Houlihan Lokey, Inc. completed the acquisition of 7 Mile Advisors, LLC for $14.5 million.
December 07, 2023
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Houlihan Lokey, Inc. (NYSE:HLI) entered into an agreement to acquire 7 Mile Advisors, LLC on July 7, 2023. 7MA?s approximately 30 financial professionals, including five Managing Directors, will join the existing IT Services team in Houlihan Lokey?s Business Services Group. The acquisition will also add an office in Charlotte, North Carolina. The deal is expected to be completed this quarter following regulatory approval. Houlihan Lokey Capital, Inc. acted as financial advisor to Houlihan Lokey, Inc. (NYSE:HLI).
Houlihan Lokey, Inc. (NYSE:HLI) completed the acquisition of 7 Mile Advisors, LLC for $14.5 million on December 8, 2023. Total consideration included an unsecured note of $14.5 million bearing interest at an annual rate of 2.00 % and payable on December 11, 2053. The note was issued by the Company to the former principals and sellers of 7MA (who became employees of the Company). Under certain circumstances, the note will be pre-paid to each seller for Company stock over a three-year period in equal annual installments starting in December 2024.
Houlihan Lokey, Inc. is a global investment bank that focuses on mergers and acquisitions, capital markets, financial restructuring, and valuation. It provides its financial professionals with an integrated platform that enables them to deliver meaningful and differentiated advice to its clients. The Company's segments include Corporate Finance (CF), Financial Restructuring (FR), and Financial and Valuation Advisory (FVA). CF provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offerings. FR segment provides advice to debtors, creditors, and other parties in interest in connection with recapitalization/deleveraging transactions implemented both through bankruptcy proceedings and through out-of-court exchanges. FVA primarily provides valuations of various assets, including companies, illiquid debt and equity securities, and intellectual property (among other assets and liabilities).
HOULIHAN LOKEY, INC. 
