Houlihan Lokey and Knight Form Joint Marketing Alliance
18 May 2010 - 8:05PM
Business Wire
Houlihan Lokey, an international investment bank, today
announced a joint marketing alliance with Knight Capital Group,
Inc. (Nasdaq: NITE), a leading provider of market access and trade
execution services across multiple asset classes.
Houlihan Lokey and Knight will team up to provide investment
banking, capital markets and sales and trading services to their
clients. Houlihan Lokey offers the industry-driven expertise of its
investment banking division and its experience in developing
financing solutions through a detailed understanding of its
clients’ industries and capital structures. Knight brings deep and
broad capabilities in distribution and trading, leveraging its
position as a leading liquidity provider to institutional and
retail investors. Together, the two firms will work to deliver
world-class capital markets capability, focused on equity and
fixed-income underwriting.
“By joining Knight’s distribution prowess with Houlihan Lokey’s
independent investment banking advice, this alliance allows us each
to focus on what we do best,” said Scott Adelson, Senior Managing
Director and Co-Head of Corporate Finance at Houlihan Lokey. “We
looked at other options for entering the distribution business and
everything else paled in comparison. Knight is the best at what
they do, and we are the best at what we do. It’s a powerful
combination.”
“The alliance between Houlihan Lokey and Knight is a great
example of two firms, each playing to their strengths, working
together to deliver an outstanding result,” said Thomas Joyce,
Chairman and Chief Executive Officer of Knight Capital. “It is a
strategic and cost effective move to provide Houlihan Lokey clients
with expanded distribution and Knight clients with access to new
issues.”
About Houlihan Lokey
Houlihan Lokey is an international investment bank with
expertise in mergers and acquisitions, capital markets, financial
restructuring, and valuation. The firm is ranked globally as the
No. 1 restructuring advisor, the No. 1 M&A fairness opinion
advisor over the past 10 years, and the No. 1 M&A advisor for
U.S. transactions under $3 billion, according to Thomson Reuters.
Houlihan Lokey has 14 offices and more than 800 employees in the
United States, Europe and Asia. The firm serves more than 1,000
clients each year, ranging from closely held companies to Global
500 corporations. For more information, visit www.HL.com.
About Knight
Knight Capital Group, Inc. (Nasdaq: NITE) is a global financial
services firm that provides market access and trade execution
services across multiple asset classes to buy- and sell-side firms.
Knight's hybrid market model features complementary electronic and
voice trade execution services in global equities and fixed income
as well as foreign exchange, futures and options. The firm is the
leading source of liquidity in U.S. equities by share volume.
Knight also offers capital markets services to corporate issuers.
Knight is headquartered in Jersey City, NJ with a growing global
presence across North America, Europe and the Asia-Pacific region.
For more information, please go to www.knight.com.
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