GCA enters into tender offer to be acquired by Houlihan Lokey
Under the terms of the agreement, which has been unanimously approved by the GCA Board of Directors and the Houlihan Lokey Board of Directors, Houlihan Lokey will commence a tender offer on August 4, 2021 to acquire all outstanding shares of GCA.
For over 17 years, GCA has been focused on providing independent, high-quality financial advisory services to our clients, and the opportunity to join forces with Houlihan Lokey will accelerate our ability to deliver an expanded service offering to our clients as part of one of the world’s leading advisory platforms.
Houlihan Lokey is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Houlihan Lokey is the No. 1 M&A advisor for the past six consecutive years in the US, the No. 1 global restructuring advisor for the past seven consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions.
We remain fully committed to our clients and employees, and there will be no changes to the current executive committee leadership or the teams/processes in any ongoing deals as a result of the transaction.
Todd Carter, Co-CEO and co-founder of GCA US, said: “We are very thrilled to be a part of this combination. Since we started GCA in the summer of 2003 it has always been our goal to build the world’s leading technology investment banking franchise. Today with more than 500 employees and over 170 technology transactions a year we are well on our way and with the added people/resources of Houlihan Lokey we believe we can accelerate the accomplishment of our objectives.”
Geoff Baldwin, Co-CEO and co-founder of GCA US, added: “This combination will be beneficial to our clients as we will be able to provide expanded products and services that we do not presently offer our clients. Furthermore, our employees will be part of a larger, more diverse platform with significantly expanded career opportunities.”
Scott Beiser, CEO of Houlihan Lokey, added: “The acquisition of GCA will immediately create one of the largest technology advisors in the world, one that more closely matches the size and importance of this sector in today’s global economy. In addition, this combination would significantly deepen our expertise in the US technology market and expand our presence in Europe and Asia and establish Houlihan Lokey as one of the most geographically diversified investment banking firms among our peer group. GCA’s corporate culture, business philosophy, and client focus all closely resemble Houlihan Lokey’s, and we believe our combined organizations will enable us to more effectively serve our clients and position our firm for the future as we continue to grow our suite of products and services around the world.”