Terms of Use and Legal Notices

Please read these Terms of Use (“Terms of Use”) carefully. By accessing this website (collectively with any content, functionality, or services offered on or through this website, the “Website”), you (which refers to you individually and, if you are using the Website on behalf of you company, your company) are indicating that you have read, acknowledge, and agree to be bound by these Terms of Use. Your agreement shown by accessing and using the Website is as legally binding as if you signed a written document. If you do not agree to all these Terms of Use, do not access or use the Website. If you do not have authority to legally bind your company, or do not agree that your company will be bound by these Terms of Use, you may not use the Website on behalf of your company. These Terms of Use may be supplemented or amended by specific disclosures and notices posted describing the products or services to which they relate. Certain sections or pages of the Website may contain separate supplemental terms of use (“Supplemental Terms”), which are in addition to these Terms of Use (together with the Supplemental Terms, if any, the “Terms”). You should read those Supplemental Terms carefully. By accessing such sections or pages, you agree to be bound by those Supplemental Terms. In the event of a conflict between these Terms of Use and those Supplemental Terms, those Supplemental Terms will govern your use of those sections or pages to the extent of such conflict. Unless otherwise indicated, any future release, update, or other addition to the functionality of the Website shall be subject to these Terms of Use.

THESE TERMS OF USE INCLUDE A WAIVER OF JURY TRIALS AND LIMIT THE REMEDIES THAT MAY BE AVAILABLE TO YOU IN THE EVENT OF A DISPUTE

Houlihan Lokey, Inc., and its subsidiaries (referred to as “us”, “our”, or “we”) may change these Terms of Use from time to time in our sole discretion, and you are responsible for regularly checking this page each time you access the Website so you are aware of any changes. When changes are made, we will make a new copy of these Terms of Use available at the Website. We will also update the “Last Updated” date at the top of these Terms of Use. Any material changes will be effective immediately for new users of the Website and will be effective thirty (30) calendar days after posting notice of such changes on the Website for existing users. We may also require you to provide consent to the updated Terms of Use in a specified manner before further use of the Website is permitted. If you do not agree to any change(s) after receiving notice of such change(s), you shall stop using the Website. Otherwise, your continued use of the Website following the posting of revised Terms of Use constitutes your agreement to the changes. 

We reserve the right to modify the content, features, and functionality of the Website, to shut down the Website, and to limit or deny access to the Website at any time, for any reason, without prior notice, in our sole discretion, and we will not be liable in any way to you or any third party for possible consequences of such actions. You are responsible for making all arrangements necessary for you to have access to the Website and ensuring that all persons who access the Website through your internet connection are aware of the Terms and comply with them. We have no obligation to provide you with any support or maintenance in connection with the Website.

To access the Website or some of the resources it offers, you may be asked to provide certain registration details or other information. To the extent you provide any registration information, you represent and warrant that all the information you provide on the Website is correct, current, and complete and will maintain and promptly update such registration information to keep it correct, current, and complete.

If you choose, or are provided with, a user name, password, or any other piece of information as part of our security procedures, you must treat such information as confidential, and you must not disclose it to any other person or entity. You also acknowledge that your account is personal to you and agree not to provide any other person with access to the Website or portions of it using your user name, password, or other security information. You will be solely responsible for the activities of anyone accessing the Website using a password assigned to you, even if the individual is not, in fact, authorized by you. You agree to notify us immediately of any known or suspected unauthorized access to or use of your user name or password or any other breach of security and will change your password if you believe your password may have been compromised or used without authorization. You also agree to ensure that you exit from your account at the end of each session. You should use particular caution when accessing your account from a public or shared computer so that others are not able to view or record your password or other personal information.

We have the right to disable any user name, password, or other identifier, whether chosen by you or provided by us, at any time in our sole discretion for any or no reason.

You agree not to use the Website (a) in violation of any provision of the Terms, (b) in any way that violates any applicable federal, state, local or international law or regulation, (c) to transmit, or procure the sending of, any advertising or promotional material without our prior written consent, including, but not limited to, any “junk mail,” “chain letter,” or “spam” or any other similar solicitation, (d) to impersonate or attempt to impersonate us, our employees, another user, or any other person or entity, (e) to engage in any conduct that restricts or inhibits anyone’s use or enjoyment of the Website, or which, as determined by us, may harm us or users of the Website or expose them to liability, or (f) in any manner that could disable, overburden, damage, or impair the Website.

You may not (i) attempt to gain unauthorized access to the Website, or computer systems or networks connected to the Website, through hacking, password or data mining, or any other means, (ii) use any device, software, or routine that interferes with the proper working of the Website, (iii) introduce any viruses, trojan horses, worms, logic bombs, or other material that is malicious or technologically harmful, (iv) attack the Website via a denial-of-service attack or a distributed denial-of-service attack, (v) use bots, spiders, or other automatic device, process, or means for any purpose other than accessing publicly posted portions of the Website and then only in accordance with the Terms, or (vi) otherwise attempt to interfere with the proper working of the Website.

