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Houlihan Lokey to Acquire MVP Capital

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Acquisition Significantly Bolsters Firm's Coverage of Telecommunications Sector

Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, has agreed to acquire MVP Capital (MVP), an independent advisory firm that provides a range of advisory services to clients in the technology, media, and telecom (TMT) sector. The transaction, signed June 23, adds substantially to the firm's coverage of the telecommunications sector and expands Houlihan Lokey's footprint in the U.S. The transaction is expected to be completed next quarter following regulatory approval.

Founded in 1987, MVP serves clients across the TMT sector, providing mergers and acquisitions advisory, capital formation, and other advisory services. Since its founding, MVP has advised on more than 300 M&A and private placement transactions in the TMT sector. With an emphasis on telecom, internet infrastructure, and broadcast industries, MVP's sectors of focus include fiber, towers, small cells, distributed antenna systems (DAS), wireless, data centers, cloud and managed services, and radio and television broadcasting.

As part of this transaction, MVP's investment banking team will become part of Houlihan Lokey's global TMT Group. Jason Hill, MVP Managing Partner, will join as a co-head alongside Rob Louv and Roy Kabla, who currently lead the firm's team. In addition, MVP CEO Greg Widroe will assume a senior role in the TMT Group, focusing in part on strategic initiatives. The acquisition will add 25 financial professionals to Houlihan Lokey's TMT Group, including MVP's seven managing directors, bringing the global TMT team to more than 60 financial professionals.

"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," said Mr. Hill. "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. We're excited to join Rob, Roy, and the rest of the global TMT team to uphold the standard of excellent and outstanding service that Houlihan Lokey represents."

"Without question, MVP's extensive sector knowledge and execution expertise has driven its success as an exceptional advisory firm. However, it is clear to us that this success is also maintained and reinforced by many of the cultural characteristics we strive to embody at Houlihan Lokey, foremost among them our steadfast dedication to our clients," said Scott Adelson, Houlihan Lokey's Co-President and Co-Head of Corporate Finance. "In all respects, they are a perfect fit with our corporate culture, and we are confident that the MVP team will contribute meaningfully to the growth of the TMT Group and to our clients' success, as well."

"MVP and Houlihan Lokey share core values, including the importance of long-term relationships and a commitment to teamwork. MVP and Houlihan are both dedicated to helping our clients achieve superior outcomes by providing thoughtful and innovative solutions," said Mr. Widroe. "We look forward to joining our new partners at Houlihan Lokey and becoming a part of a global client-focused independent advisory firm."

Keefe, Bruyette & Woods acted as financial advisor to MVP Capital and Houlihan Lokey advised itself on the transaction. Proskauer Rose LLP served as legal counsel to Houlihan Lokey and Mayer Brown LLP was legal counsel to MVP.

About Houlihan Lokey

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. Houlihan Lokey is the No. 1 M&A advisor for the past five consecutive years in the U.S., the No. 1 global restructuring advisor for the past six consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv (formerly Thomson Reuters).

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