Latest news with #HoulihanLokey
Bloomberg
4 days ago
- Business
- Bloomberg
SVP, Lenders in Advanced Talks to Extend Kloeckner's Senior Debt
Strategic Value Partners and a group of creditors of Kloeckner Pentaplast are in advanced talks to extend the maturity of the German packaging company's senior debt beyond next year as inflation and waning demand pressure its business, according to people with knowledge of the matter. As part of the discussions, the group of senior creditors have asked the US alternative investment firm —which is the controlling shareholder of the company — to inject about €300 million ($343 million) of equity into Kloeckner Pentaplast, said the people, who asked not to be identified discussing private information. The creditor group is being advised by Gibson Dunn & Crutcher and Houlihan Lokey Inc.
Yahoo
4 days ago
- Business
- Yahoo
Houlihan Lokey Expands Global Technology Group with Senior Hire
Craig Rogowski Joins as a Managing Director Focused on Infrastructure Software NEW YORK, June 02, 2025--(BUSINESS WIRE)--Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Craig Rogowski has joined the firm's global Technology Group as a Managing Director. Mr. Rogowski will expand the team's efforts across the infrastructure software sector. Mr. Rogowski joins from BofA Securities, where he was a Managing Director focused on strategic advisory and capital-raising transactions in the infrastructure software sector. Prior to BofA Securities, he started and led Baird's infrastructure software and cybersecurity practice. Mr. Rogowski has more than two decades of experience and has advised on more than 75 M&A and corporate finance transactions for software companies. "Craig has a proven track record in deal origination, execution, and relationship management in the technology sector. His deep industry expertise will help to further bolster our best-in-class team, and he will be a tremendous resource for our clients at a time when emerging technological advancements driven by AI are precipitating rapid changes in software," said Ryan Lund, Co-Head of U.S. Technology and Global Co-Head of Software at Houlihan Lokey. "We look forward to Craig leveraging his strong industry knowledge, reputation as a strategic advisor, execution experience, and deep relationships within the market as we grow and continue to deliver exceptional service for our clients." "Houlihan Lokey's Technology Group, among the largest global technology teams in investment banking, is uniquely positioned to provide bespoke and subsector-specific advisory services, especially to those in the middle market who are focused on enterprise use cases and navigating the opportunities that this fast-changing industry landscape brings," said Mr. Rogowski. "It's an exciting opportunity to join Houlihan Lokey's team, and I look forward to capitalizing on its growing momentum in the market." Houlihan Lokey's Technology Group has earned a global reputation for providing superior service and achieving outstanding results in M&A advisory, capital-raising, restructuring, and financial and valuation advisory services. Its clients range from early-stage businesses and midsized companies to large, publicly traded corporations. In 2024, the group closed 101 transactions (according to LSEG*), which ranked the firm as the No. 1 technology investment banking team in the world for the third year in a row. * Excludes accounting firms and brokers. About Houlihan Lokey Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions for the past two years, the No. 1 M&A advisor for the past 10 years in the U.S., the No. 1 global restructuring advisor for the past 11 years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG. View source version on Contacts Investor Relations212.331.8225IR@ Media Relations917.331.1580PR@
Yahoo
25-05-2025
- Business
- Yahoo
FGIC Announces TSA Termination
NEW YORK, May 25, 2025--(BUSINESS WIRE)--Financial Guaranty Insurance Company ("FGIC") announces today that it has terminated the Transaction Support Agreement dated as of February 29, 2024 (the "TSA"), among FGIC and certain holders of outstanding FGIC-insured securities and units issued by the Custodial Trusts holding Puerto Rico-related securities insured by FGIC, regarding a potential transaction that would have accelerated the run-off of FGIC's insured portfolio in accordance with the terms of the TSA. The termination will be effective as of May 30, 2025. While FGIC remains open to exploring potential alternative transactions, FGIC will continue the long-term run-off of its remaining insurance policies, including seeking to reduce or otherwise resolve remaining policy obligations through consensual transactions on terms that are favorable to FGIC, in accordance with the terms of the First Amended Plan of Rehabilitation for FGIC, dated June 4, 2013. About FGIC FGIC is a New York stock insurance corporation and a wholly owned subsidiary of FGIC Corporation. FGIC emerged from rehabilitation on August 19, 2013, and is responsible for administering its outstanding insurance policies in accordance with the terms of the Rehabilitation Plan. Please visit Additional Information: Weil, Gotshal & Manges LLP is serving as counsel and Houlihan Lokey Capital, Inc. is serving as financial advisor. FORWARD-LOOKING STATEMENTS This notice contains "forward-looking statements" – that is, statements related to possible future events. Forward-looking statements often address expectations and beliefs as to future performance, results and business plans. You should not place undue reliance on forward-looking statements because they speak only as of the date they are made and are necessarily subject to risks and uncertainties that could cause actual results and performance to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are based upon FGIC management's current expectations and beliefs concerning future events. FGIC undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. View source version on Contacts Investor and Media Contacts:Investor Relations: Winston Wohr, +1 212.312.2776 or FGICinfo@ Press Relations: +1 212.312.2775 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Houlihan Lokey Shares Up Since Q4 Earnings Beat Estimates