The information presented on or through the Website is made available for informational purposes only. We do not warrant the timeliness, currency, reliability, relevance, accuracy, or completeness of this information, which may contain errors or inaccuracies, including but no limited to any typographical or substantive errors. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such information by you or any other visitor to the Website, or by anyone who may be informed of any of its contents. We reserve the right, in our sole discretion, without any obligation and without any notice requirement, to discontinue, change, improve, or correct the information presented on or through the Website. Any dated information is published as of its date only, and we have no responsibility to update or amend any such information. None of the information contained in the Website constitutes a recommendation, solicitation, or offer by us to buy or sell any securities or other financial instruments or provide any financial, legal, tax, investment, or other advice. Some products and services described in the Website may not be available in all jurisdictions or to all clients. Any transactions listed on the Website are included only as representative transactions. Past performance is no guarantee of future results. Certain of the information contained herein may be based upon forward-looking statements. Forward-looking statements are inherently uncertain and factors affecting the markets in general or industries or issuers in particular may cause events or results to vary from those described herein. Accordingly, you should not rely on or draw conclusions from forward-looking statements. 

The information, products, and services on the Website are provided on an "as is," "where is," and "where available" basis and are used only at your sole risk, without any representations, warranties, or conditions of any kind, whether express, implied, or statutory.

We and our affiliates, and our and their respective agents and licensors, expressly disclaim all express, implied, or statutory representations, warranties, or conditions with respect to the Website, including its content, and any products and services made available through the Website, including, without limitation, representations, warranties, or conditions (a) of merchantability, fitness for a particular purpose, quiet enjoyment, security, safety, title, legality, or non-infringement, (b) of error-free or uninterrupted use of the Website, that defects will be corrected, that the Website and the server that makes it available will be free of viruses or other harmful components, or with regard to any delay or loss of or limit on access to or use of the Website, (c) that the information on the Website will meet your needs or expectations, (d) arising from course of dealing or course of performance, (e) that the content or other information on the Website is timely, current, accurate, complete, relevant, or reliable, (f) relating to system performance and effects on or damages to software and hardware in connection with any use of the Website, and (g) regarding the results to be obtained from using the Website, including its content, or products and services made available through the Website.

We and our affiliates, and our and their respective agents and licensors, shall not be liable for any harm caused by any virus or other computer code or programming device that might be used to access, modify, delete, damage, corrupt, deactivate, disable, disrupt, or otherwise impede in any manner the operation of the Website or any of your software, hardware, data, or property due to your use of the Website or downloading of any material posted on it, or on any Website linked to it. You are responsible for implementing sufficient procedures and checkpoints to satisfy your particular requirements for anti-virus protection and accuracy of data input and output, and for maintaining a means external to the Website for any reconstruction of lost data. Except as otherwise required by law, we shall have no liability for losses caused by the negligence, actions or failure to act of any third party, including, but not limited to, your internet access provider.

Some jurisdictions do not allow the exclusion of implied warranties, so the above exclusion May not apply to you. Some jurisdictions do not allow limitations on how long an implied warranty lasts, so the above limitation May not apply to you.

To the maximum extent permitted by law, in no event shall we, our affiliates, or our and their respective agents, employees, officers, directors, or licensors have any responsibility of any kind or be liable to you or any third party for any losses, liabilities, damages, costs, or expenses that have arisen or arise directly or indirectly out of, or that relate directly or indirectly to, the Website, including, without limitation (a) your access to or use of the Website or any reliance by you on the Website, or inability to access the Website, (b) any information provided through the Website, including, but not limited to, the reliability, accuracy, completeness, or timeliness thereof, (c) any products or services provided through the Website, (d) any delays or errors in the transmission or delivery of any information or any part of the Website, or (e) the interception or use by third parties of any information you provide to us.

This is a comprehensive limitation of liability that applies to all losses, liabilities, damages, costs, and expenses of any kind whatsoever (whether direct, indirect, general, exemplary, consequential, incidental, special, punitive, or otherwise, including, without limitation, lost profits, data, revenue, business or savings, or other economic harm you may incur or suffer); whether such damages are reasonably foreseeable and regardless of the form of action or legal theory whether in contract, warranty, tort (including, but not limited to, negligence), strict liability or otherwise.

In any event our liability (collectively with the liability of our affiliates, and our and their respective agents, employees, officers, directors, and licensors) to you for any reason (regardless of whether such damages are reasonably foreseeable and regardless of the form of action whether in contract, warranty, tort (including, but not limited to, negligence), strict liability or otherwise) in no event cumulatively shall total more than fifty U.S. dollars (U.S. $50.00). The existence of more than one claim will not enlarge this limit.
 
If you are a California resident, you hereby waive California Civil Code Section 1542 in connection with the foregoing, which states, “A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.” 

Any cause of action or claim you may have with respect to your access to or use of the Website must be commenced within one (1) year after the claim or cause of action arises; otherwise, such cause of action or claim is permanently barred.

The foregoing does not affect any liability that cannot be excluded or limited under applicable law.

