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Karen Miles
Managing Director
T 310.788.5243
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Ms. Miles is a Managing Director and Head of Houlihan Lokey’s Financial Advisory Services business for Southern California. She is a Co-Head of the firm’s Global Tax & Financial Reporting Valuation practice, and is also a member of the firm’s Estate and Gift Tax Engagement and Review Committee. She co-chairs the firm’s Technical Standards Committee, which determines the appropriate methodologies for dealing with valuation issues. Ms. Miles is based in the firm’s Los Angeles office.

Ms. Miles has more than two decades of experience in valuation and financial consulting, with emphasis on the valuation of businesses, securities, and intangible assets. Her experience includes fairness opinions, solvency opinions, purchase price allocations, goodwill impairment analyses, valuations for transactions, financings, gift & estate tax planning, ESOPs, dissolutions, and litigation. She has consulted on ownership transition issues and liquidity alternatives. She has also testified as an expert witness in depositions and trials, and has served as a court-appointed referee.

Before joining Houlihan Lokey, Ms. Miles was a principal at a Big Four accounting firm in its economic and financial consulting division, where for 10 years she specialized in valuation and litigation consulting. Before that, she was a financial analyst at a Fortune 500 corporation.

Ms. Miles has served on the International Valuation Standards Council (IVSC) committee on “Discounted Cash Flow Analysis for Market Valuations and Investment Analyses.” She also served on the Board of Directors for one of the Southern California chapters of the Association for Corporate Growth (ACG), and the Board of Directors of the Alzheimer’s Association, California Southland Chapter. In addition, she has been a guest lecturer in the M&A Program at UCLA’s Anderson School of Management and has spoken on M&A and valuation related topics at the American Society of Appraisers’ Los Angeles Fair Value Conference, the WorldatWork Total Rewards Conference, as well as ACG and CommNexus sponsored events.

Ms. Miles writes frequently on the subject of valuation. Her noteworthy contributions include “Business Valuations,” a chapter in Litigation Services Handbook: The Role of the Financial Expert, Third Edition (New York: John Wiley & Sons; 2001); “The FASB May Add Spark to the Lackluster M&A Market” (ACG Network, November 2001); “The Impact of Goodwill Impairment on Public Companies: The Early Adopters” (Shannon Pratt’s Business Valuation Update, September 2002); “Analysis of Control Premiums by Synergistic and Nonsynergistic Buyers” (Shannon Pratt’s Business Valuation Update, October 2002); “Benchmarking” (The Daily Deal, May 19, 2004); and “The Valuation of Earnouts and Acquired Contingencies Under SFAS 141(R)” (The CPA Journal, March 2009).

Ms. Miles earned a B.A. in Business Administration at the University of Southern California and an MBA at UCLA’s Anderson School of Management. She is a Certified Public Accountant (CPA) and holds the Accredited in Business Valuation (ABV) credential. She is a member of the American Institute of Certified Public Accountants (AICPA) and the American Society of Appraisers (ASA).