Houlihan Lokey, Inc. HLI shares have risen 5.4% since the company reported its fiscal fourth-quarter results on May 7, 2025. The quarterly results gained from growth in its corporate finance, financial and valuation advisory, and financial restructuring businesses. However, higher expenses partially offset the upsides. HLI reported fiscal fourth-quarter 2025 adjusted earnings per share (EPS) of $1.96, which outpaced the Zacks Consensus Estimate by 21.7%. The bottom line advanced 54% year over year. Total revenues improved 28% year over year to $666.4 million in the quarter under review. The top line beat the Zacks Consensus Estimate by 6.4%. Houlihan Lokey, Inc. price-consensus-eps-surprise-chart | Houlihan Lokey, Inc. Quote Income before provision for income taxes increased 27.3% year over year to $150.3 million. Total operating expenses rose 26.2% year over year to $527.2 million. The year-over-year rise was due to higher employee compensation and benefits, and non-compensation expenses. The adjusted compensation expense ratio remained stable at 61.5%. (Find the latest earnings estimates and surprises on Zacks Earnings Calendar.) Corporate Finance: Revenues advanced 43.5% year over year to $412.7 million in the fiscal fourth quarter. The segment benefited from improved average transaction fees on closed transactions, driven by transaction mix in the quarter. It also advanced due to an increase in the number of closed transactions. Managing Directors rose 7.6%, and closed transactions jumped 21.5% year over year in the quarter. Financial Restructuring: The unit's revenues improved 5.9% year over year in the quarter under review. The segment benefited from an improved number of closed transactions and average transaction fees on closed transactions. Managing Directors and closed transactions rose 5.6% and 8.6%, respectively, in the fiscal fourth quarter. Financial and Valuation Advisory: The segment's revenues improved 15.1% year over year in the quarter under review due to a rise in the number of fee events. Improving M&A markets affecting service lines within this segment led to an improvement in the number of fee events. Managing Directors rose 7.7% in the fiscal fourth quarter. Total revenues increased 24.8% year over year to $2.4 billion in fiscal 2025. Total operating expenses rose 21.7% year over year to $1.9 billion in fiscal 2025. Adjusted EPS rose 40.1% year over year to $6.29 in fiscal 2025. Houlihan Lokey exited the fiscal fourth quarter with cash and cash equivalents of $971 million, which rose from $721.2 million at fiscal 2024-end. Total assets of $3.8 billion increased from $3.2 billion at 2024-end. Operating lease liabilities of $438.2 million increased from $415.4 million at the end of fiscal 2024. Total equity of $2.2 billion rose from $1.8 billion at fiscal 2024-end. HLI increased its cash dividend by 5% to 60 cents per share. The dividend will be paid out on June 15, 2025 to shareholders of record as of June 2. HLI currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Finance space are Horace Mann Educators Corp HMN, EverQuote Inc. EVER and Heritage Insurance Holdings Inc. HRTG, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Horace Mann Educators' current-year earnings of $4.01 per share has witnessed two upward revisions in the past 30 days against none in the opposite direction. Horace Mann Educators beat earnings estimates in three of the trailing four quarters and met once, with the average surprise being 24.1%. The consensus estimate for current-year revenues is pegged at $1.7 billion, implying 6.6% year-over-year growth. The Zacks Consensus Estimate for EverQuote's current-year earnings is pegged at $1.17 per share. EverQuote beat earnings estimates in each of the trailing four quarters, with the average surprise being 122.6%. The consensus estimate for current-year revenues is pegged at $644.1 million, suggesting 28.8% year-over-year growth. The Zacks Consensus Estimate for Heritage Insurance's current-year earnings of $3.25 per share has witnessed two upward revisions in the past 30 days against no movement in the opposite direction. Heritage Insurance beat earnings estimates in each of the trailing four quarters, with the average surprise being 363.2%. The consensus estimate for current-year revenues is pegged at $854.9 million, calling for 4.6% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EverQuote, Inc. (EVER) : Free Stock Analysis Report Horace Mann Educators Corporation (HMN) : Free Stock Analysis Report Heritage Insurance Holdings, Inc. (HRTG) : Free Stock Analysis Report Houlihan Lokey, Inc. (HLI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
23-05-2025
- Business
- Bloomberg
Tween Retailer Claire's Taps Advisers as Tariff Worries Mount
Claire's Stores Inc. is consulting Houlihan Lokey Inc. on how to shore up its finances as escalating tariff concerns pressure the retailer's earnings, according to people familiar with the situation. The purveyor of accessories for pre-teens has also tapped Alvarez & Marsal for operational assistance, said some of the people, who asked not to be identified discussing a private matter.