The Website and its entire contents, features, and functionality (including, but not limited to, all information, software, text, displays, graphics, photographs, illustrations, images, video, and audio; all pages and screens, the design, selection, and arrangement thereof; and all related metadata) are owned by us, our licensors, or other providers of such material and are protected by United States and international copyright and other intellectual property or proprietary rights laws and treaties. You may not access, modify, copy, download, upload, post, store, reverse engineer, disassemble, decompile, distribute, transmit, display, perform, reproduce, publish, license, sell, rent, lease, assign, host, frame, create derivative works from, transfer, or otherwise use in whole or in part any part of the Website, except for the purposes expressly provided herein, without our prior written approval.

You have a limited, revocable, non-transferable, non-exclusive privilege to view and copy the publicly accessible information on the Website for your personal noncommercial use, provided (a) you do not remove or modify any copyright, trademark, or other proprietary notices or any disclosures, (b) you agree to any terms, conditions, and notices accompanying such information, and (c) you comply with all copyright and other intellectual property laws. This privilege in no way constitutes a transfer of any right, title, or interest in any information you download. There are no implied licenses granted under these Terms of Use. This privilege can be terminated by us at any time, at which time you must, at our option, return or destroy all copies of the information. This privilege is conditioned on your continued adherence to all of these Terms of Use. If you print, copy, modify, download, or otherwise use or provide any other person with access to any part of the Website in breach of these Terms of Use, your right to use the Website will cease immediately and you must, at our option, return or destroy all copies of any materials you have made.

Houlihan Lokey, the Houlihan Lokey logo, and all other names, logos, product and service names, designs, and slogans that appear on the Website are trade names and trademarks of Houlihan Lokey, Inc., its affiliates or third parties. Houlihan Lokey is a trade name for Houlihan Lokey, Inc., and its subsidiaries and affiliates. You may not use any trade names or trademarks for any purpose, including, but not limited to, use as metatags on other pages or sites on the World Wide Web without our prior written permission or the written permission of the third party that owns such trade names or trademarks. 

Some of the information available through the Website is provided to us by third parties. These third-party materials are provided for your interest and convenience only. We do not endorse these materials or the vendors who supply them, nor do we warrant or represent that these materials are current, accurate, complete, relevant, or reliable. It is your responsibility to evaluate the currency, accuracy, completeness, relevance, and reliability of all information obtained or provided through the Website. You use these third-party materials at your own risk. 

Any information or materials you provide to us via the Website will be considered non-confidential and non-proprietary. By providing any such information or materials to us, you grant to us an unrestricted, irrevocable, worldwide, royalty-free, non-exclusive license to use, reproduce, modify, publicly display, publicly perform, disclose, transmit, distribute, create derivative works of, and reduce to practice such information and materials, and you further agree that we are free to use any ideas, concepts, or know-how that you provide to us. 

The Website may contain links to and be linked from third-party websites. These links are provided only as a convenience and do not imply an affiliation, sponsorship, endorsement, approval, warranty, investigation, verification, review, or monitoring by us of any information contained in any third-party website. We are not responsible for the information contained on that website or your use of or inability to use that website. You use these links at your own risk and should apply a suitable level of caution and discretion in doing so. You should make whatever investigation you feel necessary or appropriate before proceeding with any transaction in connection with such links. Links do not imply that any linked website is authorized to use any of our intellectual property. If you choose to connect to a third-party website, we make no warranties, either express or implied, concerning the content of such website, including, but not limited to, the accuracy, completeness, reliability, or suitability thereof for any particular purpose, nor do we warrant that such website or content is free from any claims of copyright, trademark, or other infringement of the rights of third parties or that such website or content is devoid of viruses or other contamination. You should also be aware that the terms of use of such website and such website’s privacy policy may be different from those applicable to your use of the Website.

We shall have no liability for third-party content or websites linking to or framing the Website. All links to the Website must be approved in writing by us, except that we consent to links in which (a) the link is a text-only link containing only the name “Houlihan Lokey”, (b) the link “points” only to www.HL.com and not to deeper pages, (c) when activated by a user, the link displays that page full-screen in a fully operable and navigable browser window and not within a “frame” on the linked website, and (d) the appearance, position, and other aspects of the link neither creates the false appearance that an entity or its activities or products are associated with or sponsored by us nor damages or dilutes the goodwill associated with our name or trademarks. We reserve the right to revoke this consent to link at any time.

We respect your privacy. See the Privacy Policy for an important description of the information, including your personal information, that we collect from you and what we do with it.

You hereby indemnify and hold harmless Houlihan Lokey, Inc., and its affiliates and their respective directors, officers, employees, affiliates, control persons, vendors, licensors, and agents, from and against any and all claims, actions, proceedings, judgments, awards, losses, liabilities, damages, fees, costs, and expenses (including, but not limited to, attorney’s and experts’ fees and costs) arising out of or related to (a) any breach by you of any part of the Terms, (b) any access to or use of the Website by you in violation of any rights of ours or any third party, including, but not limited to, copyright, patent, trade secret, trademark, or other intellectual property rights and publicity and privacy rights, (c) any access to or use of the Website by you in violation of any applicable law, rule, or regulation, (d) any unauthorized access to the Website or computer systems or networks connected to the Website, or (e) any other use or access by you (or on your behalf) of the Website. We reserve the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us, and you agree to cooperate with our defense of these claims. You agree not to settle any matter without our prior written consent. 

