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Tuesday, March 11, 2014
HOULIHAN LOKEY STRENGTHENS TECHNOLOGY COVERAGE WITH ACQUISITION OF ARCHPOINT PARTNERS
Addition of Specialist Investment Banking Team Deepens Firm’s Expertise and Relationships Across Technology Industry
SAN FRANCISCO and NEW YORK – March 11, 2014 – Houlihan Lokey, the international investment bank, today announced that it has acquired ArchPoint Partners, LLC (ArchPoint), a San Francisco-based independent investment banking firm that provides mergers and acquisitions and private capital raising advisory services to clients in the technology sector. The transaction, which closed on March 7, significantly enhances Houlihan Lokey’s global coverage and capabilities for clients across the technology sector.
Founded in 2009, ArchPoint focuses exclusively on the technology sector. The firm has developed a strong reputation since its founding, advising numerous companies on financings and business combinations with key sector private equity firms as well as large-cap infrastructure and application software vendors including IBM, Microsoft, SAP, Google, Yahoo! and Symantec. ArchPoint’s founding team has combined prior experience of more than 400 completed transactions totaling $200 billion and is considered a leader in SaaS business advisory work, having completed more than 50 transactions for SaaS companies.
ArchPoint co-founders and Managing Directors John Cooper and Rob Louv will jointly lead Houlihan Lokey’s Technology Group, reporting to Scott Adelson and Bob Hotz, Co-Heads of Corporate Finance. Susan Blanco and Dan Williams, ArchPoint’s other co-founders, will also serve as Managing Directors in the Group. ArchPoint’s founders previously worked together in senior corporate and banking positions at Microsoft and JPMorgan Chase, among others.
Co-head Rob Louv and Managing Director Susan Blanco discuss the benefits of joining Houlihan Lokey and the value their team brings to the firm with its long track record of creating exit success for clients through M&A and capital raises, and providing new perspectives on potential buyers and investors.
“The ubiquity of technology in every facet of society is undeniable,” said Mr. Adelson. “By joining Houlihan Lokey, ArchPoint’s banking team will be able to forge direct relationships with end-users of technology in every industry in which we do business; similarly, these end-users will now have access to unmatched technology expertise, particularly in the software space. This acquisition is a fantastic addition to the arsenal of intellectual capital we provide our clients, and we’re delighted that the ArchPoint team is joining Houlihan Lokey.”
The acquisition comes at a particularly opportune time given recent M&A activity in the sector. In 2013, US technology M&A volume totaled $128.7 billion, the highest in more than a decade; year to date, 2014 volume through February was already more than $43 billion, according to Thomson Reuters data. Other factors, including continued private equity interest in the sector and the widespread belief that the global economy is improving, support continued deal activity in the sector.
“Since forming ArchPoint, we have worked diligently to build on our excellent track record with each client engagement through achieving superior outcomes, and we are eager to continue that momentum with Houlihan Lokey,” said Mr. Cooper. “Joining a firm with Houlihan Lokey’s reputation, global reach, and client relationships, particularly among financial sponsors, is an extremely exciting opportunity, and we look forward to building a first-class Technology Group here,” added Mr. Louv.
Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. Houlihan Lokey is ranked as the No. 1 M&A advisor for all U.S. transactions, the No. 1 global restructuring advisor, and the No. 1 global M&A fairness opinion advisor over the past 20 years, according to Thomson Reuters.
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