Houlihan Lokey Advises Periscope Equity

Houlihan Lokey is pleased to announce that Periscope Equity (Periscope), a Chicago-based private equity firm that partners with founder-owned, technology-enabled business services companies, has invested in Reservoir Communications Group (Reservoir), a leading Washington, D.C.-based healthcare consultancy focused on helping clients address their most important business, advocacy, policy, and reputation challenges and opportunities. The terms of the transaction were not disclosed.

The partnership between Reservoir and Periscope is designed to accelerate Reservoir’s growth and scale. Since Reservoir’s founding in 2014, the firm has continued to expand its issue- and skill-based expertise across advocacy, corporate communications, and market readiness, particularly among innovative healthcare brands, trade associations, and nonprofit organizations.

As part of this next phase of growth, Reservoir and Periscope will capitalize on opportunities to bring best-in-class technology, infrastructure, and staffing support to continue meeting the complex and pressing communications, business, and policy needs of Reservoir’s clients.

Since its founding in 2012, Periscope has had a strong track record of investing in businesses with mission-critical service offerings, a history of sustainable profitability, and known avenues to accelerate growth. In alignment with proven management teams, Periscope seeks to provide operational and commercial support to drive investment returns.

Houlihan Lokey served as the exclusive financial advisor to Periscope Equity. This deal highlights Houlihan Lokey’s leading experience in the pharma commercialization space and represents the firm’s 28th transaction in this sector since 2019.

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