All matters related to the Website or the terms and any dispute or claim arising therefrom or related thereto (whether based upon contract, tort, or otherwise) shall be governed by, and construed in accordance with, the laws of the state of New York without regard to principles of conflicts of laws. Each of the parties irrevocably waives any right to trial by jury in any action, proceeding, or counterclaim (whether based upon contract, tort, or otherwise) related to the Website or the Terms.

Any claims or disputes arising out of or related to the Website or the Terms (whether based upon contract, tort, or otherwise) shall be brought and maintained in any federal or state court of competent jurisdiction sitting in the county of New York in the state of New York or in the United States District Court for the Southern District of New York, which courts shall have exclusive jurisdiction over the adjudication of such matters. You agree to venue in such courts, irrevocably submit and consent in advance exclusively to such jurisdiction and venue in any action or suit commenced in any such courts, and hereby waive in all respects any claim or objection which you may have based upon lack of personal jurisdiction, improper venue, or forum non conveniens, although we retain the right to bring any suit, action, or proceeding against you for breach of the terms in your country of residence or any other relevant country.

The Terms represent the complete and exclusive statement of the agreement between you and us regarding your rights to access and use the Website, and supersedes all prior agreements and representations (whether written or oral), regarding this subject matter, except as is otherwise provided herein. The Terms are in addition to, and do not nullify, any other agreement between you and us governing the conduct of your relationship with us. 

No waiver, modification, or amendment of any of the Terms shall be effective against us unless it is in writing and signed by one of our authorized officials. Unless the written waiver contains an express statement to the contrary, no waiver by us of any breach of any provision of the Terms or of any right provided for herein shall be construed as a waiver of any continuing or succeeding breach of such provision, a waiver of the provision itself, or a waiver of any right under the Terms. We do not waive any power or right under the Terms even if we do not insist on strict compliance with any of the Terms, or if we delay or fail to exercise any power or right given to us in the Terms.

All rights and remedies given to us in the Terms are cumulative and not exclusive of any other rights or remedies that we otherwise have at law or equity. The Terms shall be binding upon you and your executors, heirs, successors, and assigns. The Terms, and your rights and obligations herein, may not be assigned, subcontracted, delegated, or otherwise transferred by you without our prior written consent, and any attempted assignment, subcontract, delegation, or transfer in violation of the foregoing will be null and void. We may assign the Terms or any of its rights or obligations to any other party. The section titles in the Terms are for convenience only and have no legal or contractual effect. Your relationship to us is that of an independent contractor, and neither party is an agent or partner of the other.

If for any reason a court of competent jurisdiction finds any provision of the Terms to be unenforceable, that provision shall be enforced to the maximum extent permissible so as to affect the intent of the Terms, and the remainder of the Terms shall continue in full force and effect. A printed version of the Terms shall be admissible in judicial or administrative proceedings.

If you have any questions, complaints, or claims with respect to the Website, please contact us at Webmaster@HL.com. We will do our best to address your concerns. If you feel that your concerns have been addressed incompletely, we invite you to let us know for further investigation.

The communications between you and us use electronic means, whether you visit the Website or send us emails, or whether we post notices on the Website or communicate with you via email. For contractual purposes, you (a) consent to receive communications from us in an electronic form, and (b) agree that all terms and conditions, agreements, notices, disclosures, and other communications that we provide to you electronically satisfy any legal requirement that such communications would satisfy if it were in a hardcopy writing. The foregoing does not affect your statutory non-waivable rights.

We are committed to protecting the interests of its clients in the event of a business disruption. This Business Continuity Plan (the “Plan” or the “BCP”) summary details how the Firm will respond to events that significantly disrupt its business.

The Firm’s BCP addresses all areas affected by a business disruption of any type: data backup and recovery, financial and operational systems and assessments, alternative communications with clients, employees and regulators, as well as critical suppliers and banks, and alternate physical location of employees if necessary. The Plan is designed to enable the Firm to recover and restore business operations as quickly as possible, safeguard employees and property, protect the Firm’s books and records, and assure clients prompt service through alternative offices if the Firm is unable to continue its business locally.

In the event of a disaster in one of our regional offices or geographical areas, there should be minimal disruption in service due to designed redundancies for HL’s systems. Data and/or system recovery will begin in a timely manner given the event(s) causing the significant business disruption. All critical financial application and data files are replicated between multiple physical locations, including data centers in Las Vegas, Nevada, and Dallas, Texas. In the event of a significant business disruption, we plan to begin recovery immediately and notify clients how to contact the Firm through its Website (www.HL.com).

In the event of a disruption to the Firm’s primary data center in Las Vegas, Nevada, the Firm will restore mission-critical operations within 24 hours through the Firm’s disaster recovery site in Dallas, Texas. Other non-critical functions will be restored within 5 to 31 days at the disaster recovery site using backup copies stored at the disaster recovery site.

