Fintech Monthly Market Update

Total Page:16

File Type:pdf, Size:1020Kb

Fintech Monthly Market Update Fintech Monthly Market Update JANUARY 2021 EDITION Leading Independent Advisory Firm Houlihan Lokey is the trusted advisor to more top decision-makers than any other independent global investment bank. Corporate Finance Financial Restructuring Financial and Valuation Advisory 2020 M&A Advisory Rankings 2020 Global Distressed Debt & Bankruptcy 2001 to 2020 Global M&A Fairness All U.S. Transactions Restructuring Rankings Advisory Rankings Advisor Deals Advisor Deals Advisor Deals 1,500+ 1 Houlihan Lokey 210 1 Houlihan Lokey 106 1 Houlihan Lokey 956 2 JP Morgan 876 Employees 2 Goldman Sachs & Co 172 2 PJT Partners Inc 63 3 JP Morgan 132 3 Lazard 50 3 Duff & Phelps 802 4 Evercore Partners 126 4 Rothschild & Co 46 4 Morgan Stanley 599 23 5 Morgan Stanley 123 5 Moelis & Co 39 5 BofA Securities Inc 542 Refinitiv (formerly known as Thomson Reuters). Announced Locations Source: Refinitiv (formerly known as Thomson Reuters) Source: Refinitiv (formerly known as Thomson Reuters) or completed transactions. No. 1 U.S. M&A Advisor No. 1 Global Restructuring Advisor No. 1 Global M&A Fairness Opinion Advisor Over the Past 20 Years ~45% Top 5 Global M&A Advisor 1,000+ Transactions Completed Valued Employee-Owned at More Than $2.5 Trillion Collectively 1,000+ Annual Valuation Engagements Leading Capital Markets Advisor ~$4.5 billion Market Cap North America Europe and Middle East Asia-Pacific Atlanta Miami Amsterdam Madrid Beijing Sydney >$1 billion Boston Minneapolis Dubai Milan Hong Kong Tokyo Annual Revenue Chicago New York Frankfurt Paris Singapore Dallas San Francisco London No Houston Washington, D.C. Debt Los Angeles 2 Global, Market-Leading Fintech Practice There is significant momentum in fintech following a dedicated team build-out in partnership with the industry’s leading FIG franchise, further supported by the extensive resources and relationships of Houlihan Lokey’s broader global platform. 2015–2019 M&A Advisor Rankings 75+ Global 51 (1) dedicated fintech/FIG single specialized completed or announced North America & Europe FIG M&A bankers based in London, practice across fintech M&A and private Disclosed Deal Value Up to $1 Billion New York, Los Angeles, the world placement transactions Miami, and San Francisco since 2019 Rank Advisor Deals 1 Houlihan Lokey, Inc. 59 2 Barclays Capital Inc. 48 3 Piper Sandler Companies 47 Source: SNL Financial. (1) Rankings exclude depository transactions. Product Capabilities M&A Advisory (Sellside and Buyside) Private Capital Markets (Debt and Equity) Financial Restructuring Board and Special Committee Advisory Fairness Opinions and Valuation Services 3 Integrated Team Built to Advise Modern Fintech Platforms Fintech Leadership Team Mark Fisher Tim Shortland Rob Freiman Kegan Greene Chris Pedone Managing Director Managing Director Director Director Director [email protected] [email protected] [email protected] [email protected] [email protected] Additional Senior Industry Bankers and Team Members Jeffrey Levine Andrew Adams Tara Carter Christian Kent Craig Muir Gagan Sawhney Eric Weber Brent Ferrin Global Head, Head, Managing Director, Managing Director, Managing Director, Managing Director, Managing Director, Director, Financial Institutions Data & Analytics Data & Analytics Financial Institutions Data & Analytics Financial Institutions Financial Institutions Financial Institutions Vik Pandit James Rekas Evan Schutz Vik Sood Paul Tracey Rob Hallot Rob Losquadro Matt Capozzi Director, Director, Director, Director, Director, Senior Vice President, Senior Vice President, Vice President TMT / Software Business Services Data & Analytics TMT / Software Financial Institutions Data & Analytics Financial Institutions Anna Cotterell Alex Fauron Antoine Marie Aaron Solomon Joe Watson Dakota Frank Andrew Larrabee Jack Denzer Vice President Vice President Vice President Vice President Vice President Associate Associate Financial Analyst 4 How We Look at the Fintech Opportunity Subsector Asset/ Banking/ Capital