Houlihan Lokey to Acquire 7 Mile Advisors
10 Julho 2023 - 9:00AM
Business Wire
Acquisition Will Significantly Bolster IT Services Coverage
Capabilities
Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, has
agreed to acquire 7 Mile Advisors (7MA), an independent advisory
firm that provides a range of investment banking services to
clients across the IT services sector. The transaction, signed July
7, further enhances Houlihan Lokey’s deep industry expertise in IT
services and expands the firm’s geographic footprint. The deal is
expected to be completed this quarter following regulatory
approval.
Founded in 2008, 7MA provides mergers and acquisitions, private
capital raising, and valuation services to clients in IT services.
Since its inception, the firm has closed on more than 170
transactions for clients across the globe. Significant transactions
include Globant’s (NYSE:GLOB) acquisition of Belatrix Software;
EPAM Systems’ (NYSE:EPAM) acquisition of GGA Software Services; and
Rockwell Automation’s (NYSE:ROK) acquisition of Kalypso.
“We’re delighted to bring on this talented team to build on the
outstanding track record we have achieved in the IT services
segment and, more importantly, continue toward our goal of
providing our clients with the best, most subsector-specific
expertise possible as they navigate opportunities and challenges.
7MA’s deal roster, and the successful outcomes they have helped
their clients achieve across the IT services sector, demonstrate
this team’s skill at combining transaction execution expertise with
industry knowledge for superior results, and we are excited to
introduce them to our clients around the world,” said Larry
DeAngelo, Head of Houlihan Lokey’s Business Services Group.
7MA’s approximately 30 financial professionals, including five
Managing Directors, will join the existing IT Services team in
Houlihan Lokey’s Business Services Group. The acquisition will also
add an office in Charlotte, North Carolina.
“Houlihan Lokey’s entrepreneurial, team-oriented culture and
global presence make it an excellent home for 7MA, and we’re
excited to be joining the largest and most active business services
investment banking team. Our clients will benefit tremendously from
the firm’s industry focus, superior capital markets capabilities,
and a depth of financial sponsor relationships that is second to
none. We look forward to joining our new colleagues around the
world to build on the firm’s successes to date in the IT services
sector,” said Leroy Davis, a founding Partner at 7MA.
“The 7MA team is an outstanding addition to the firm. Their
business mix aligns perfectly with ours, but more importantly,
their strong cultural compatibility, which in our view is the
cornerstone of any combination, makes for an excellent fit. Their
approach to subsector specialization, client relationship focus,
and unwavering desire to be a true partner matches perfectly with
our philosophy. We’re thrilled that they are joining Houlihan
Lokey,” said Scott Adelson, Co-President and Global Co-Head of
Corporate Finance.
With more than 125 financial professionals in 10 cities around
the world, Houlihan Lokey’s Business Services Group has earned a
reputation for providing superior service and achieving outstanding
results for clients across a broad array of sectors, with bankers
dedicated to each coverage area. The group maintains deep,
senior-level relationships with major strategic and financial
buyers of professional and technology-related services companies as
well as large public and private company thought leaders within the
industry. In 2022, Houlihan Lokey was ranked the No. 1 investment
bank for all global business services transactions based on number
of deals, according to Refinitiv.*
About Houlihan Lokey
Houlihan Lokey (NYSE:HLI) is a global investment bank with
expertise in mergers and acquisitions, capital markets, financial
restructuring, and financial and valuation advisory. The firm
serves corporations, institutions, and governments worldwide with
offices in the Americas, 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 investment bank for
global M&A transactions under $1 billion, the No. 1 M&A
advisor for the past eight consecutive years in the U.S., the No. 1
global restructuring advisor for the past nine consecutive years,
and the No. 1 global M&A fairness opinion advisor over the past
25 years, all based on number of transactions and according to data
provided by Refinitiv.
*Excludes accounting firms and brokers.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230710034342/en/
Investor Relations 212.331.8225 IR@HL.com Media
Relations 917.331.1580 PR@HL.com
Houlihan Lokey (NYSE:HLI)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Houlihan Lokey (NYSE:HLI)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024