Houlihan Lokey Advises Liberty Tax, Inc.

Houlihan Lokey served as financial advisor to the Special Committee of the Board of Directors of Liberty Tax, Inc. (now known as Franchise Group, Inc.), a leading provider of U.S. tax preparation services operating largely through franchises in connection with (i) its acquisition of Buddy's Home Furnishings from significant stockholder Vintage Capital and (ii) an optional tender offer partially financed by Vintage Capital for all unaffiliated shares of common stock. Request more information regarding this transaction.

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