If you have questions regarding our Business Continuity Plan, you may contact us through the Website. The Plan is subject to change without notice. In the event that the Business Continuity Plan summary is modified, the updated summary document will be available at www.HL.com under Terms of Use. 

The material on the Website is not intended to be, or construed as being, investment advice or services or any offer or solicitation in respect thereof, nor a recommendation of any particular security or investment. Nothing in the Website is, or should be construed as, an offer to, or a solicitation of, any person to sell or buy any security or investment. You should obtain independent professional advice if you intend to buy or sell any security or investment.

United States

Houlihan Lokey Capital, Inc., and Houlihan Lokey Advisory, Inc., members of FINRA and SIPC, each provide investment banking, restructuring advisory, cross-border advisory, private placement, merger, acquisition, and divestiture services; Waller Helms Securities, LLC a member of FINRA, provides M&A, capital and strategic advisory services, special committee and fairness opinions; each is registered as a broker-dealer with the Securities and Exchange Commission; and each is regulated by the Financial Industry Regulatory Authority, Inc., as a FINRA Member Firm. Houlihan Lokey Financial Advisors, Inc., provides financial advisory services.

The information and services provided on the Website are not provided to and may not be used by any person or entity in any jurisdiction where the provision or use thereof would be contrary to applicable laws, rules, or regulations of any governmental authority, or regulatory or self-regulatory organization or clearing organization, or where we are not authorized to provide such information or services.

Europe

The contents of the Website have not been reviewed by the U.K. Financial Conduct Authority (the “FCA”), German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht or “BaFin”), or any other regulatory authority in Europe. The material on the Website is provided for informational purposes only, for intended recipients comprising professional investors, high-net-worth companies, and other institutional investors, but is not directed at, or intended for distribution or publication to or use by, any person or entity who is a citizen or resident of or located in any jurisdiction where such direction, distribution, publication, or use would be contrary to applicable law or regulation or which would subject Houlihan Lokey to any additional registration or licensing requirements with such jurisdiction.

The GDPR Article 27 Representative of Houlihan Lokey in the EU is
SECUWING GmbH & Co. KG
Frauenstraße 9
86152 Augsburg Germany
Email: GDPR_Article_27_Representative@secuwing.com

United Kingdom

Houlihan Lokey UK Limited

Houlihan Lokey UK Limited is a limited company incorporated in England and Wales, with its registered office at One Curzon Street, London, W1J 5HD, United Kingdom. It is registered with the Registrar of Companies for England and Wales with registered number 09536762 and is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 792919.

Houlihan Lokey Advisory Limited

Houlihan Lokey Advisory Limited is a limited company incorporated in England and Wales, with its registered office at One Curzon Street, London, W1J 5HD, United Kingdom. It is registered with the Registrar of Companies for England and Wales with registered number 01072627 and is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 116310.

Houlihan Lokey PFG Advisory Limited

Houlihan Lokey PFG Advisory Limited is a limited company incorporated in England and Wales, with its registered office at One Curzon Street, London, W1J 5HD, United Kingdom. It is registered with the Registrar of Companies for England and Wales with registered number 09806514 and is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 725267.

Where the material on the Website constitutes a financial promotion, it is issued and approved for distribution in the U.K. by Houlihan Lokey UK Limited, Houlihan Lokey Advisory Limited, and Houlihan Lokey PFG Advisory Limited only to and directed at (a) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (b) high-net-worth entities and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1) of the Order (all such persons together being referred to as “relevant persons”). Any material on the Website that constitutes a financial promotion must not be acted on or relied on by persons who are not relevant persons, and any investment activity to which the Website relates is only available to relevant persons and will be engaged in only with relevant persons.

For Houlihan Lokey UK Limited’s, Houlihan Lokey Advisory Limited’s, and Houlihan Lokey PFG Advisory Limited’s statement setting out a General Description of the Nature and Risks of Financial Instruments, please click here.

For Houlihan Lokey UK Limited’s, Houlihan Lokey Advisory Limited’s, and Houlihan Lokey PFG Advisory Limited’s Summary Conflicts of Interest Policy, please click here.

For disclosure relating to UK MIFIDPRU 8, please click here.

For disclosure relating to the UK Modern Slavery Act 2015, please click here.

For disclosure relating to the Gender Pay Gap, please click here.

For disclosures relating to the UK Financial Services Compensation Scheme, please click here.

For disclosures relating to the UK tax strategy, please click here.

