Houlihan Lokey Expands Transaction Advisory Services Practice–CORRECTED

The global investment bank Houlihan Lokey has added two people to its transaction advisory services practice. Jerome Schwartzman joins from Duff & Phelps, a law firm whose M&A tax services group he led. Schwartzman will be based in New York as Houlihan’s head of M&A tax due diligence services. CORRECTION: An earlier version of this piece incorrectly characterized Duff & Phelps. Duff & Phelps Corporation is a financial advisory and investment banking firm.

Andrew Deren joins the bank from Mesirow Financial Consulting, where he was a senior VP, specializing in distressed M&A. Deren will be based in Chicago, where as a senior VP, he’ll be focused on expanding Houlihan’s advisory services practice.


NEW YORK & CHICAGO–(BUSINESS WIRE)–Houlihan Lokey, an international investment bank, today announced that Jerome M. Schwartzman and Andrew Deren have joined the firm’s Transaction Advisory Services (TAS) practice as part of the group’s on-going expansion.

“We’re pleased to have Jerry and Andy join our team”

Mr. Schwartzman is a transactional attorney with a broad range of domestic, foreign and cross-border tax due diligence and tax structuring experience for both private equity and corporate clients. He joins the New York office as a Director and Head of M&A Tax Due Diligence Services. Previously, he initiated and led the M&A Tax Services Group at Duff & Phelps, where he managed due diligence teams and worked closely with corporate and tax counsel to resolve acquisition structure and deal issues.

Mr. Deren joins the Chicago office as a Senior Vice President, where he will focus on expanding Houlihan Lokey’s TAS efforts. Prior to joining Houlihan Lokey, Mr. Deren was a senior vice president in Mesirow Financial Consulting’s Corporate Recovery practice, specializing in distressed M&A. Prior to joining Mesirow Financial Consulting, he was a senior manager at Deloitte & Touche LLP in the M&A Transaction Advisory Services Group. He has extensive experience providing operational and financial due diligence, accounting structuring, evaluating carve out issues, human capital, systems and financial reporting aspects of transactions.

“We’re pleased to have Jerry and Andy join our team,” said Sam W. Clark, IV, Managing Director and Global Head of Houlihan Lokey’s Transaction Advisory Services practice. “The addition of these two seasoned transaction advisory professionals to our growing due diligence platform allows us to better serve our corporate and private equity clients across the globe. In particular, Jerry’s expertise in tax due diligence and structuring will prove especially valuable to clients as they struggle with complex tax issues related to potential buy- and sell-side transactions.”

“Houlihan Lokey has earned a strong international reputation as a leading investment banking, valuation and financial advisory firm,” Mr. Schwartzman said. “I’m excited to join the firm during a time of significant growth, and look forward to contributing to the expansion of the Transaction Advisory Services practice.” Mr. Deren added: “The combination of Houlihan Lokey’s dedicated industry model, transaction expertise and relationships with the private equity community allows the firm to offer a unique value proposition for advising on due diligence matters. I’m happy to be a part of the team.”

In addition to these new hires, David Sarfas, Senior Vice President, has transferred to Houlihan Lokey’s London office to support the firm’s TAS initiative for clients located across Europe as well as those making cross-border investments in European countries.

About Houlihan Lokey

Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm is ranked globally as the No. 1 restructuring advisor, the No. 1 M&A fairness opinion advisor over the past 10 years, and the No. 1 M&A advisor for U.S. transactions under $1 billion, according to Thomson Reuters. Houlihan Lokey has 14 offices and more than 800 employees in the United States, Europe and Asia. The firm serves more than 1,000 clients each year, ranging from closely held companies to Global 500 corporations. For more information, visit www.HL.com.