Corporate/ Data and Insurance Payments Real Estate/ Wealth Lending Markets Diversified Analytics Mortgage has been acquired by a portfolio company of has been acquired by has completed a recapitalization has been acquired by with has been acquired by has agreed to merge with PropTech Transaction Pending Minneapolis Grain Exchange Transaction Pending Acquisition Corporation via SPAC combination has been acquired by has been acquired by a portfolio company of a portfolio company of a portfolio company of has acquired and including has acquired a majority interest in has been acquired by has acquired an investment in has been acquired by has been acquired by has agreed to be acquired by Sellside Advisor Fairness Opinion Financial Advisor Sellside Advisor Sellside Advisor Sellsidea portfolioAdvisor company of Sellside Advisor Advisor to Special Committee has agreed to be acquired by Select Select Credentials Financial Advisor Sellside Advisor Sellside Advisor Sellside Advisor Sellside Advisor Buyside Advisor Buyside Advisor Sellside Advisor Illustrative Illustrative Companies BUSINESS MODELS CONVERGING Alternative Financial Services • BPO • Data and Analytics • Software/SaaS • Tech-Enabled Services • Transaction Processing Note: Logos shown for each category are illustrative, not exhaustive. Tombstones included herein represent transactions closed from 2018 forward. 5 Recent Houlihan Lokey Transaction Spotlight Transaction Pending has entered into an agreement to sell its minority stake in has invested in has been acquired by to Transaction Transaction Pending Transaction Pending Buyside Advisor and Financing Advisor Sellside Advisor Sellside Advisor including has been acquired by has agreed to be acquired by February December December December has agreed to be acquired by December December December Deal Date 2021 2020 2020 2020 2020 2020 2020 Sellside Advisor Sellside Advisor Sellside Advisor C$155 million A$260 million Not Disclosed £508 million Not Disclosed Not Disclosed Not Disclosed Deal Value Tech-enabled Consumer credit Cloud-based human Global network Cryptocurrency Pension and Specialist disputes buy now, pay later registry operator and resources, payroll, of online price trading platform and investment and expert advisory (BNPL) financing analytics solutions recruitment, and comparison portals liquidity provider for consulting services firm of construction, solutions for across Australia and learning software for for financial institutional market and related technology, consumers and New Zealand businesses and services products participants technology/analytics accounting, and Target merchants their employees financial services Description professionals Geography Buyside Advisor and Sellside Advisor Financial Advisor Sellside Advisor Sellside Advisor Sellside Advisor Sellside Advisor Financing Advisor Houlihan Lokey Role Lokey 6 Proven Fintech Track Record With Exceptional Momentum Transaction Pending has received an investment by has entered into an agreement to sell its minority stake in has invested in has been acquired by Sellside Advisor to Feb. 2021 Dec. 2020 Dec. 2020 Dec. 2020 Dec. 2020 Dec. 2020 Dec. 2020 Nov. 2020 Nov. 2020 Oct. 2020 has been acquired by has completed a recapitalization Banking/Lending Data and Analyticswith Corporate/Diversified Data and Analytics Capital Markets Asset/Wealth Corporate/Diversified Capital Markets Insurance has agreedData to merge with andPropTech Analytics Transaction Pending Transaction Pending Acquisition Corporation via SPAC combination Buyside Advisor and Financing Advisor Sellside Advisor Sellside Advisor a portfolio company of including Unit4 Wholesale B.V. Protection America Inc. has been acquired by has been acquired by has agreed to be acquired by a subsidiary of Fairness Opinion Sellside Advisor Advisor to Special Committee has acquired has been acquired by has participated in the has agreed to be acquired by has been acquired by Minneapolis Grain Exchange a portfolio company of has acquired has acquired an investment in has acquired a majority stake in has been acquired