Houlihan Lokey hires new managing director for industrials

CHICAGO - Investment bank Houlihan Lokey, Inc. (NYSE:HLI) has bolstered its Transaction Advisory Services (TAS) team with the appointment of Abhishek Jain as a Managing Director, focusing on industrials sector due diligence. Jain's arrival is part of the firm's strategic expansion to enhance its advisory capabilities.

With a career spanning nearly 20 years, Jain is recognized for his financial due diligence acumen. His expertise covers a wide range of transactions, including M&A, strategic financial planning, and post-acquisition support.

Before joining Houlihan Lokey, Jain served as a Managing Director at KPMG within their Deal Advisory and Strategy Group. His experience includes a tenure at Alvarez & Marsal in London, where he led financial advisory services.

Sean Murphy, Head of TAS at Houlihan Lokey, praised Jain's collaborative approach and his extensive industry and transactional knowledge. Murphy expressed confidence that Jain's skill set would significantly contribute to the firm's growth and the enhancement of its industrials due diligence offerings.

Jain expressed enthusiasm about joining Houlihan Lokey, citing the firm's successful track record and client-focused ethos as key factors in his decision. He is eager to contribute to the TAS team's development and to uphold the high level of service that clients expect from Houlihan Lokey.

Houlihan Lokey stands as a preeminent global investment bank, offering services in M&A, capital markets, financial restructuring, and valuation advisory.

The firm's dedication to independent advice and intellectual rigor has earned it top rankings in various advisory categories, according to data from LSEG (formerly Refinitiv), including being the No. 1 M&A advisor in the U.S. for nine consecutive years and the top global restructuring advisor for ten consecutive years.

The information in this article is based on a press release statement from Houlihan Lokey, Inc.

Houlihan Lokey, Inc. (NYSE:HLI) continues to demonstrate its commitment to growth and excellence in the investment banking sector. As the company welcomes Abhishek Jain to its Transaction Advisory Services team, it's important for investors to consider the firm's financial health and market performance. Here are some insights based on the latest data from InvestingPro:

The firm's market capitalization stands at a robust $8.83 billion, showcasing its significant presence in the industry. With a P/E ratio of 31.68 and an adjusted P/E ratio for the last twelve months as of Q3 2024 at 34.36, the company is trading at a high earnings multiple.

This suggests that investors are willing to pay a premium for the company's shares, possibly due to expectations of future earnings growth or a strong track record of performance.

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Investors should note that Houlihan Lokey has a Price / Book ratio of 4.98 as of the last twelve months leading up to Q3 2024, which is on the higher end, indicating that the market values the company's assets quite favorably. Additionally, the firm has maintained its dividend payments for 10 consecutive years and has raised its dividend for 9 consecutive years, reflecting its commitment to returning value to shareholders.

InvestingPro Tips highlight that Houlihan Lokey is not only profitable over the last twelve months but also has a strong return over the last five years, indicating sustained performance. Analysts predict the company will be profitable this year, which may be of interest to potential investors looking for stable earnings.

To explore more about Houlihan Lokey's financials and to access additional InvestingPro Tips, interested parties can visit https://www.investing.com/pro/HLI. There are 9 more InvestingPro Tips available for Houlihan Lokey, which can be accessed with an additional 10% off a yearly or biyearly Pro and Pro+ subscription using coupon code PRONEWS24.

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