The number of acquisitions and mergers rises sharply in 2021. According to data provider Refinitiv, $3.9 trillion in deals have been announced until August. Wall Street financial institutions such as Goldman Sachs or J.P. Morgen are profiteers, but they tend to get a chance on larger deals. In contrast, the smaller investment bank Houlihan Lokey has consistently ranked first among M&A consultancies in the mid-cap segment for years.
Established in 1972, the company guides clients through the complex financial and strategic challenges that they face during each stage of their business life cycle. Houlihan serves a diverse set of clients worldwide with its expertise in mergers and acquisitions (M&A), capital markets, financial restructurings, and financial and valuation advisory.
For the first quarter ended June 30, 2021, Houlihan reported revenues of $373 million, compared with $211 million for the first quarter ended June 30, 2020. Adjusted net income was $82 million, or $1.19 per diluted share, compared with $38 million, or $0.56 per diluted share in the previous period, representing an increase of 115%.
in sum, Houlihan expands strongly and grew through various acquisitions. Currently, the acquisition of the Japanese competitor GCA Corporation is imminent.