Germany

Houlihan Lokey (Europe) GmbH

Houlihan Lokey (Europe) GmbH (“HLE GmbH”) is a limited liability company incorporated under German law, with its registered office at Marienturm, Taunusanlage 9-10, 60329 Frankfurt am Main, Germany (t: +49 (0) 69 204 34 6410, email: FF-Reception@HL.com). It is registered in the Commercial Register of the Local Court of Frankfurt am Main under the register number HRB 113808 (VAT number: DE 323844951). HLE GmbH is authorized and regulated by the Federal Financial Supervisory Authority (BaFin), Graurheindorfer Straße 108, 53117 Bonn, and Marie-Curie-Straße 24-28, 60439 Frankfurt am Main and may provide services in certain European countries in accordance with the Markets in Financial Instruments Directive ‘passporting’ regime. Legal representatives (Geschäftsführer) are: Andreas Bauer, Joseph Swanson, and Simon Woolton. Responsible for content as per section 18(2) German State Media Treaty (MStV): Andreas Bauer, Marienturm, Taunusanlage 9-10, 60329, Frankfurt am Main, Germany.

For HLE GmbH’s statement setting out a General Description of the Nature and Risks of Financial Instruments, please click here.

For HLE GmbH’s Summary Conflicts of Interest Policy, please click here.

HLE GmbH is a member of the Compensatory Fund of Securities Trading Companies (Entschädigungseinrichtung der Wertpapierhandelsunternehmen - EdW), 10865 Berlin, Germany, an unincorporated special fund of the German Federal Government established at the Kreditanstalt für Wiederaufbau (t: +49 30 203699-5626, f: +49 30 203699-5630, email: mail@e-d-w.de, Internet: www.e-d-w.de. For further information according to §23a KWG, please click here.

HLE GmbH has a complaints management process. In case of dissatisfaction related to a service provided by HLE GmbH, please send your complaint to the following email address: FF-Reception@HL.com. After receiving your complaint, we will (i) send you a written (email) acknowledgement within five days informing you that the complaint has been received and is being dealt with and (ii) ensure that you are kept up to date with progress in resolving your complaint. If you do not receive a final response within four weeks, you will be provided with a written statement explaining why and when we expect to be able to provide a response.

For HLE GmbH’s statements on sustainability-related disclosure requirements under Art. 3, Art. 4 and Art. 5 of EU Regulation 2019/2088 of 27 November 2019 on sustainability‐related disclosures in the financial services sector, please click here. For HLE GmbH’s information according to Art. 6 of EU Regulation 2019/2088 of 27 November 2019 on how HLE GmbH incorporates sustainability risks into investment advisory services, please click here.

Houlihan Lokey GmbH

Houlihan Lokey GmbH is a limited liability company under German law, with its registered office at Marienturm, Taunusanlage 9-10, 60329, Frankfurt am Main, Germany (t: +49 (0) 69 204 34 6410, email: FF-Reception@HL.com). It is registered in the Commercial Register of the Local Court of Frankfurt am Main under the register number HRB 92611 (VAT number: DE 282141226). It is a corporate finance advisor that does not provide regulated banking business or financial services, i.e., it does not hold a banking or financial services license. Legal representatives (Geschäftsführer) are: Martin Bastian, Christian Keller, and Simon Woolton. Responsible for content as per section 18(2) German State Media Treaty (MStV): Christian Keller, Marienturm, Taunusanlage 9-10, 60329 Frankfurt am Main, Germany.

Houlihan Lokey Germany AG

Houlihan Lokey Germany AG is a public limited company incorporated under German Law, with its registered office at Taunusanlage 9-10, 60329 Frankfurt am Main, Germany (t: +49 (0) 69 204 34 6410, email: FF-Reception@HL.com). It is registered in the Commercial Register of the Local Court of Frankfurt am Main under the register number HRB 132863 (VAT number: DE 129274501). It is a corporate finance advisor that does not provide regulated banking business or financial services, i.e., it does not hold a banking or financial services license. Legal representatives (Vorstand) are: Sascha Pfeiffer (Vorstandsvorsitzender), Moritz Freiherr von Bodman, Frank Merkel, Dr. Johannes Schmittat, and Tobias Schultheiß. Members of the Supervisory Board (Aufsichtsrat) are: Alexander Grünwald (Aufsichtsratsvorsitzender), Simon Woolton, and John Cowan. Responsible for content as per section 18(2) German State Media Treaty (MStV): Moritz Freiherr von Bodmann, Prannerstraße 4, 80333 Munich, Germany.

France

Houlihan Lokey (Europe) GmbH, Paris Branch

Houlihan Lokey (Europe) GmbH, Paris Branch, is a branch of Houlihan Lokey (Europe) GmbH, established under the ‘passporting’ regime as provided for by the EU Markets in Financial Instruments Directive, with its business address at 40 rue La Pérouse, 75016 Paris, France – 830 371 589 RCS Paris. Phone number: +33.1.53.43.38.00.

Houlihan Lokey France SAS

Houlihan Lokey France SAS is incorporated under French law with its business address at 40 rue la Pérouse, 75016 Paris, France, and with a registration number 847 712 791. It is a corporate finance advisor which does not provide regulated banking business or financial services in France, i.e., it does not hold a French banking or financial services license.

Houlihan Lokey Private Funds Advisory S.A.

Houlihan Lokey Private Funds Advisory S.A. is incorporated under French law with its business address at 5, rue Scribe 75009 Paris, France, and with a registration number 387 680 648. It is a corporate finance advisor which does not provide regulated banking business or financial services in France. Houlihan Lokey Private Funds Advisory S.A. is a member of the Chambre Nationale des Conseils Experts Financiers (CNCEF) Patrimoine and is registered with the ORIAS.

