PRESS RELEASESMonday, December 3, 2018

Houlihan Lokey Continues Expansion of Its Technology, Media & Telecom Group

Steven M. Cramer Joins as a Managing Director to Cover Gaming

LOS ANGELES – December 3, 2018 – Houlihan Lokey (NYSE:HLI), the global investment bank, today announced that Steven M. Cramer has joined the Technology, Media, & Telecom (TMT) Group as a Managing Director to oversee the gaming sector. He is based in Los Angeles.

Mr. Cramer joins from Imperial Capital, where he was a Managing Director covering the gaming, lodging & leisure, and entertainment sectors. While at Imperial Capital, he worked on a range of transactions across M&A, capital markets, and restructuring. Prior experience also includes investment banking roles at Credit Suisse and Morgan Stanley. Over the course of his career, he has advised numerous corporate and financial sponsor clients involved in the casino gaming, lodging & leisure, and entertainment space. 

“Given the prevalent convergence trends and synergy opportunities across the TMT sector, particularly with respect to convergence in gaming, digital technology, and content development, adding a banker with Steven’s breadth of experience is a very significant benefit for the Group and its clients. We’re delighted that he has joined the team and confident that our TMT clients will benefit substantially from his expertise,” said Roy Kabla, Global Co-Head of the TMT Group.

“I’m excited to join a firm that successfully combines all the elements necessary to deliver superior outcomes for our clients: intellectual capital, strong local relationships, global reach, and a breadth of services that helps clients take advantage of every opportunity and meet every challenge. I look forward to continuing the growth and momentum in Houlihan Lokey’s TMT Group,” said Mr. Cramer.

Mr. Cramer’s hire follows the September appointment of Roy Kabla as Managing Director and Global Co-Head of the TMT Group and the addition of Vikram Pandit as a Director in the Group.  The TMT Group is now comprised of 15 officers.

“As we continue to expand our TMT Group, we seek genuine sector experts who combine decades of industry knowledge and relationships with a client-centric, solutions-oriented application of investment banking expertise,” said Rob Louv, Global Co-Head of the Technology, Media & Telecom Group. “Steven is an excellent cultural fit in that respect and we have no doubt that he will continue his track record of success at Houlihan Lokey,” he added.

Mr. Cramer holds a BA in Economics with Distinction from Stanford University and an MBA from the Harvard Graduate School of Business Administration.

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. Houlihan Lokey is the No. 1 M&A advisor for the past six consecutive years in the U.S., the No. 1 global restructuring advisor for the past seven consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.

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