HL Press Feed

Joseph Swanson Gives A Timely Interview On Debt to Real Deals Magazine

InsightsIdeas

Joseph Swanson, a Managing Director at Houlihan Lokey, talks about restructuring transactions, the high-yield bond market, and banks’ changing attitude towards lending in this piece for the Debt Insider section of Real Deals.

Click here to read the full article.

Study: The Value of a Strategic Review

InsightsIdeas

In April, 2010, Houlihan Lokey and Corporate Board Member Magazine conducted a Strategic Review Study that was sent to 1,000 directors of public companies. 243 directors returned the survey, constituting a near 25% response rate. In this piece, Corporate Board Member and Robert Hotz, Senior Managing Director and co-Head of Corporate Finance analyze and reveal the motivations of public company directors that are considering strategic review engagements based on the study’s findings. Hotz found that, "The most important reason for undertaking a periodic strategic review is to ensure that both the board of directors and management are aligned with respect to key issues facing the company and its overall strategic direction."

Click here to read the full article.

The Deal Interviews Bob Hotz on Middle Market Trends

Media Archive

Robert Hotz, Senior Managing Director and global co-head of Corporate Finance, conducts a video interview with The Deal for an article titled, "The Inimitable Middle Market."

Houlihan Lokey Acquires Red Pine Advisors

Press Release

Move Strengthens Houlihan Lokey’s Capabilities in the Valuation of Complex, Illiquid Securities

NEW YORK – Houlihan Lokey, an international investment bank, today announced the acquisition of Red Pine Advisors LLC, a New York‐based financial advisory firm that specializes in the valuation and pricing of illiquid structured product portfolios.

Red Pine will be part of Houlihan Lokey’s Portfolio Valuation & Advisory Services practice, a market leader in valuing illiquid instruments held by alternative asset managers and other financial institutions. Red Pine’s principals bring decades of experience in various asset classes, including structured products, real estate loans and illiquid corporate credit instruments. Red Pine’s three principals and 20 employees join Houlihan Lokey as part of this transaction.

Red Pine was founded two and a half years ago, in the midst of the financial crisis, as market participants struggled to determine the value of complex securities that could not be traded on traditional exchanges. Decreased liquidity, heightened financial reporting requirements and demands for greater transparency by regulators and investors created an increased need for third party valuations and led to significant growth for Red Pine since inception.

“Red Pine has developed a compelling platform and a strong reputation for the valuation of structured products, particularly in the banking, insurance and asset management industries,” said Michael Fazio, Managing Director and head of Houlihan Lokey’s Portfolio Valuation & Advisory Services. “Their expertise, technology and market position complement our existing business and will allow us to compete aggressively within this growing market segment.”

Red Pine combines unparalleled product expertise with powerful proprietary modeling techniques and robust access to market data. The result is valuations that are more accurate and efficient. Red Pine models project cash flows on the basis of deal and collateral credit fundamentals and capture up‐to‐the‐minute market color in order to calibrate modeling and yield assumptions, thereby allowing for constant reflection of market developments in the valuation process.

“We are excited to join forces with Houlihan Lokey, a pioneer in the valuation business, at a time when the firm is clearly expanding its footprint across the globe,” said Mitchell Kahn, Managing Principal of Red Pine. “We think our capabilities in structured products will be a valuable addition to the organization and clients of both firms will benefit greatly from the combination.” Prior to founding Red Pine Advisors with Thomas Bogal and Wade Vandegrift, Mr. Kahn was the Co‐President of RAIT Financial Trust (NYSE: RAS).

Houlihan Lokey Officers Receive a Nod from M&A Advisor's 40 Under 40 Awards

News
Several of Houlihan Lokey's officers were named in this year's recognition awards. Click here to read the full article.

Houlihan Unveils Indian Partnership

News
Investment Dealers' Digest investigates Houlihan Lokey's strategic purchase of a minority stake in Indian banking firm Avista. Click here to read the full article.