by Sellside Advisor Sellside Advisor Sellside Advisor Sellside Advisor a portfolio company of a portfolio company of a portfolio company of has been acquired by Series B financing round a leading U.K. pension and investment advisory business Buyside Advisor Placement Agent Sellside Advisor Financial Advisor Sellside Advisor Sellside Advisor Financial Advisor Financial Advisor Financing Advisor Oct. 2020 Oct. 2020 Oct. 2020 Aug. 2020 July 2020 June 2020 May 2020 Mar. 2020 Mar. 2020 Mar. 2020 Insurance Insurance Corporate/Diversified Capital Markets Corporate/Diversified Asset/Wealth Real Estate/Mortgage Asset/Wealth Banking/Lending Asset/Wealth Transaction Pending Unit4 VerzuimSignaal B.V. a subsidiary of and its wholly-owned subsidiary has been acquired by European Servicing the venture capital arm of a portfolio company of has been acquired by Series A has invested in Senior Secured Notes has agreed to be acquired by Growth Capital have been acquired by the parent company of Growth Equity has been acquired by Portag3 Ventures II LP $400,000,000 $50,000,000 $40,000,000 Preferred Equity Exclusive Financial Advisor & Placement Agent Financial Advisor Exclusive Placement Agent Sellside Advisor Placement Agent* Sellside Advisor Sellside Advisor* Sellside Advisor* Sellside Advisor Mar. 2020 Feb. 2020 Feb. 2020 Jan. 2020 Dec. 2019 Nov. 2019 Nov. 2019 Sept. 2019 Sept. 2019 Sept. 2019 Banking/Lending Asset/Wealth Banking/Lending Banking/Lending Fintech Fund Corporate/Diversified
Recommended publications
  • MARKETAXESS HOLDINGS INC. (Exact Name of Registrant As Specified in Its Charter)
    Exhibit I-3 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2012 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34091 MARKETAXESS HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 52-2230784 (State of incorporation) (IRS Employer Identification No.) 299 Park Avenue, New York, New York 10171 (Address of principal executive offices) (Zip Code) (212) 813-6000 (Registrant’s telephone number, including area code) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Title of each class: Name of each exchange on which registered: Common Stock, par value $0.003 per share NASDAQ Global Select Market SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No ¨ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ¨ No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • SCI's 8 Annual Securitization Pricing, Valuation & Risk Seminar
    SCI’s 8th Annual Securitization Pricing, Valuation & Risk Seminar June 2015, New York SCI will be hosting its fast growing Securitisation Pricing & Risk Seminar in June 2015 in New York. 200 registered for this event in 2014 with both trading and pricing professionals in attendance. Our objective is to build this event to make it the definitive pricing event for securitised assets, and to succeed we need to build it out strongly over the next few years with the backing and partnership of firms such as yours. As ever the agenda will cover a good mix of relevant and pertinent discussions such as: relative value; valuation and audit; regulations; updates on CLO & ABS valuations, and discussions on primary market issuance. This is also great networking event, offering a focussed discussion environment. For a list of delegates attending in 2014 see page 2 of this document. We encourage you to join your peers and sponsor this event: panel speaking, workshops, exhibition space, client invitations and more are available to sponsors. Why sponsor? SCI gives you a platform designed to help you get your message across: Take part in topical debate at the forefront of market discussion Reach a closely targeted audience of investor and sell‐side clients Be seen as a domain expert and thought-leader via an uncluttered, focussed agenda Reach new and existing customers throughout the conference Why SCI? A well established event with a track record of having a strong, senior turnout Programme devised around current market issues and hand-picked speakers Event builds on SCI’s highly regarded daily news coverage Gold Sponsorship package: a.
