Houlihan Lokey Expands in TMT With MVP Buy

Houlihan Lokey has agreed to acquire MVP Capital, an advisory firm specializing in the technology, media, and telecom (TMT) sector.

MVP’s services include mergers and acquisitions advisory, capital raising, restructuring advisory, and valuations. The firm’s sectors of focus include fiber optics, cell towers, distributed antenna systems, wireless communication, data centers, cloud and managed services, and radio and television broadcasting. San Francisco-based MVP was founded in 1987 and currently averages from 30 to 50 transactions per year.

As part of the purchase, MVP’s team – totaling 25 financial professionals including 7 managing directors – will become part of Houlihan Lokey’s TMT group.

Jason Hill, MVP’s managing partner, will join as the co-head of the TMT group alongside Rob Louv and Roy Kabla. In addition, MVP CEO Greg Widroe will join the TMT group in a senior role. When the transaction closes – which is expected in the third quarter – the Houlihan Lokey TMT group will have a total of 60 financial professionals.

“The transformation in the telecom and internet infrastructure industries, driven by the advent of 5G, cloud computing, and video streaming, will create meaningful and complex opportunities for our clients. These opportunities will require both deep sector expertise and a broad range of solutions,” said Mr. Hill. “Houlihan Lokey’s global platform, deep financial sponsor relationships, and outstanding private capital markets capabilities represent an extremely compelling opportunity for us to better serve our clients. We’re excited to join Rob, Roy, and the rest of the global TMT team to uphold the standard of excellent and outstanding service that Houlihan Lokey represents.”

“Without question, MVP’s extensive sector knowledge and execution expertise has driven its success as an exceptional advisory firm. However, it is clear to us that this success is also maintained and reinforced by many of the cultural characteristics we strive to embody at Houlihan Lokey, foremost among them our steadfast dedication to our clients,” said Scott Adelson, Houlihan Lokey’s co-president and co-head of corporate finance. “In all respects, they are a perfect fit with our corporate culture, and we are confident that the MVP team will contribute meaningfully to the growth of the TMT group and to our clients’ success, as well.”

Houlihan Lokey (NYSE: HLI) is an investment bank that provides mergers and acquisitions, capital markets, private funds advisory, financial restructuring, valuation, and strategic consulting services. The firm is headquartered in Los Angeles with offices across the United States, Europe, the Middle East, and the Asia-Pacific region.

Keefe, Bruyette & Woods was the financial advisor to MVP Capital on this transaction, and Houlihan Lokey advised itself.

Private Equity Professional | June 26, 2020