News

ISS-MAG Discusses SEC’s Call for More Fair Value Disclosures in an Interview with Brian Bouchard

2012-05-07T00:00:00-04:00

News

A recent article by ISS-MAG.com states that banks that issue structured notes may soon have some extra work to do when preparing their sales prospectuses. The Securities and Exchange Commission would like for banks to disclose the difference between the offering price for the structured notes and their actual fair value—a value which reflects the actual price investors would expect to receive if the structured notes were sold in the secondary market right after they were bought. Brian Bouchard, Vice President in Houlihan Lokey’s Financial Advisory Services business, comments: "The difference between the fair value and offering price could be substantial due to the highly illiquid and complex nature of these investments."

To read the full article click here.

Houlihan Lokey Bankers Honored with ’40 Under 40’ Recognition Awards

2012-04-25T00:00:00-04:00

News

Houlihan Lokey, an international investment bank, is pleased to announce that three of the firm’s senior bankers have been named winners of the 2012 ‘40 Under 40’ M&A Advisor Recognition Awards. The awards celebrate the M&A, financing and turnaround professionals who have reached a significant level of success in the industry while still under the age of 40.

To learn more about the winners’ accomplishments and backgrounds click on the links below.


Eastern Region Gavin Kagan	Central Region Reid Snellenbarger	Western Region David Wang

Eastern Region
Gavin Kagan – Mr. Kagan is a Managing Director in Houlihan Lokey’s New York office. He has over 14 years of investment banking experience, including corporate restructurings, M&A and the issuance of both public and private debt and equity securities.

Central Region
Reid Snellenbarger – Mr. Snellenbarger is a Managing Director in Houlihan Lokey’s Financial Restructuring Group and a senior member of the firm-wide Real Estate Strategic Advisory practice. For over a decade, he has specialized in financings, restructurings, and mergers and acquisitions in the distressed and bankrupt environment, with a focus on the real estate sector. He has helped major and middle-market companies, private equity sponsors, distressed investors, creditors and other constituents.

Western Region
David Wang – Mr. Wang is a Senior Vice President in Houlihan Lokey’s Los Angeles office, where he is a member of the firm’s Corporate Finance business. As a member of the Debt Capital Markets practice, he focuses on raising senior, mezzanine debt and private equity capital for leveraged buyouts, acquisition financings as well as recapitalizations and restructurings for the firm’s clients across all industry sectors.

In addition, Houlihan Lokey bankers Eric Winthrop, Robert Rosenberg, Matthew Mazzucchi and Mark Dufilho were named finalists for the 2012 Awards.

Houlihan Lokey Receives 'M&A Exit of the Year' Award from Mergers & Acquisitions

2012-03-09T00:00:00-05:00

News

Houlihan Lokey received the ‘M&A Exit of the Year’ award for advising defense technology company SRA International on its $1.88 billion take-private transaction by Providence Equity Partners.

Click here to see the full article.

PRIVATE EQUITY PORTFOLIO VALUATIONS IN THE REGULATORY SPOTLIGHT

2012-03-01T00:00:00-05:00

News

In a recent article in the Private Equity Beat of The Wall Street Journal Online, Managing Director Cindy Ma discusses recent implications of the SEC's announced informal inquiry into private equity (PE) practices for valuing and reporting the value of portfolio investments and how PE firm's can prepare themselves for any potential repercussions.

To read the article, click here.

HOULIHAN LOKEY SERVES AS EXCLUSIVE FINANCIAL ADVISOR TO ALACER CORP.

2012-02-27T00:00:00-05:00

News

Houlihan Lokey, an international investment bank, today announced the closing of the sale of Alacer Corp. to Pfizer Inc. We served as the exclusive financial advisor to Alacer, assisting with structuring and negotiating the transaction on their behalf. The sale will help expand Alacer’s accessibility to the global market, further building its leading dietary supplement business.

To read the official press release please click here.

JEAN STACK OF HOUILHAN LOKEY’S THREE PIECES OF ADVICE TO HER CHILDREN

2012-02-22T00:00:00-05:00

News

Jean Stack, Managing Director in Houlihan Lokey’s Aerospace•Defense•Government Group shares with WashingtonExec the three pieces of advice she would give her children.

To read the full article click here.

Houlihan Lokey Charitable Foundation Featured

2012-02-21T00:00:00-05:00

News
Hereisthecity.com featured the Houlihan Lokey Foundation in a recent article on their site. The foundation was established to enhance the firm's culture of charitable giving at all levels of the organization. To read the article, click here.