    [Show full text]
  • Financial Technology Sector Report
    FINTECH SECTOR REPORT October 2018 Q3 2018 INSURANCE TECHNOLOGY SECTOR SUMMARY Case Study: Sale of QuoteWizard.com LLC to LendingTree, Inc. (NasdaqGS: TREE) GCA acted as exclusive financial advisor to QuoteWizard, provider of a customer acquisition technology platform, on its sale to LendingTree. Transaction Summary Strategic Rationale ▪ On October 4th, 2018, QuoteWizard.com LLC ▪ QuoteWizard will immediately establish LendingTree as a (“QuoteWizard”) announced it had entered into a leader in the high growth online insurance market definitive agreement to be acquired by LendingTree, Inc. − Since its founding in 2006, QuoteWizard has helped (NasdaqGS:TREE) (“LendingTree”) for up to $370MM over 40 million consumers compare and find TRANSACTION DETAILS − $300MM in up-front consideration at close, payable insurance policies online Closed in cash October 2018 ▪ QuoteWizard’s customer acquisition technology platform − $70MM in potential earn-out consideration based and network of over 30 top tier carriers and 10,000 SECTOR on achievement of certain growth milestones in the insurance agents across the country create a scale and Insurance Technology first three years following transaction close network advantage for high-quality insurance lead distribution Digital Media ▪ The QuoteWizard management team, led by CEO Scott Peyree, will continue as QuoteWizard leadership − Will significantly expand LendingTree’s relationships DEAL TYPE following closing with insurance carriers and agents enable cross M&A ▪ QuoteWizard generated $75.6MM in revenue
    [Show full text]
  • LPL Financial LLC Form 13F-HR Filed 2021-08-13
    SECURITIES AND EXCHANGE COMMISSION FORM 13F-HR Initial quarterly Form 13F holdings report filed by institutional managers Filing Date: 2021-08-13 | Period of Report: 2021-06-30 SEC Accession No. 0001403438-21-000004 (HTML Version on secdatabase.com) FILER LPL Financial LLC Mailing Address Business Address 1055 LPL WAY 4707 EXECUTIVE DRIVE CIK:1403438| IRS No.: 952834236 | State of Incorp.:CA | Fiscal Year End: 1231 FORT MILL SC 29715 SAN DIEGO CA 92121 Type: 13F-HR | Act: 34 | File No.: 028-12526 | Film No.: 211170492 704-733-3300 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document OMB APPROVAL UNITED STATES SECURITIES AND EXCHANGE OMB Number: 3235-0006 COMMISSION Expires: July 31, 2015 Washington, D.C. 20549 Estimated average burden hours per response: 23.8 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06-30-2021 Check here if Amendment: ☐ Amendment Number: This Amendment (Check only one.): ☐ is a restatement. ☐ adds new holdings entries. Institutional Investment Manager Filing this Report: Name: LPL Financial LLC Address: 1055 LPL WAY FORT MILL, SC 29715 Form 13F File Number: 028-12526 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Dean Phillips Title: Vice President Phone: 980-264-8377 Signature, Place, and Date of Signing: Dean Phillips Fort Mill, SOUTH CAROLINA 08-12-2021 [Signature] [City, State] [Date] Report Type (Check only one.): ☒ 13F HOLDINGS REPORT.
    [Show full text]
  • Northern Trust Asset Management Passive Investment Solutions
    Northern Trust Asset Management Passive Investment Solutions March 11, 2020 Mac Nickey Dave Alongi, CFA Jacob C. Weaver, CPA, CFA Bill Kincade Director, Public Funds Head, Fixed Income Index Management Director, Global Equity Director, Transition Management 312-557-3992 312-557-1452 312-444-3172 312-375-8034 [email protected] [email protected] [email protected] [email protected] northerntrust.com northerntrust.com | |© © 2020 2020 Northern Northern Trust Trust 1 PROPOSED AGENDA • Northern Trust Asset Management Overview • Index Management Capabilities • Passive Global Equity • Passive Global Fixed Income • Transition Management • Appendix northerntrust.com | © 2020 Northern Trust 2 Northern Trust Asset Management Overview northerntrust.com | © 2020 Northern Trust 3 PRINCIPLES THAT ENDURE Northern Trust’s core principles of service, expertise, and Service integrity have remained constant for over 125 years, guiding Relentless drive to provide Northern Trust’s evolution to a multi-faceted global financial exceptional service. services provider. Throughout our history and changing market environments, Expertise we have led the financial services industry by aligning our Resolving complex challenges with efforts with these guiding principles. multi-asset class capabilities. Today, we remain committed to these founding principles which continue to unite and drive our partners around the globe Integrity — delivering our clients unparalleled service and Acting with the highest ethics, utmost expertise, with integrity. honesty and unfailing reliability. northerntrust.com
    [Show full text]
  • Navigating a Liquidity-Constrained Fixed Income Environment
    Navigating a Liquidity-Constrained Fixed Income Environment February 2015 T. ROWE PRICE Investment Viewpoint EXECUTIVE SUMMARY Credit markets have seen a significant decline approach to managing liquidity risk in client in liquidity in the wake of the 2008 financial portfolios. Portfolio managers, traders, and crisis, as new government regulations have analysts continually collaborate to assess limited Wall Street banks’ proprietary trading liquidity conditions at both the market and activities. This has occurred alongside strong security levels. Quantitative tools provide investor demand for fixed income assets and additional insights into the liquidity profiles heavy corporate debt issuance. of portfolios and prospective performance As the Federal Reserve prepares to unwind under different market scenarios. unprecedented monetary accommodation, A shortage of liquidity could worsen market regulators have expressed concerns that if dislocations if rates rise markedly. But there rates rise and investors aggressively sell their are several factors that should temper the fixed income holdings, dealers’ constrained impact of increasing rates, and demand for capacity to absorb supply has the potential to fixed income seems unlikely to falter for long. fuel financial market volatility. In the current environment, global trading and In the view of T. Rowe Price’s Fixed Income fundamental research capabilities, along with Division, liquidity conditions are unlikely to a long-term investment horizon, are essential improve meaningfully anytime soon. With for meeting clients’ investment objectives. that in mind, this paper discusses our holistic Amid highly accommodative monetary Stimulus efforts from the world’s major policy, record corporate debt issuance, and central banks have dramatically increased the considerable investor demand for yield, money supply and, by extension, lifted asset liquidity in fixed income markets may appear prices.
