Houlihan Lokey sees mid-cap opportunity in ECM advisory

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Houlihan Lokey sees mid-cap opportunity in ECM advisory

The traditional debt specialist is aiming to round out its growing European franchise with an equity capital markets advisory business.

Debt restructuring and advisory specialist Houlihan Lokey is launching a European equity capital markets (ECM) advisory practice under William Marshall, an ECM banker who has joined from the equity advisory team at Rothschild and who previously worked in equity syndicate and UK investment banking at Bank of America.

Houlihan Lokey, which has broadened its capital markets franchise well beyond its US debt advisory roots in recent years through organic expansion and a series of acquisitions, is looking to round out its European investment banking offering through the establishment of the new ECM advisory business.

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William Marshall,
Houlihan Lokey

For Marshall, part of the appeal of joining the firm was its status as one of the few investment banking growth stories in the current environment.

Houlihan’s European operation has grown from 80 bankers in 2014 to more than 260 now, with 180 staff in corporate finance and more than 40 dedicated to capital markets. The development of the firm’s business in the region is part of the strategy it outlined when listing in New York in 2015.

In October 2019, it acquired Fidentiis Capital, a Spanish mid-cap specialist.

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