Insights & Ideas
Current | Archive
20 November 2013
Ken Goldsbrough, Managing Director in Capital Markets, Europe recently participated in a roundtable discussion hosted by Private Debt Investor magazine, reviewing the various opportunities and challenges currently existing in the European private debt market. How much progress has this asset class made in becoming a genuine alternative to traditional bank debt financing in the region?
30 September 2013
Houlihan Lokey is pleased to present the second edition in a series of quarterly newsletters published in partnership with Mergermarket. This quarter's newsletter is focused on Asia's bond and bank markets.
30 September 2013
Scott Kolbrenner, head of Houlihan Lokey’s Engineering & Construction practice within Industrials, chats with The Deal’s Richard Collings at the 2013 ACG Los Angeles Business Conference about a range of issues including the potential impact of rising interest rates on M&A activity, the implications of inexpensive credit on refinancings, and the outlook for M&A in the engineering and construction sector.
04 September 2013
Houlihan Lokey has completed its 12th annual Purchase Price Allocation Study, reviewing public filings for 1,173 completed transactions in 2012 and summarizing the results for certain transactions.
08 August 2013
The private equity LP secondary market has recently experienced a significant diminution of transaction volume.
23 July 2013
New tax regulations from the Internal Revenue Service now provide a new method for achieving a valuable tax basis step-up, enabling financial sponsors to increase after-tax cash flows following an acquisition, writes Jerry Schwartzman, Houlihan Lokey’s Head of M&A Tax Services, in a July 19 editorial for The Deal.
10 April 2013
Shareholder activists have transformed themselves from ‘corporate raiders’ into “analytical and balanced advocates for shareholder value,” essentially creating a new asset class for investors.
15 October 2012
Demand for solvency opinions in Germany is growing as a result of recent reforms to the German corporate law known as the Law for the Modernisation of the German Limited Liability Company Law and the Prevention of Misuse (‘MoMiG’). Under the revised law, company directors are now held responsible for payments to shareholders that consequently resulted in the company’s insolvency.
27 September 2012
Balance Sheets Remain Risky Despite Sustained Profitability The latest edition of Houlihan Lokey’s European Goodwill Impairment Study 2012-2013 presents an interesting set of results. Aggregated data reveals that earnings before taxes and goodwill impairment charges at Europe’s 600 largest companies included in the STOXX Europe 600 Index in 2011 remained robust, rising slightly over 2010 levels, and were only 9% off pre-financial crisis levels in 2007.
21 August 2012
"At this point, the ultimate direction of the LIBOR manipulation-related litigation is unclear," said Dr. Cindy Ma, Managing Director and Head of Portfolio Valuation & Advisory Services at Houlihan Lokey. "However, it will become critical for the parties involved in these cases to be well-informed about the intricacies of the LIBOR-setting process and the complexities associated with estimating the potential economic impact."
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