Houlihan Lokey Advises Fexco

Houlihan Lokey is pleased to announce that Fexco has sold its majority stake in Goodbody Stockbrokers (Goodbody), a leading Irish provider of wealth management, corporate finance, and capital markets services, to AIB Group plc (AIB). The transaction closed on 31 August 2021.

Houlihan Lokey advised Fexco in relation to the sale of its 51% shareholding in Goodbody, and Goodbody Corporate Finance advised the Goodbody Employment Benefits Trust in respect of its 49% shareholding.

Fexco is a multinational financial and business solutions provider, with operations in 29 countries worldwide.

Goodbody, which manages assets of c. €8 billion and employs 300 people in offices across Ireland and the UK, provides financial services in three core segments—wealth management, asset management, and investment banking—to both private and corporate clients.

AIB is one of the largest financial services groups operating across both the Republic of Ireland and the UK. AIB provides a comprehensive range of services to personal, business, and corporate customers and has a leading market share in banking products in the Republic of Ireland.

AIB will acquire 100% of Goodbody for a consideration of €138 million.

This transaction serves as another successful transaction for the European Financial Institutions Group (FIG) at Houlihan Lokey, showing continued strong momentum by having advised on 12 successfully signed deals over the past 12 months.

This deal further adds to Houlihan Lokey’s wealth management expertise, having provided sellside advice on both the investment into Nordic independent wealth manager Formuesforvaltning and the raising of finance for Ascot Lloyd, a UK IFA.