Houlihan Lokey acquires placement agent BearTooth from Riverstone

Investment bank Houlihan Lokey Inc has acquired BearTooth Advisors, a London and New York City-based placement agent and adviser, from Riverstone Holdings. No financial terms were disclosed.

As a result of the deal, the BearTooth team will form a private funds group, which will be part of Houlihan Lokey’s corporate finance business. The group will be led by BearTooth Partners Bob Brown, Andy Lund and Jim McGee.

BearTooth was co-founded in 2014 by Riverstone Holdings LLC and Brown, Lund and McGee. Prior to the acquisition, BearTooth was operating as a division of Riverstone Capital Services LLC and Riverstone Europe LLC.