Houlihan Lokey Advises E78 Partners

Houlihan Lokey is pleased to announce the sale of Element 78 Partners Holdings, LLC (E78 Partners) to Further Global Capital Management, LP. (Further Global). The transaction closed on December 1, 2021.

E78 Partners provides private equity firms, portfolio companies, and corporate clients with a comprehensive suite of services and technology-enabled solutions designed for the office of the CFO. E78 was founded by two former private equity professionals in Chicago in 2016, CEO John Signa and CFO Adam East, who have overseen the company's strategic expansion into eight additional markets: Austin, Dallas, Charlotte, New York City, Los Angeles, San Francisco, Seattle, and Portland. Today, the firm serves as an extension of its clients' teams representing over 100 alternative investment fund managers, including private equity, venture capital, and hedge and real estate funds. As an outsourced provider of CFO and fund administration services to the alternative investment industry, E78 is responsible for more than $30 billion in assets under administration. Additionally, E78 works with hundreds of private equity and venture-capital-backed portfolio companies providing a range of finance, accounting, and technology solutions that support value creation initiatives and operational efficiency across the office of the CFO. The company has a team of more than 250 professionals across eight offices.

Further Global is an employee-owned private equity firm that makes investments in businesses within the financial services industry. Further Global seeks to be a true partner with the management teams with whom it invests with an objective to be the "Capital Partner of Choice" to the industry. Further Global seeks out situations in which its extensive network, operational expertise, and capital can drive significant value. Further Global has raised over $2 billion of cumulative committed and invested capital.

Houlihan Lokey served as E78’s exclusive financial advisor and assisted in marketing, structuring, and negotiating the transaction on behalf of E78.

This transaction exemplifies the continued success of Houlihan Lokey’s dedicated coverage of the specialty consulting and risk (SC&R) market to deliver an outstanding result to the selling shareholders.