A deal has been struck for global investment bank Houlihan Lokey to buy GCA in a deal described as “an extremely exciting step.”
Under the terms of the deal, which was unanimously approved by the board of directors of both companies, the former will launch a takeover bid on August 4 to acquire all of the outstanding shares of the latter.
When completed, GCA will be fully integrated with Houlihan Lokey, while GCA Altium and GCA’s US operations will operate under the Houlihan Lokey brand.
Being part of the platform is expected to ‘create a lot of opportunities’ for GCA’s clients, giving them access to a much larger US platform in many sectors, to broader expertise across European businesses. and a wider range of services.
There will be no changes to teams or processes in open transactions as a result of the proposed transaction.
Phil Adams, Managing Director of GCA Altium, said: “Joining Houlihan Lokey is an extremely exciting step for GCA and an important step in our strong growth journey.
“The two firms combined will form the world’s largest independent M&A boutique, and the scale of our global platform will create fantastic opportunities for both our clients and our teams.
“We believe that GCA and Houlihan Lokey complement each other perfectly in terms of culture, industry and geographic coverage. We look forward to being part of such an exceptional company.”
Scott Beiser, Managing Director of Houlihan Lokey, added: “The acquisition of GCA will immediately create one of the world’s largest technology advisors, more in line with the size and importance of this industry in the global economy. today.
“In addition, this combination would significantly expand our presence in Europe and Asia and make Houlihan Lokey one of the most geographically diverse investment banking firms in our peer group.
“GCA’s corporate culture, corporate philosophy and customer focus all closely resemble those of Houlihan Lokey, and we believe that our combined organizations will allow us to serve our customers more effectively and position our business for the future. future as we continue to develop our range of products and services. around the world.”
GCA provides M&A and Capital Markets advisory services with more than 500 employees in 24 offices in America, Asia and Europe
Its European branch, GCA Altium, has banking teams in Birmingham, Frankfurt, Fukuoka, Ho Chi Minh City, Kyoto, Lausanne, Leeds, London, Manchester, Milan, Mumbai, Munich, Nagoya, New Delhi, New York, Osaka, Paris, San Francisco, Shanghai, Singapore, Stockholm, Tel Aviv, Tokyo and Zurich.