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Houlihan Lokey to acquire MVP Capital
Posted on Friday, 26 June 2020 13:05
Houlihan Lokey has agreed to acquire MVP Capital, an independent advisory firm that provides a range of advisory services to clients in the technology, media and telecommunications (TMT) sector, for an undisclosed amount.
The deal adds substantially to the firm’s coverage of the telecom industry and expands the buyer’s footprint in the US.
Completion is expected in the next quarter, following regulatory approval.
Founded in 1987, MVP serves clients across the TMT sector, providing mergers and acquisitions advisory, capital information and other advisory services.
Since being established, the company has advised on more than 300 transactions in the industry, with an emphasis on telecom, internet infrastructure and broadcast.
As part of the deal, MVP’s investment banking team will become part of Houlihan Lokey’s global TMT group, adding 25 financial professionals to the buyer’s roster and bringing more than 60 staff members.
Jason Hill, the target’s managing partner, said: “The transformation in the telecom and internet infrastructure industries, driven by the advent of 5G, cloud computing, and video streaming, will create meaningful and complex opportunities for our clients. These opportunities will require both deep sector expertise and a broad range of solutions
“Houlihan Lokey’s global platform, deep financial sponsor relationships, and outstanding private capital markets capabilities represent an extremely compelling opportunity for us to better serve our clients.”
The acquiror is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring and valuation.
Houlihan Lokey serves corporations, institutions and government worldwide with offices in the US, Europe, the Middle East and the Asia-Pacific region.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 178 deals targeting investment advisors announced worldwide in 2020 to date.
In the largest of these, a global investor consortium to acquire Duff & Phelps from Permira Advisers for USD 4.20 billion.
Shenhua Finance, Hargreaves Lansdown, Guotai Junan International Holdings and COSCO Shipping Group Finance, among others, have also been targeted in the year so far.
© Zephus Ltd