Hosting Provider: Houlihan Lokey, Inc., 10250 Constellation Boulevard, Los Angeles, CA 90067, United States. Phone number: +1 310-553-8871.

Italy

Houlihan Lokey S.p.A.

Houlihan Lokey S.p.A. is registered in the trade register of Milan (Registro Imprese di Milano) under number 04917520969, with its business address at Corso Matteotti, 5, 20121 Milano, Italy. It is a corporate finance advisor which does not provide regulated banking business or financial services, i.e., it does not hold a banking or financial services license.

Houlihan Lokey Italy s.r.l.

Houlihan Lokey Italy s.r.l. is registered in the trade register of Milan (Registro Imprese di Milano) under number 12566920158, with its business address at Via Marco de Marchi, 7, 20121 Milano, Italy. It is a corporate finance advisor which does not provide regulated banking business or financial services, i.e., it does not hold a banking or financial services license.

For disclosures relating to the whistleblowing regulatory framework (Italian Law n. 24/2023), please click here.

Netherlands and Belgium

Houlihan Lokey (Netherlands) B.V. is registered in the trade register of Amsterdam under number 343 07 885 with its business address at Roemer Visscherstraat 43-45, 1054 EW Amsterdam, Netherlands. Houlihan Lokey (Netherlands) B.V. has a branch office in Belgium, Houlihan Lokey (Netherlands) B.V. Belgisch bijkantoor, which is registered in the Belgian Crossroads Bank for Enterprises under enterprise number 0800.566.437, with its business address at Greenhouse Collection at the Singel, Desguinlei 100, 2018 Antwerp, Belgium. Houlihan Lokey (Netherlands) B.V. is a corporate finance advisor which does not provide regulated banking business or financial services, i.e., it does not hold a banking or financial services license.

Spain

Houlihan Lokey (Europe) GmbH, Sucursal en España, is a branch of Houlihan Lokey (Europe) GmbH, and is registered in the Commercial Register of Madrid under Volume 41639, Book 0, Sheet 1 and Page number M-737710, with registered offices at Edificio Torre Serrano, Marqués de Villamagna, 3 28001, Madrid, Spain and with Spanish Tax ID number (NIF) W-0078766-C.  Houlihan Lokey (Europe) GmbH, Sucursal en España is an investment services company registered with the BaFin under number 10156087  and with the Comisión Nacional del Mercado de Valores under number 145.

Houlihan Lokey (Europe) GmbH, Sucursal en España has a Customer Care Service, for Customer Care information please click here. If you need to contact the Customer Care Service please contact Customer Care Service (SpanishBranchCustomerCare@HL.com), Edificio Torre Serrano, Marqués de Villamagna, 3 28001, Madrid, Spain.

Houlihan Lokey (España), S.A. is registered in the Commercial Register of Madrid under Volume 26315, Sheet 66 and Page number M-474177, with registered offices at Edificio Torre Serrano, Marqués de Villamagna, 3 28001, Madrid, Spain and with Spanish Tax ID number (NIF) A-85598407.  The company is a corporate finance advisor and does not render any regulated services.

Sweden

Houlihan Lokey Sweden AB is registered in the Swedish Companies Registration Office with a registration number 559448-6150, and with business address at Biblioteksgatan 8, 111 46 Stockholm, Sweden. It does not provide regulated banking business or financial services, i.e., it does not hold a banking or financial services license.

Switzerland

Houlihan Lokey Switzerland AG is registered in the Commercial register of canton Zurich with a registration number CHE-103.822.128, and with business address at Klausstrasse 4, 8008 Zürich, Switzerland. It does not provide regulated banking business or financial services, i.e., it does not hold a banking or financial services license.

** Houlihan Lokey Switzerland AG does not provide bank or securities brokerage services and is not subject to FINMA supervision. **

Middle East

Dubai, United Arab Emirates

Houlihan Lokey (MEA Financial Advisory) Ltd.

Houlihan Lokey (MEA Financial Advisory) Ltd. is a company established in the Dubai International Financial Centre (DIFC) pursuant to the DIFC Companies Law, with registration number CL2471, and with a registered office at P.O. Box 507303, Level 17, ICD Brookfield Place, Al Mustaqbal St., Dubai International Financial Centre, Dubai. Houlihan Lokey (MEA Financial Advisory) Ltd. is regulated by the Dubai Financial Services Authority for the provision of advising on financial products, arranging deals in investments, and arranging credit and advising on credit with DFSA Reference Number F002414.

All communications and services are directed at professional clients only. Persons other than professional clients, such as retail clients, are NOT the intended recipients of our communications or services.

For disclosures relating to the DIFC Privacy Policy please click here.