    [Show full text]
  • An Acuris Company Restructuring Data
    Restructuring Insights - UK An Acuris Company Restructuring Data - Europe 27 May 2020 Restructuring Insights - UK Restructuring Insights - UK An Acuris Company Debtwire Europe CONTENTS AUTHORS Introduction 3 Joshua Friedman Restructuring Data Analysis 5 Global Head of Restructuring Data Creditor/Investor Analysis 19 +1 (212) 574 7867 [email protected] UK Restructurings: Marketplace & Current Issues 25 Timelines and Tables 28 Shab Mahmood Contacts 35 Restructuring Analyst Disclaimer 36 +44 203 741 1323 [email protected] Juan Mariño, CFA Restructuring Analyst +44 203 741 1364 [email protected] Donald Ndubuokwu Restructuring Analyst [email protected] 2 Restructuring Insights - UK An Acuris Company Introduction: Restructuring Data - Europe As part of the roll-out of Debtwire’s Restructuring Data - Europe, this inaugural Restructuring Insights Report serves as a preview of the power, breadth and depth of the data that will be available to subscribers. Debtwire’s global team of legal, financial, credit and data professionals has been producing analysis and data reports on a variety of restructuring topics and in jurisdictions across the globe. In a natural evolution of that data-driven direction, we have compiled and enhanced the data underlying those reports and combined it with Debtwire’s exclusive editorial coverage and financial research to create a searchable Restructuring Database, which will allow subscribers to craft bespoke data-driven answers to a wide variety of research questions and to enhance business development. With the expansion to cover Europe, the Restructuring Data platform now includes bankruptcy and restructuring situations in North America (US Chapter 11s, Chapter 7s and Chapter 15s), Asia-Pacific (NCLT processes in India) and Europe.
    [Show full text]
  • TRAINING and EDUCATION MARKET UPDATE | COVID-19 Houlihan Lokey Training and Education Market Update
    TRAINING AND EDUCATION MARKET UPDATE | COVID-19 Houlihan Lokey Training and Education Market Update The outbreak of COVID-19 has resulted in a global health emergency and sent financial markets into a frenzy. Houlihan Lokey presents an initial assessment of the impact on the training and education industry Select Sector Observations In recent weeks, COVID-19 (or, the “coronavirus”) has globally sent shock waves through markets and captured the attention of the world. Since mid-February, the SELECT outbreak has accelerated and infections have become widespread, resulting in HOULIHAN LOKEY significant market volatility that is expected to continue in the near term. Substantial CREDENTIALS disruption to business operations has occurred, and all sectors of the economy have been impacted, including the training and education (T&E) industry, which is ECE K–12 adapting to a remote workforce and 1.5 billion academic students now learning from home.(1) The T&E market has a fundamentally robust, long-term outlook, which remains has been acquired by has been acquired by unchanged due to ongoing growth in demand, often multi-year revenue visibility, and ongoing innovation. While the near-term outlook for the T&E industry varies by subsector, the rapidly shifting delivery modes resulting from the current disruption Sellside Advisor Financial Advisor & Fairness Opinion may accelerate underlying secular trends. Early Childhood Education (ECE): The closure of early childhood education centers will pose near-term revenue challenges for the sector. The revenue impact K–12 K–12 to employer-funded, work-based childcare may be somewhat delayed, since much of that revenue is contracted.
