Houlihan Lokey, Inc.

Houlihan Lokey, Inc. is a boutique investment banking firm that provides financial advisory services. It provides mergers and acquisitions, financing and private placement, fairness and valuation opinions, dispute analysis and litigation support, and financial restructuring advisory services. The firm also offers tax, refinancing and recapitalizations, asset and financial reporting valuation, and divestiture advisory services. It caters to aerospace and defense; consumer, food, and retail; healthcare; real estate; media, sports, and entertainment; infrastructure services and material; financial services; telecommunication; and technology industries. The firm was founded in 1972 and is based in Los Angeles, California. As of January 31, 2006, Houlihan Lokey, Inc. operates as a subsidiary of ORIX USA Corporation.