David Kelnar, a Managing Director in Houlihan Lokey’s Capital Solutions Group, is quoted prominently in a Private Equity International feature on the firm’s European Defence Market Update, which highlights a strong upswing in European defence IPOs, M&A activity, and private capital inflows driven by ongoing geopolitical tensions. The article also notes improvements in exit conditions, the acceleration of capital deployment into the sector, and the emergence of resilience as a key investment theme across European markets.
Read the article here.