Transaction Advisory Services at Houlihan Lokey.

“As we continue to expand and deepen our Financial and Valuation Advisory offerings most requested by clients, we look forward to the enhanced technology and cyber capabilities Stephen and his team will add to our advisory platform alongside our Financial Due Diligence and Accounting and Financial Reporting teams. This is consistent with our goal of providing a truly comprehensive, ‘one-stop’ service offering to our clients,” said Kreg Jackson, Global Co-Head of Financial and Valuation Advisory at Houlihan Lokey.

“Houlihan Lokey’s innate understanding of the modern-day significance of technology and cybersecurity to nearly every facet of business, set alongside its commitment to client service excellence and growth, is a very powerful value proposition for its corporate and financial clients,” said Mr. Lee. “I am honored to be leading this new practice in Transaction Advisory Services, and I’m excited to work with the firm’s clients across the globe to help them manage challenges and seize opportunities in the ever-changing and evolving landscape.”

Mr. Lee holds a B.S. in Computer Information Systems and Business from Bellevue University.

About Houlihan Lokey

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. Houlihan Lokey is the No. 1 M&A advisor for the past six consecutive years in the U.S., the No. 1 global restructuring advisor for the past seven consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210913005066/en/

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FAQ

What is the recent announcement by Houlihan Lokey related to Technology and Cybersecurity?

Houlihan Lokey announced the appointment of Stephen Lee as Managing Director and Head of a new Technology and Cybersecurity practice within Transaction Advisory Services.

Who is Stephen Lee and what is his role at Houlihan Lokey?

Stephen Lee is the new Managing Director and Head of the Technology and Cybersecurity practice at Houlihan Lokey, focusing on IT and cybersecurity diligence.

How does the new Technology and Cybersecurity practice impact Houlihan Lokey's services?

The new practice aims to enhance Houlihan Lokey's advisory capabilities, particularly in technology and cybersecurity for clients.

What experience does Stephen Lee bring to Houlihan Lokey?

Stephen Lee has over 20 years of IT and advisory experience, previously leading technology diligence at KPMG.

What is the objective of introducing the Technology and Cybersecurity practice at Houlihan Lokey?

The objective is to meet client demand for enhanced technology and cybersecurity advisory services.