In Defense News, Milko Pavlov, Managing Director, and Anita Bucanac,
Director, in Houlihan Lokey’s Financial and Valuation Advisory business,
examine why joint ventures are becoming an increasingly important tool in
Europe’s defence build-up.
Mr. Pavlov and Ms. Bucanac highlight the growing importance of valuation
discipline in defence partnerships, particularly as European defence
collaboration evolves from informal alliances into structured ventures with
significant equity stakes. They contend that successful partnerships require
clear alignment on ownership, control, intellectual property, value creation,
and exit arrangements from the outset.
You can read the article here.