Tchen is a Managing Director and
of Houlihan Lokey’s Technical Standards Committee. He has more than 20 years of
experience providing financial advisory services to public-company and
private-company clients as well as financial sponsors in connection with
mergers and acquisitions, leveraged buyouts, spinoffs, stock buybacks,
recapitalizations, going-private transactions, strategic alternative assessments, and capital-raising activities. These services include rendering
fairness, solvency, and other transaction-related opinions to companies, boards
of directors, special committees, and independent fiduciaries. Mr.
Tchen is based in the firm’s Los Angeles office.
Tchen also analyzes and values closely
held and publicly traded businesses, debt and equity
securities, derivative securities, structured securities (e.g., RMBS, CDO,
CLO), non-performing loan portfolios, private equity interests, intangible
assets, and contingent liabilities for transaction, tax, financial reporting,
and litigation purposes. He has authored a chapter on the valuation of stock
options in an update to Financial
Valuation: Businesses and Business Interests.
joining Houlihan Lokey, Mr. Tchen was a systems programmer for the
IBM Corporation specializing in IBM mainframe operating systems and other IBM
B.S. in Mathematics
and Computer Science from the University of Illinois,
Champaign-Urbana and an MBA from the University of California,