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Wednesday, July 07, 2010Houlihan Lokey Expands Global Platform to India and Singapore
Strategic Investment in Avista Group Furthers Global Expansion in Dynamic, High-Growth Regions
LOS ANGELES and MUMBAI – July 7, 2010 – Houlihan Lokey, an international investment bank, announced today its expansion into India and Singapore through a strategic minority investment in the Avista Advisory Group, one of the region’s fastest-growing investment banks.
Avista, an investment bank and independent advisor with offices in Mumbai and Singapore, will partner with Houlihan Lokey to provide a wide range of advisory services, including mergers and acquisitions, financing, restructuring and valuation. Houlihan Lokey’s investment in Avista will provide capital for expansion efforts in India and Singapore.
“Moving into India is the clear next step in our global expansion effort," said Scott Adelson, Senior Managing Director and global co-head of Corporate Finance. "The investment we are making in Avista allows us to expand further into these high-growth markets with a dynamic and well-connected partner with a shared vision of client service.”
“We sought out Houlihan Lokey because of the firm's reputation and capabilities, but most importantly because of the shared commitment to our clients,” said Rajiv Kochhar, Founder and Chief Executive Officer of Avista. “With the capital investment and access to Houlihan Lokey’s network, we will be even better positioned to serve our clients.”
Houlihan Lokey launched its international expansion in 2002 with the opening of the firm’s London office. Since then, Houlihan Lokey has opened offices in Paris, Frankfurt, Hong Kong, Tokyo and Beijing.
About Avista Advisory Group
Avista Advisory Group is a Pan Asian investment banking advisory firm, with operations in India and Singapore, focusing on the mid-market sector. Avista provides a unique combination of investment banking advisory and consulting services to its growing clientele across the Asian region. Avista’s key product expertise is across M&A, financing and restructuring advisory, which is well supported by an experienced team with industry expertise across key sectors of industrials, services, TMT & infrastructure. The simple strategy for growth at Avista has been to service its high growth, mid-market clientele through its integrated platform of product, industry expertise and regional coverage across the corporate finance spectrum.
Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm is ranked globally as the No. 1 restructuring advisor, the No. 1 M&A fairness opinion advisor over the past 10 years, and the No. 1 M&A advisor for U.S. transactions under $3 billion, according to Thomson Reuters. Houlihan Lokey has 14 offices and more than 800 employees in the United States, Europe and Asia. The firm serves more than 1,000 clients each year, ranging from closely held companies to Global 500 corporations.
For press inquiries, contact Michael Utley at 310.789.5765.
It is not known whether the listed clients approve or disapprove of Houlihan Lokey or the advisory services provided.
