Expanded capabilities to provide firm’s clients with end-to-end independent buyside advisory & valuation services
Houlihan Lokey has launched a dedicated Transaction Advisory Services Group which will provide clients with comprehensive financial and tax due diligence services as they evaluate acquisition or investment targets.
This service enables clients to benefit from: the understanding of significant patterns in the historical performance of the target business, an evaluation of the quality and sustainability of the reported earnings and free cash flow of the target business, an assessment of the achievability of the target business’ financial forecasts, an understanding of the key tax and financial reporting risks in purchase agreement negotiations, an evaluation of the post-closing purchase price adjustments and consideration of the effects of purchase accounting and valuation requirements in post-transaction financial models for recently acquired businesses.
As part of this expansion, Jack Elliott, Brian Sipes and Travis Pittman will join Houlihan Lokey as senior vice presidents in the firm’s Dallas office. Mr. Elliott was most recently with Celanese Corporation. Mr. Sipes was with Flowserve Corporation and Mr. Pittman was most recently a partner at the Lockton Companies. The Group will be led by Sam Clark, MD in Houlihan Lokey’s Dallas office.
Mr. Clark said: “We intend to draw on our transaction expertise from our leading M&A advisory practice to assist clients in executing deals that will help create shareholder value. We have established ourselves as a leading advisor in Tax & Financial Reporting Valuation Services. The addition of transaction due diligence services to our platform enables us to provide our corporate and private equity clients with independent advice starting at the earliest stages of a transaction through to the purchase accounting valuation analyses and ongoing impairment testing.”
Jack Berka, senior MD and global head of Financial Advisory Services, said: “We have always explored new ways to leverage our experience and existing capabilities to meet the needs of our clients. We’re excited to add transaction due diligence to our robust—yet specialized—suite of services and bring new value to our clients.”
Houlihan Lokey, an international investment bank, provides a wide range of advisory services in the areas of mergers and acquisitions, financing, financial restructuring, and valuation.