0.9 C
Munich
Tuesday, January 31, 2023

Houlihan Lokey (NYSE: HLI) Announces Acquisition of Baylor Klein

Houlihan Lokey, Inc. (NYSE: HLI) disclosed Monday that it has inked an agreement to purchase boutique advisory firm, Baylor Klein. The firm has taken the decision in an attempt to expand its Corporate Finance business in Europe. Since its inception in 2008, Baylor Klein has gained expertise in offering M&A and corporate finance advisory services to the multinational and private owners of household, beauty, and personal care (HBPC) assets internationally.

Both the firms have entered into an agreement on July 8, 2021 and executed the agreement on the same date. Houlihan Lokey is anticipating that after this buying Baylor Klein team represents and shares with Houlihan Lokey several important cultural qualities, including a steadfast devotion to its clients and a history of success that authorizes sincerely deep and superior sector expertise.

Furthermore, as per the deal signed by both firms, Baylor Klein’s team of five advisory professionals led by Tim Leach will join Houlihan Lokey’s European Corporate Finance business in London, bring in the global CFR team to more than 70 financial experts.

Additionally, this is the sixth buying of Houlihan Lokey in Europe in the past six years, after the purchase of McQueen Ltd. and Leonardo & Co. in 2015. It has bought BearTooth Advisors and Quayle Munro in 2018 and Fidentiis Capital in 2019. The enterprise now owns more than 260 bankers in Europe, this number increase from 80 in 2014. It also include 180 in Corporate Finance.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.