NEW YORK - Houlihan Lokey, Inc. (NYSE:HLI), a prominent global investment bank, announced the appointment of Geoff Rhizor as a Managing Director within its Technology Group. Mr. Rhizor, who will be based in San Francisco, is set to focus on the social impact/nonprofit and office of the CFO software sectors, while also collaborating with the FinTech Group.
Mr. Rhizor's move to Houlihan Lokey comes after a six-year tenure at Canaccord Genuity, where he played a pivotal role in establishing its West Coast technology investment banking practice. His previous experience includes positions at JMP Securities and Martin Wolf Securities, where he advised on M&A and financing transactions in the technology sector.
Ryan Lund, Co-Head of U.S. Technology and Global Co-Head of Software at Houlihan Lokey, expressed enthusiasm about the alignment of Mr. Rhizor's experience and sector knowledge with the firm's culture. He noted the rapid growth in the office of the CFO and social impact/nonprofit software sectors and anticipates that Mr. Rhizor's addition will further deepen the firm's industry expertise.
In response to his new role, Mr. Rhizor praised Houlihan Lokey's market relationships, range of services, and client-centric culture. He expressed eagerness to contribute to the firm's commitment to delivering successful outcomes for clients globally.
Houlihan Lokey's Technology Group, with over 165 financial professionals worldwide, is recognized for its M&A advisory, capital raising, restructuring, and financial and valuation advisory services. The firm's clientele includes a spectrum from early-stage to large publicly traded companies. In 2023, Houlihan Lokey was ranked as the top investment bank for global technology transactions, completing 89 deals according to LSEG (formerly Refinitiv).
Houlihan Lokey stands as a global leader in investment banking, with a focus on mergers and acquisitions, capital markets, financial restructuring, and advisory services. With a presence in the Americas, Europe, the Middle East, and Asia-Pacific, the firm is known for independent advice and intellectual rigor in its advisory services. Houlihan Lokey has consistently been ranked at the top for its M&A transactions globally and is recognized for its leadership in restructuring and fairness opinion advisory. This information is based on a press release statement.
In other recent news, Houlihan Lokey has been making strides in both personnel and financial growth. The global investment bank recently welcomed Andrew Atherton as a Managing Director for its FinTech Group. Atherton, a former Partner at Union Square (NYSE:SQ) Advisors, brings a wealth of experience in FinTech and enterprise application software sectors.
Houlihan Lokey has also reported a robust start to its fiscal year 2025, with first-quarter revenues reaching $514 million, marking a 24% increase from the previous year. The firm's adjusted earnings per share climbed by 37%, hitting $1.22. The Corporate Finance division spearheaded this growth with a 45% revenue increase, while Financial Restructuring revenues saw a slight decline.
In terms of future expectations, Houlihan Lokey has expressed optimism about continued growth quarter-over-quarter, given favorable market conditions. The integration of GCA has bolstered its European operations, and the firm is actively seeking acquisitions or organic hires to address underweighted sectors. However, it expects the tax rate to be at the higher end of the historic range due to operations in higher tax jurisdictions. These are among the recent developments at Houlihan Lokey.
InvestingPro Insights
Houlihan Lokey, Inc. (NYSE:HLI) continues to demonstrate its commitment to growth and shareholder value. A notable InvestingPro Tip highlights the company's track record of raising its dividend for 9 consecutive years, showcasing its reliable return to investors. In addition, analysts are showing confidence in Houlihan Lokey's future performance, with 5 analysts having revised their earnings expectations upwards for the upcoming period, signaling potential strength in the company's financials.
From an investment standpoint, Houlihan Lokey's market capitalization currently stands at $10.58 billion, reflecting its significant presence in the investment banking sector. The company also boasts a high P/E ratio of 32.05, which suggests that investors are willing to pay a premium for its earnings, possibly due to its strong market position and consistent performance. Furthermore, its revenue growth over the last twelve months was 11.37%, indicating a solid trajectory in its business operations.
Investors interested in delving deeper into Houlihan Lokey's performance and potential can find additional InvestingPro Tips on the company's profile at https://www.investing.com/pro/HLI. Currently, there are 11 more tips available, providing a comprehensive analysis of the company's financial health and market position.
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