Delivering insight and expertise to help advance your vision
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Public | |
Traded as | : HLI |
Industry | Investment banking |
Founded | 1972 |
Headquarters |
Constellation Place Los Angeles, California, United States |
Key people
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Irwin Gold (Executive Chairman) Scott Beiser (CEO) Scott Adelson (Co-President) David Preiser (Co-President) |
Products |
Financial Services Investment Banking |
Number of employees
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1,161 (Feb. 2017) |
Website | www.hl.com |
Houlihan Lokey, Inc., is an independent, advisory-focused, global investment bank. Houlihan Lokey was founded in 1972 and is headquartered at Constellation Place in Century City, Los Angeles, California. The firm advises large public and closely held companies as well as institutions and governments. Its main service lines include mergers and acquisitions, capital markets, restructuring and distressed M&A, fairness opinions, valuations, and strategic consulting. As of early 2017, Houlihan Lokey employed more than 1,161 employees worldwide.
In 2016, Houlihan Lokey was named the No. 1 M&A Advisor for All U.S. Transactions, the No. 1 Global Investment Banking Restructuring Advisor, and a Top 10 Most Active Global M&A Advisor by Thomson Reuters. In 2015, Houlihan Lokey was named the No. 1 M&A Advisor for all U.S. transactions, the No. 1 Global M&A Fairness Opinion Advisor, and the No. 1 Global Investment Banking Restructuring Advisor by Thomson Reuters. The firm was also named the Best Bank to Work For the last four years by Vault.com, obtaining first place in over half of the categories including Employee Satisfaction, Compensation and Selectivity.
Houlihan Lokey was founded in Los Angeles in 1972 as a provider of general business advisory services to privately held companies. The 1974 passage of the Employee Retirement Income Security Act launched the firm’s valuation business by creating demand for independent valuations of private businesses, particularly those that had formed .
In 1986, Houlihan Lokey registered as an investment banking broker-dealer to provide corporate finance services including M&A advisory and debt and equity financing, consequently enabling the firm to deliver investment banking expertise to its clients in the middle market. By 1987, many of the highly leveraged transactions completed earlier in the decade were starting to exhibit signs of financial distress. Accordingly, a market was developing for financial restructuring advisory services. To position itself to serve this burgeoning market, the investment banking broker-dealer purchased Cheviot Capital Corporation in 1987 and, led by Jeff Werbalowsky and Irwin Gold, began assembling what would become an active, dominant, worldwide financial restructuring group.