Welcome to our dedicated page for Houlihan Lokey news (Ticker: HLI), a resource for investors and traders seeking the latest updates and insights on Houlihan Lokey stock.
Houlihan Lokey, Inc. reports developments as a global investment bank that provides independent strategic and financial advice to corporations, financial sponsors, institutions, and governments. The firm’s recurring news centers on mergers and acquisitions advisory, capital solutions, financial restructuring, financial and valuation advisory, and strategic consulting across its Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory businesses.
Company updates also cover fiscal results, segment revenue trends, expense commentary, and senior appointments that expand sector coverage. Recent recurring themes include growth in technology, real estate capital advisory, specialty distribution, IT services, and other industry groups across the United States, Europe, and Asia-Pacific.
Zukin Certification Services (ZCS) has partnered with specialty insurer Banyan Risk to provide discounted Directors’ and Officers’ (D&O) insurance alongside a subsidized Zukin Reasonable Basis Review (ZBR™). This review service offers SPACs an independent assessment of target company financial projections, thus helping mitigate transaction risks. Banyan aims to support SPAC clients in navigating challenging market conditions by offering these essential services at reduced rates, potentially transforming SPAC perceptions in the marketplace.
Houlihan Lokey reported second quarter fiscal 2023 revenues of $490 million, down from $537 million in the same period last year. Diluted EPS was $0.87, compared to $1.65 a year prior, while adjusted diluted EPS reached $1.19, down from $1.71. The company declared a third-quarter dividend of $0.53 per share, payable on December 15, 2022. Revenues from Corporate Finance decreased by 19%, while Financial Restructuring and Financial and Valuation Advisory revenues increased by 17% each. The firm maintains a strong cash position with $540 million available.
Houlihan Lokey (NYSE:HLI) has appointed Andy Cairns as a Managing Director to lead its Capital Markets efforts in the Middle East and Africa, based in Dubai. Cairns brings a wealth of experience with over $750 billion in M&A, loans, and equity. He previously served as Senior Managing Director at First Abu Dhabi Bank. The firm aims to enhance capital solutions for regional clients while expanding access to Middle Eastern capital globally. The Capital Markets Group raised over $15 billion for clients in fiscal 2021.
Houlihan Lokey (NYSE:HLI) has announced the addition of Rainer Hepberger as a Managing Director in its European Healthcare team, based in London. Hepberger brings over 15 years of experience, including nine years at William Blair. He has advised on over 50 M&A transactions across Europe, enhancing the firm’s capabilities in medical technology and healthcare distribution. His appointment strengthens Houlihan Lokey’s position as a leading healthcare advisory firm in Europe, with the healthcare team now comprising 20 professionals.
Northmarq has completed its acquisition of Stan Johnson Company (SJC) and Four Pillars Capital Markets (FPCM), expanding its presence in the commercial real estate sector. This strategic move adds nearly 1,000 professionals to Northmarq's team and includes services across various property types, enhancing their annual transaction volumes to $23 billion in debt/equity and $15 billion in investment sales. SJC, recognized as a leading net lease investment sales brand, has recorded significant growth, with a 600% revenue increase since 2005.
Houlihan Lokey, Inc. (NYSE:HLI) will announce its fiscal 2023 second quarter results on October 27, 2022, after market close. A conference call hosted by CEO Scott Beiser and CFO Lindsey Alley will take place at 5:00 p.m. (ET) on the same day, featuring a review of the results and a Q&A session. Access to the call is available via telephone and audio webcast through the company’s website. The replay of the call will be accessible from 8:00 p.m. (ET) on October 27 until November 3, 2022.
Keith Skirbe joins Houlihan Lokey as a Managing Director in the Technology Group, focusing on the cybersecurity sector. Based in San Francisco, Skirbe brings extensive experience from Momentum Cyber, where he led West Coast efforts. The firm emphasizes the growing importance of cybersecurity in corporate finance, highlighting recent successful transactions in this sector. Houlihan Lokey is recognized as a leading investment bank for technology transactions, with top rankings in M&A and restructuring.
Houlihan Lokey (NYSE:HLI) has appointed Ee Beng Soh as a Senior Advisor to enhance its operations in Singapore. With over 24 years of experience in investment banking, including leadership roles at HSBC and BNP Paribas, Soh's expertise is expected to significantly benefit the firm. His role will focus on leveraging Singapore's strengthening insolvency framework to capitalize on increasing restructuring demands in the region. This strategic appointment is part of Houlihan Lokey's broader expansion strategy in South East Asia, aiming to provide superior advisory services to corporate clients and financial investors.
B. Smith Joins Houlihan Lokey as a Managing Director in the Business Services Group, enhancing coverage in transportation and logistics. With over 25 years of industry experience, he previously led transportation and logistics at Capstone Partners. The firm, recognized as the No. 1 investment bank for global business services M&A, boasts 115 financial professionals across 34 locations. Smith's expertise and client relationships are expected to strengthen the group's service delivery. He holds degrees from Stanford and Harvard Law School, furthering Houlihan Lokey's commitment to excellence.
Houlihan Lokey (NYSE:HLI) has appointed Jesse Nichols as a Managing Director in its global Technology Group, focusing on the digital infrastructure sector. Based in location value="LU/us.ma.boston"Boston, Nichols brings extensive experience, having previously led M&A and advisory for communications infrastructure at Alpina Capital. His addition aims to enhance Houlihan Lokey’s already leading Digital Infrastructure practice, which advised on over 25 transactions valued at approximately $13 billion in 2021, reinforcing the firm's reputation in technology advisory.