Houlihan Lokey is a famous advisory firm providing its advice services from acquisitions and mergers to bankruptcy. Houlihan has worked successfully on different deals of debt restructurings and bankruptcies. Lehman Brothers Holdings Inc., restructuring, Priceline Group Inc. purchasing Kayak Software Corporation and Enron Corporation bankruptcy are some deals carried out by Houlihan Lokey. Although it is good advisory firm offering its services on mergers and bankruptcies, it still felt there is a need for some more recognition to the company. In order to gain some recognition, Houlihan Lokey decided to initiate IPO for gaining prominence in public. The company has decided to trade 10.5 million dollar shares with 21 dollars for each share. Initially share price was below the range of company’s expectations i.e., in between 22 to 24 dollars. But unexpectedly, a considerable hike is seen in trading and is closed at 22.4 dollars per share.
From the source, it is found that Class A common shares are sold out by the executives and directors of Orix USA which is the US subsidiary of Japanese investment conglomerate Orix Corporation. Moreover, executives of this company are controlling and maintaining Class B stock which is supporting for Class A stock trading with ticker symbol HLI. Since beginning, the company is not interested in the capital but it is interested in enhancing the reputation of the company more in public. That is why, the company decided to initiate IPO.
Mergers &Acquisitions Expansion of Company
Houlihan Lokey was the constant growing company from the beginning of the establishment. It was established by Richard Houlihan and O. Kit Lokey in 1972 to provide services in the fields of valuation, accounting and finance. Total 980 employees are working in the company with nearly 20 branch offices worldwide. According to the records taken in the month of March this year, the company has 680.9 million dollars revenue along with 79.9 million dollars gained as profit. In 2012, total revenue of the company was recorded as 520.3 million dollars which hiked 31 percent more this year. Later, in 2006, Orix bought the control of the company at 500 million dollars. It is perfect in providing advice on mergers especially for transactions below 5 billion dollars.
Mergers and Acquisitions market is fruitful this year with increasing interest in public day-by-day. Newly acquiring companies are attracting public with emerging ideas like low-interest rates offered for borrowings. Moreover, they are careful about the deals to be done in a smooth way by attracting offers. This is why; the company is seen in good growth from many years. Houlihan Lokey followed the footsteps of Boutique Investment Bank, Moelis & Company, which initiated ‘Initial Public Offer (IPO)’ last year. Moelis & Company has initiated its first IPO last year with 25 dollars per share which rose up to 29.87 dollars per share. From beginning, Houlihan Lokey concentrated on mergers field more, in order to expand its services even more. The company bought Mesa Securities Inc., which is already providing merger advisory services to media and entertainment industries at a price which is not revealed by the company.
From the source, it is found that Class A common shares are sold out by the executives and directors of Orix USA which is the US subsidiary of Japanese investment conglomerate Orix Corporation. Moreover, executives of this company are controlling and maintaining Class B stock which is supporting for Class A stock trading with ticker symbol HLI. Since beginning, the company is not interested in the capital but it is interested in enhancing the reputation of the company more in public. That is why, the company decided to initiate IPO.
Mergers &Acquisitions Expansion of Company
Houlihan Lokey was the constant growing company from the beginning of the establishment. It was established by Richard Houlihan and O. Kit Lokey in 1972 to provide services in the fields of valuation, accounting and finance. Total 980 employees are working in the company with nearly 20 branch offices worldwide. According to the records taken in the month of March this year, the company has 680.9 million dollars revenue along with 79.9 million dollars gained as profit. In 2012, total revenue of the company was recorded as 520.3 million dollars which hiked 31 percent more this year. Later, in 2006, Orix bought the control of the company at 500 million dollars. It is perfect in providing advice on mergers especially for transactions below 5 billion dollars.
Mergers and Acquisitions market is fruitful this year with increasing interest in public day-by-day. Newly acquiring companies are attracting public with emerging ideas like low-interest rates offered for borrowings. Moreover, they are careful about the deals to be done in a smooth way by attracting offers. This is why; the company is seen in good growth from many years. Houlihan Lokey followed the footsteps of Boutique Investment Bank, Moelis & Company, which initiated ‘Initial Public Offer (IPO)’ last year. Moelis & Company has initiated its first IPO last year with 25 dollars per share which rose up to 29.87 dollars per share. From beginning, Houlihan Lokey concentrated on mergers field more, in order to expand its services even more. The company bought Mesa Securities Inc., which is already providing merger advisory services to media and entertainment industries at a price which is not revealed by the company.