HOULIHAN LOKEY ACTS AS JOINT-BOOKRUNNER ON MARGARITAVILLE RESORT CASINO PROJECT FINANCING

2012-02-09T00:00:00-05:00

News

Bossier Casino Venture, LLC announced today the successful closing of its project financing for the Margaritaville Resort Casino to be built in Bossier City, Louisiana. Construction on the $197 million casino and hotel resort is expected to commence immediately and extend for approximately 16 months, with a targeted opening date in June 2013.

To read the full press release click here.

Houlihan Lokey hires deal maker Steven Tishman to head global M&A group

2012-02-01T00:00:00-05:00

News

The Wall Street Journal writes, "The hiring of Mr. Tishman, who most recently was co-head of U.S. M&A at Rothschild, underscores Houlihan Lokey's drive to push into the upper echelon of deal making."

Click here to read the full article.

Keeping Busy: Houlihan Lokey Receives 2011 IFR Award Restructuring Adviser of the Year

2012-01-17T00:00:00-05:00

News

International Financing Review writes, “Houlihan Lokey stayed busy during a lull in the restructuring cycle by focusing on distressed areas such as real estate and leisure, winning mandates from debtors as well as traditional creditor clients.”

Click here for the full article.

Director Manuel-Martínez Fidalgo Recognized by Financial News in 40 Under 40 List

2011-12-05T00:00:00-05:00

News

Houlihan Lokey Director Manuel-Martínez Fidalgo was included in Financial News list of 40 Under 40 Rising Stars in investment banking.

Click here to read the article.

MERGERS & ACQUISITIONS MAGAZINE PROFILES MANAGING DIRECTOR WEIMIN CHEN AND HIS PLANS TO INCREASE HOULIHAN LOKEY’S FOOTPRINT IN CHINA

2012-01-12T00:00:00-05:00

News

Managing Director Weimin Chen gives Mergers & Acquisitions Magazine insight on what it takes to succeed amid China’s challenging policies on M&A advisement.

Click here to read the article.

Houlihan Lokey Advisors Muse On How To Help Shipping Companies Facing Restructuring in Marine Money Magazine

2012-01-09T00:00:00-05:00

News

Managing Directors David Hilty, Bruce McDonald, and Director Gavin Kagan penned an article for Marine Money's January 2012 issue focusing on capital and restructuring solutions for distressed shipping companies.

Click here to read the article.

HOULIHAN LOKEY MANAGING DIRECTOR APPOINTED TO THE TECHNICAL STANDARDS BOARD OF THE INTERNATIONAL VALUATION STANDARDS COUNCIL

2011-11-10T00:00:00-05:00

News

Houlihan Lokey’s Dr. Cindy Ma, Managing Director and Co-Head of the firm’s Portfolio Valuation & Advisory Services practice has been appointed to the Technical Standards Board of the International Valuation Standards Council.

Please click here to read the press release.

Houlihan Lokey Receives Award as 'Most Innovative Investment Bank' For Restructuring

2011-11-15T00:00:00-05:00

News

The Banker Investment Banking Awards have recognized Houlihan Lokey for their work as an innovator in financial restructuring.

Click here to read the article.

The “Risky” Risk-Free Rate: Does the Downgrade of U.S. Sovereign Debt Change Commonly-Used Valuation Approaches?

2011-09-07T00:00:00-04:00

News

The recent downgrade of U.S. sovereign debt by Standard & Poor’s has had far-reaching consequences. While the resulting dislocation in the global financial markets made headlines, one lesser-publicized consequence was the impact on global valuation practices which have historically used U.S. Treasury bills as a proxy for the risk-free discount rate input for valuation models.

“The ‘Risky’ Risk-Free Rate: Does the Downgrade of U.S. Sovereign Debt Change Commonly-Used Valuation Approaches?” article which appears in the September issue of Financier Worldwide features a discussion from some of Houlihan Lokey’s leading valuation professionals regarding the implications that the recent downgrade may have on common valuation practices. To read the full article please click here.

SENIOR MANAGING DIRECTOR ANDREW MILLER PROVIDES INSIGHT ON FACTORS IMPACTING FINANCIAL RESTRUCTURING

2011-07-01T00:00:00-04:00

News

Andrew Miller covers topics ranging from pre-pack Chapter 11 to current market cycles and the influence of spiking oil prices.

Click here to read the article.

MANAGING DIRECTOR MAX ZIFF TELLS FINANCIAL NEWS THERE IS A HIDDEN COST TO BAILOUTS

2011-04-25T00:00:00-04:00

News

In an article released by Financial News, Max Ziff examines the European bailout landscape and outlines where the causes and effects may not yet be realized.

Click here to read the article.

Statements and opinions expressed herein are solely those of the author and may not coincide with those of Houlihan Lokey.