Houlihan Lokey(US:HLI)2023-07-27 22:09Company Overview - Houlihan Lokey is a global investment bank specializing in mergers and acquisitions, financial restructuring, and valuation advisory[84] - The company has a diversified revenue stream across clients, industries, geographies, transactions, and financial professionals, with no single professional responsible for more than 2% of revenues[124, 135] - As of June 30, 2023, the company has 35 locations worldwide, 2,595 global employees, and 326 managing directors[85] Financial Performance - The company's revenue for the fiscal year 2023 was $1.809 billion[91] - Adjusted pre-tax income for fiscal year 2023 was $428 million[89] - For the three months ended June 30, 2023, revenues were $416 million[49] Business Segments - Corporate Finance generated $1.090 billion in revenue, representing 61% of the total revenue for the last twelve months ended June 30, 2023[155] - Financial Restructuring generated $440 million in revenue, representing 24% of the total revenue for the last twelve months ended June 30, 2023[155] - Financial and Valuation Advisory generated $276 million in revenue, representing 15% of the total revenue for the last twelve months ended June 30, 2023[155] Market Position - Houlihan Lokey is the No 1 Global M&A Advisor Under $1 billion transactions[27] - The company is a market leader in placing bespoke capital in the private markets[31] - The company's market share in the Global mid-cap space is approximately 1%, based on the number of closed Corporate Finance transactions completed in CY 2022[28]