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Avista Advisory and Houlihan Lokey Ink Strategic Alliance to Build Global Reach

July 7, 2010, MUMBAI and LOS ANGELES

Avista Advisory, a Pan-Asian investment bank, announced today that it has partnered with Houlihan Lokey, a leading international investment bank. The strategic alliance will combine Avista’s strong relationships across its Asian clientele with Houlihan Lokey’s global platform.
Avista, an independent advisor with offices in Mumbai and Singapore, will partner with Houlihan Lokey to provide a wide range of advisory services including mergers and acquisitions, capital markets, financial restructuring and valuation. Houlihan Lokey’s strategic investment provides Avista with the capital to build scale and expand in the high-growth markets of India and Southeast Asia.
“We sought out Houlihan Lokey because of the firm’s reputation and capabilities, but most importantly because of the shared commitment to our clients,” said Rajiv Kochhar, Founder and Chief Executive Officer of Avista Advisory. “With the capital investment and access to their global network, we will be even better positioned to serve our clients.”
“Moving into India is the clear next step in our global expansion effort,” said Scott Adelson, Senior Managing Director and global co-head of Corporate Finance, Houlihan Lokey. “The investment we are making in Avista allows us to expand further into these high-growth markets with a dynamic and well-connected partner with a shared vision of client service.”
Kushal Kapadia, a Director and 11-year veteran of Houlihan Lokey with deep experience in all of the firm’s product areas, has relocated to Mumbai. He will closely work with Houlihan Lokey and Avista professionals and clients to build productive, cross-border relationships

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 $3billion, 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

Some of Houlihan Lokey’s Transactions

  • General Motors – Exclusive Financial Advisors to the ad hoc committee of unsecured bondholders
  • Lehman Brothers – Financial advisor to the official committee of unsecured creditors
  • CIT Group – Exclusive financial advisor to the steering group of bondholders
  • Buyside Advisor to Deloitte LLP on – acquisition of Public Service Business of BearingPoint
  • Buyside Advisor to NTT Communications – acquisition of Pacific Crossing
  • Financing Advisor to Hostway Corporation – Debt and equity financing
  • Sellside Advisor to Parsons Brinckerhoff, Inc. – sold to Balfour Beatty PLC
  • Sellside Advisor to Earthbound Farm – sold to HM Capital Partners
  • Sellside Advisor to Siemens – sale of its Hydrocarbon Services Biz
  • Sellside Advisor to Intelligent Automation – sold to Honeywell
  • Sellside Advisor to Insitu – sold to Boeing
  • Fairness Opinion Advisor to Kraft Foods – acquisition of Cadbury
  • Fairness Opinion Advisor to Kraft Foods – sale of its Frozen Pizza business to Nestle
  • Fairness Opinion Advisor to Business Objects – acquired by SAP
  • Fairness Opinion Advisor to Euronext – merged with NYSE
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