Houlihan Lokey Buys Acris' I-Banking Unit

Houlihan Lokey has acquired the investment banking business of Acris, a financial boutique focused on the retail and consumer goods sectors in Continental Europe. Acris was formed in 2005, and last year advised Electra Partners on its sale of Deutche Woolworth. 

 

PRESS RELEASE

Houlihan Lokey, a leading international investment bank, today announced that it has acquired the investment banking business of Acris, a corporate finance boutique focused on the Continental European retail and consumer goods space. Acris Founder Dr. Arnold Holle will join Houlihan Lokey as a Director and will be responsible for European Retail. Acris' most important completed transaction last year was advising Electra Partners, the managers of the listed Electra Private Equity Plc, on the disposal of Deutsche Woolworth. This is an important step in the growth of Houlihan Lokey's European Investment Banking advisory platform and underscores the firm's commitment to providing industry focused financial advisory services.

Brian McKay, Managing Director and Head of European Investment Banking, commented, Houlihan Lokey continues on its growth trajectory as the current market environment works in our favour. We are thrilled to have Arnold join us to enhance our footprint in the European retail and consumer goods space, as well as in all geographies east of the Rhine, where Acris has been most active.

Dr. Holle added, I am excited to join this successful and growing platform. Acris pursued a number of discussions to widen our remit, but in the end we were convinced that Houlihan Lokey's business model, which is centered on industry groups, had the strongest potential, particularly at this point in the cycle. We see a fantastic opportunity to support our clients with a wider product range.

Acris was formed in 2005 to serve industry and private equity clients in the consumer goods and retail space on the Continent and has been involved in a number of high profile German retail transactions. Mr. Holle is a veteran of Goldman Sachs' and UBS' industry teams.

In Europe, Houlihan Lokey opened its London office in 2002 and rapidly established itself as a leading financial advisor in Europe. The firm has advised on significant transactions across the UK and Europe, including many international and Trans-Atlantic deals.

About Houlihan Lokey

Houlihan Lokey, an international investment bank, provides a wide range of services, including mergers and acquisitions, financing, financial opinions and advisory services, and financial restructuring. In 2007, the firm was ranked the No. 1 M&A advisor for U.S. transactions under USD 1.25 billion and the No. 1 M&A fairness opinion advisor by Thomson Financial. In addition, the firm was ranked the No. 1 restructuring investment banking firm by TheDeal.com's Bankruptcy Insider. Established in 1970, the firm has over 800 employees in 14 offices in the United States, Europe and Asia. Each year we serve more than 1,000 clients ranging from closely held companies to Global 500 corporations. For more information, visit www.HL.com.