Houlihan Lokey, Inc. operates as an independent investment bank providing strategic and financial advice to corporations, financial sponsors, and government agencies worldwide. The firm's business model is built around three primary segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory. The Corporate Finance segment, which typically generates the majority of the firm's revenue (historically over 50%), provides general financial advisory services, including M&A and capital markets advisory. The Financial Restructuring segment advises debtors, creditors, and other interested parties in complex out-of-court and formal bankruptcy proceedings. The Financial and Valuation Advisory segment provides fairness opinions, solvency opinions, and a variety of valuation and financial consulting services. For the fiscal year ended March 31, 2024, the company generated $1.91 billion in total revenue. Headquartered in Los Angeles, Houlihan Lokey maintains a significant global footprint with offices across the Americas, Europe, the Middle East, and the Asia-Pacific region. The firm's competitive position is strengthened by its independence from major lending, trading, and research operations, which minimizes conflicts of interest and makes it a highly trusted advisor for fairness opinions and complex restructurings. It consistently ranks at the top of global league tables for mid-cap M&A transactions and global restructuring assignments.
