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Houlihan Lokey, Inc. (NYSE: HLI) is a prominent global investment bank renowned for its expertise in mergers and acquisitions (M&A), capital markets, valuation, financial restructuring, and strategic consulting. Serving a diverse clientele that includes corporations, institutions, and governments, the firm operates from offices strategically located across the United States, Europe, and the Asia-Pacific region.
Houlihan Lokey’s operations are segmented into three core business units:
- Corporate Finance: Specializes in providing M&A and capital markets advisory services, helping clients navigate complex transactions and achieve their financial goals.
- Financial Restructuring: Known for advising on some of the most intricate restructuring deals globally, this segment is instrumental in guiding clients through financial distress and turnaround situations.
- Financial and Valuation Advisory Services: Offers comprehensive valuation, financial opinion, and strategic consulting services, ensuring clients receive independent and intellectually rigorous advice.
The firm's dedication to independent advice and intellectual rigor has made it a trusted partner in the financial sector. Houlihan Lokey is consistently ranked as a top advisor in various categories. According to Thomson Reuters, the firm holds the title of the No. 1 M&A advisor for U.S. transactions under $5 billion, the No. 1 M&A fairness opinion advisor for U.S. transactions over the past decade, and the No. 1 global restructuring advisor.
Recent achievements include strategic partnerships and successful advisory roles in high-profile transactions, further solidifying its reputation as a leader in investment banking. The company continues to expand its global footprint and enhance its service offerings, ensuring it remains at the forefront of the industry.
For more detailed information, visit the official website at www.hl.com.
Houlihan Lokey (NYSE:HLI) has launched the Private Performing Credit Index (PPCI), a new quarterly index aimed at enhancing transparency in the private credit market. The PPCI aggregates data from approximately 7,000 qualifying private credit loan valuations since September 30, 2017, providing insights into quarterly yields. This index is designed to support asset managers in making informed investment decisions by offering a reference for market dynamics.
Houlihan Lokey reported strong financial results for the second quarter of fiscal 2022, achieving revenues of $537 million, a significant increase from $276 million in the same period last year. The diluted EPS stood at $1.65, up from $0.70 the previous year. Adjusted EPS was $1.71, reflecting robust growth. The company announced a dividend of $0.43 per share for the third quarter and increased its share repurchase program to $250 million. Additionally, Corporate Finance revenues surged 259%, while Financial Restructuring revenues decreased 34%.
Thrive Scholars has partnered with Houlihan Lokey to launch the Houlihan Lokey Thrive Scholars program, supporting ten high school students from low-income communities in New York and Los Angeles. The initiative focuses on providing mentorship and guidance in finance careers, with Houlihan Lokey's grant aiding the development of a Finance Track. Thrive Scholars boasts a success rate where over 90% of participants attend top colleges and 98% graduate with superior grades. The partnership aims to enhance opportunities for underrepresented students and foster diverse leadership in finance.
Houlihan Lokey, Inc. (NYSE:HLI) will release its second quarter results for the 2022 fiscal year on October 28, 2021, after trading closes. A conference call hosted by CEO Scott Beiser and CFO Lindsey Alley will follow at 5:00 p.m. ET to discuss these results and the company’s performance. The conference call can be accessed via telephone and audio webcast on the company’s website. A replay will be available after 8:00 p.m. ET on the same day until November 4, 2021.
Municipal Communications and Seaport Capital have sold a tower asset portfolio to Fengate Asset Management, a prominent alternative investment manager in North America. The transaction highlights Municipal's success in developing a diverse tower portfolio over the past three years, primarily serving major wireless providers. Municipal will maintain ownership and operation of wireless towers while continuing its partnership with Seaport to create additional tower assets. Houlihan Lokey acted as the financial advisor for this transaction.
Houlihan Lokey, Inc. (NYSE:HLI) has acquired GCA Corporation, completing a tender offer that secured approximately 90% of GCA's common stock. This acquisition enhances Houlihan Lokey's technology advisory capabilities and expands its geographical presence, particularly in Asia and Europe. Over 500 new employees from GCA join the firm, strengthening its position as one of the largest independent investment banks globally. A second-step transaction to acquire the remaining shares of GCA is anticipated by the end of 2021, indicating further commitment to integration and growth.
Houlihan Lokey (NYSE:HLI) announced the expiration of its tender offer for GCA Corporation (TSE:2174) as of September 27, 2021. The offer, priced at ¥1,398 ($12.71) per share, resulted in approximately 90% of GCA's common stock being tendered. The acquisition is expected to settle on October 4, 2021, with financing from Houlihan Lokey's balance sheet. The firm is recognized as a leading advisor in M&A and restructuring.
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.
Houlihan Lokey (NYSE:HLI) has increased its tender offer price for GCA Corporation (TSE:2174) to ¥1,398 ($12.71) per share, totaling approximately ¥65.9 billion ($599.1 million). This adjustment aligns with GCA's revised revenue forecast for CY 2021, which now anticipates ¥47.5 billion ($431.8 million), a 21.8% increase from the previous forecast. The tender offer commenced on August 4, 2021, with a closing date set for October 4, 2021, pending regulatory approvals. HLI plans to finance the acquisition using available cash on its balance sheet.
Houlihan Lokey (NYSE:HLI) has appointed Tom Carlson as a Managing Director in its Oil & Gas Group based in Houston. With over 20 years of experience in the energy sector, Carlson previously served at BMO Capital Markets and has extensive expertise in mergers, acquisitions, and capital raises. Houlihan Lokey boasts over 70 dedicated professionals and has successfully advised on more than 100 transactions globally in the past three years, solidifying its reputation as a leader in M&A and restructuring services.
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