Houlihan Lokey Advises Liberty Hall Capital Partners
Houlihan Lokey is pleased to announce the placement of capital to support Liberty Hall Capital Partners, L.P., (Liberty Hall) in its acquisition of Paxia, Inc. (Paxia or the company). The transaction closed on June 30, 2025. Houlihan Lokey served as exclusive financial advisor to Liberty Hall.
Liberty Hall is a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry. Liberty Hall's principals have a 25-plus-year history of working together and have led the investment of $3 billion in equity capital in more than 30 businesses serving multiple segments of the aerospace and defense industry, including the investment of $1.2 billion in equity capital in over 20 businesses since the formation of Liberty Hall in 2011. Liberty Hall executes a proven and repeatable investment strategy designed to transform middle-market businesses into larger, more capable and diverse strategic assets.
Founded in 2000 and headquartered in Herndon, Virginia, Paxia provides a SaaS-based, mission-critical, fully integrated, end-to-end onboard services and catering management platform designed to simplify and optimize the entire catering operation, connecting suppliers, caterers, kitchens, and airline operations through a “single source of truth.” Paxia serves several of the world’s leading airlines, including Alaska Airlines, British Airways, Cathay Pacific, Delta Air Lines, flydubai, and Scandinavian Airlines, offering a suite of modular solutions that supports all sizes of airlines with tailored applications and configurations to improve business operations and meet growing compliance requirements.
Liberty Hall engaged Houlihan Lokey’s Equity Capital Solutions team as financial advisor to structure and raise equity capital from both existing Liberty Hall and new investors to help complete the acquisition. This transaction represents the fifth closed deal over the past three months for the Direct Placements team within Equity Capital Solutions.
Houlihan Lokey helped identify and secure a syndicate of institutional investors who support Liberty Hall’s strategic value creation plan for Paxia and are fully committed to the company’s continued success. This transaction highlights our ability to provide strategic advice and drive a competitive process to deliver favorable outcomes for our clients on an accelerated timeline.
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