Israel

Houlihan Lokey Israel Ltd., Israel branch, is a branch of Houlihan Lokey Israel Ltd., a limited company registered with the Registrar of Companies for England and Wales with registered number 09564954 and registered office at One Curzon Street, London, W1J 5HD, United Kingdom. The branch is registered with the Israeli Corporations Authority – Registrar of Companies, under corporation number 560031700, and with a registered office at 94 Yigal Alon St., 16th Floor, 6789156 Tel Aviv, Israel.

Asia Pacific

Australia

Houlihan Lokey (Australia) Pty Limited (ABN 74 601 825 227), a company incorporated in Australia, holds an Australian Financial Services Licence (“AFSL”) issued by the Australian Securities and Investments Commission (AFSL number 474953). The financial services are only provided to “wholesale clients” within the meaning of the Corporations Act 2001 (Cth). Nothing in this disclaimer excludes, restricts, or modifies a warranty, guarantee, right, or liability to the extent that to do so would be in breach of Australian law.

** Houlihan Lokey operates in Australia through its subsidiary, Houlihan Lokey (Australia) Pty Limited. Houlihan Lokey does not otherwise act through a branch, office or permanent establishment in Australia and does not provide banking services, securities brokerage services or accept deposits from or offer investment products to retail clients in Australia. Furthermore, Houlihan Lokey (Australia) Pty Limited is not authorised as an authorised deposit-taking institution (ADI) in Australia with the Australian Prudential Regulation Authority (APRA). **

China

HLHZ Investment Consulting (Beijing) Co., Ltd., and Houlihan Lokey (Shanghai) Co., Ltd., are companies incorporated in the People’s Republic of China which provide financial advisory services. They are not registered with the China Securities Regulatory Commission or other regulatory authorities in the People’s Republic of China to conduct any regulated activities.

The contents of the Website have not been reviewed by any regulatory authority in the People’s Republic of China. The material on the Website is provided for informational purposes only, for intended recipients comprising professional investors, high-net-worth companies, and other institutional investors, but is not directed at, or intended for distribution or publication to or use by, any person or entity who is a citizen or resident of or located in any jurisdiction where such direction, distribution, publication, or use would be contrary to applicable law or regulation or which would subject Houlihan Lokey to any additional registration or licensing requirements with such jurisdiction.

The material on the Website is not intended to be, or construed as being, investment advice or services or any offer or solicitation in respect thereof, nor is anything contained herein a recommendation of any particular security or investment. Nothing in the Website is, or should be construed as, an offer to, or a solicitation of, any person to sell or buy any security or investment. You should obtain independent professional advice if you intend to buy or sell any security or investment.

You are advised to exercise caution in relation to the information contained in the Website.

Hong Kong SAR

Houlihan Lokey (China) Limited is registered in Hong Kong with registered number 1176730 and is licensed by the Securities and Futures Commission (“SFC”) in Hong Kong (with CE No. ARC069) to engage in Types 1, 4, and 6 regulated activities for clients who are professional investors only.

The contents of the Website have not been reviewed by the SFC or any other regulatory authority in Hong Kong. The material on the Website is provided for informational purposes only, for intended recipients who are professional investors, but is not directed at, or intended for distribution or publication to or use by, any person or entity who is a citizen or resident of or located in any jurisdiction where such direction, distribution, publication, or use would be contrary to applicable law or regulation or which would subject Houlihan Lokey to any additional registration or licensing requirements with such jurisdiction.

India

Houlihan Lokey Advisory (India) Private Limited is registered in India with registration number U74900MH2011PTC215146 with business address Level 9, Platina, C-59, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051 and is licensed by the Securities and Exchange Board of India (“SEBI”) (with Registration No. INA000001217) as an Investment Adviser.

For Investor Charter, please click here.

For Complaint Data, please click here.

Japan

Houlihan Lokey Corporation and HL Succession Corporation provide financial advisory services in Japan.

The material on the Website is provided for informational purposes only and is not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in Japan or any other jurisdiction where such distribution, publication, availability, or use would be contrary to applicable law or regulation or which would subject Houlihan Lokey or its subsidiaries or affiliates to any registration or licensing requirements with such jurisdiction. Neither this Website nor any information or opinion on this website constitutes a solicitation, offer, or recommendation by Houlihan Lokey or its affiliates to buy or sell any securities, futures, options, or other financial product or offer to provide or solicitation to obtain any advisory or other service to any person or entity who is a citizen or resident of or located in Japan.

Singapore

Houlihan Lokey (Singapore) Private Limited is registered in Singapore with the unique entity number 201701198C and is an ‘exempt corporate finance adviser’, able to provide exempt corporate finance advisory services to accredited investors only. Its registered business address is 12 Marina Boulevard, #22-02 MBFC Tower 3, Singapore 018982. 

South America

Brazil

Houlihan Lokey Assessoria Financeira Limitada is registered as a limited liability company with the Board of Trade of the State of São Paulo (Registration Number 35260335427), with its business address at R. Leopoldo Couto de Magalhães Jr. 822, CJ. 111/112 – 11th Fl. – Ed. Union Faria Lima, São Paulo, SP 04542-011, Brazil. It is a financial advisor which does not provide regulated banking business or financial services, i.e., it does not hold a banking or financial services license.