Houlihan Lokey, Inc. · NYSE:HLI
Houlihan Lokey — Merger or Acquisition (August 2021)
9 slides from Houlihan Lokey's merger presentation, Aug 3, 2021
Slide 1: Overview of GCA Corporation Transaction
Overview of GCA Corporation Transaction August 2021 Exhibit 99.2
Slide 2: GCA Corporation Overview
GCA Corporation Overview Founded in 2004, GCA Corporation (“GCA” or the “Company”) is a global technology-focused investment bank providing M&A advisory and capital markets advisory services in Europe, Japan/Asia, and North America. The Company is publicly traded on the Tokyo Stock Exchange with a m
Slide 3: GCA is Technology-Oriented, Global, and Sell-Side Focused
The majority of GCA’s engagements are sell-side M&A. GCA is Technology-Oriented, Global, and Sell-Side Focused Houlihan Lokey | 3 GCA is strategically focused on technology, specifically digital, software, and related sectors. GCA’s global platform results in significant cross-border activity. The C
Slide 4: Financial Results
Financial Results Houlihan Lokey | 4 ($ in millions) GCA HLI CY 2018 CY 2019 CY 2020 YTD Q2 2021 CY 2021E ¹ FY 2021 Adj.² Revenues $243 $214 $198 $170 $355 $1,525 Expenses Compensation 162 142 134 123 -- 953 Non-Compensation 45 41 39 23 -- 140 Total Expenses 208 183 173 146 305 1,093 Operating Profi
Slide 5: GCA's corporate culture is highly complementary with Houlihan Lokey
GCA’s corporate culture, and the nature of its business, is highly complementary with Houlihan Lokey’s Corporate Finance Group. This complementary fit is paramount to effectively integrating the two companies, enhancing the services we offer our clients, and maintaining our continued success. GCA ad
Slide 6: Financial Summary of Transaction
Houlihan Lokey | 6 Financial Summary of Transaction (in millions, except share-related) JPY USD Consideration Per Share ¥1,380 $12.55 Purchase Price ¹ ¥65,026 $591 CY 2021E Revenues ² ¥39,000 $355 CY 2021E Net Income ² ¥3,750 $34 Implied Purchase Price Multiples Purchase Price / Revenues 1.7x 1.7x P
Slide 7: Tender Offer Bid Process and Timeline
Houlihan Lokey | 7 Tender Offer Bid Process and Timeline The Tender Offer Bid will launch in Tokyo on August 4th. Houlihan Lokey currently expects the tender offer to remain open for 36 business days. Once it closes, the Tender Offer would settle on the 5th business day. The minimum percentage requi
Slide 8: Forward Looking Information
Forward Looking Information This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. The words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “tar
Slide 9: CORPORATE FINANCE FINANCIAL RESTRUCTURING FINANCIAL AND VALUATION ADVISORY HL.com
CORPORATE FINANCE FINANCIAL RESTRUCTURING FINANCIAL AND VALUATION ADVISORY HL.com