    [Show full text]
  • DTC Participant Alphabetical Listing June 2019.Xlsx
    DTC PARTICPANT REPORT (Alphabetical Sort ) Month Ending - June 30, 2019 PARTICIPANT ACCOUNT NAME NUMBER ABN AMRO CLEARING CHICAGO LLC 0695 ABN AMRO SECURITIES (USA) LLC 0349 ABN AMRO SECURITIES (USA) LLC/A/C#2 7571 ABN AMRO SECURITIES (USA) LLC/REPO 7590 ABN AMRO SECURITIES (USA) LLC/ABN AMRO BANK NV REPO 7591 ALPINE SECURITIES CORPORATION 8072 AMALGAMATED BANK 2352 AMALGAMATED BANK OF CHICAGO 2567 AMHERST PIERPONT SECURITIES LLC 0413 AMERICAN ENTERPRISE INVESTMENT SERVICES INC. 0756 AMERICAN ENTERPRISE INVESTMENT SERVICES INC./CONDUIT 7260 APEX CLEARING CORPORATION 0158 APEX CLEARING CORPORATION/APEX CLEARING STOCK LOAN 8308 ARCHIPELAGO SECURITIES, L.L.C. 0436 ARCOLA SECURITIES, INC. 0166 ASCENSUS TRUST COMPANY 2563 ASSOCIATED BANK, N.A. 2257 ASSOCIATED BANK, N.A./ASSOCIATED TRUST COMPANY/IPA 1620 B. RILEY FBR, INC 9186 BANCA IMI SECURITIES CORP. 0136 BANK OF AMERICA, NATIONAL ASSOCIATION 2236 BANK OF AMERICA, NA/GWIM TRUST OPERATIONS 0955 BANK OF AMERICA/LASALLE BANK NA/IPA, DTC #1581 1581 BANK OF AMERICA NA/CLIENT ASSETS 2251 BANK OF CHINA, NEW YORK BRANCH 2555 BANK OF CHINA NEW YORK BRANCH/CLIENT CUSTODY 2656 BANK OF MONTREAL, CHICAGO BRANCH 2309 BANKERS' BANK 2557 BARCLAYS BANK PLC NEW YORK BRANCH 7263 BARCLAYS BANK PLC NEW YORK BRANCH/BARCLAYS BANK PLC-LNBR 8455 BARCLAYS CAPITAL INC. 5101 BARCLAYS CAPITAL INC./LE 0229 BB&T SECURITIES, LLC 0702 BBVA SECURITIES INC. 2786 BETHESDA SECURITIES, LLC 8860 # DTCC Confidential (Yellow) DTC PARTICPANT REPORT (Alphabetical Sort ) Month Ending - June 30, 2019 PARTICIPANT ACCOUNT NAME NUMBER BGC FINANCIAL, L.P. 0537 BGC FINANCIAL L.P./BGC BROKERS L.P. 5271 BLOOMBERG TRADEBOOK LLC 7001 BMO CAPITAL MARKETS CORP.
    [Show full text]
  • Investment Banking and Capital Markets Sector
    Financial Institutions Group Investment Banking and Capital Markets Sector U.S. MARKET UPDATE SUMMER 2021 Introduction: U.S. Investment Banking and Capital Markets Sector Houlihan Lokey’s Financial Institutions Group (FIG) is excited to release the inaugural edition of a new report on the U.S. investment banking and capital markets sector. Our report comes during a particularly dynamic period in the industry. While the volatility and turbulence of 2020 created a polarized environment of “winners and losers,” virtually all segments of the market are now experiencing strong performance. For the first time in years, M&A fee pools are up Y/Y in every sector. Growth has been fueled by pent-up 2020 demand now being unleashed, the specter of capital gains tax increases and a generally bullish backdrop of record stock prices and inexpensive debt financing. SPACs completely transformed the investment banking landscape, providing a boon to bulge-bracket underwriting desks and emerging as a buyer of choice for private assets. 571 SPACs launched IPOs in the last year, representing 60% of all IPO capital raised, and steered by everyone from Bill Ackman to Colin Kaepernick. Regardless of whether proposed regulatory reform materializes, hundreds of SPACs will be seeking and consummating transactions over the next couple of years. Just as pandemic-driven volatility was unwinding and trading volumes were beginning to decelerate, retail traders reasserted themselves as forces in the secondary market. As GameStop stock topped $400 in late January, market-wide daily equity trading volumes overtook records set at the height of the 2008 financial crisis. Volumes have once again begun settling, but new product origination and new ways for traders to access the market should create a longer-term lift for brokers, market-makers, exchanges, and technology providers.
    [Show full text]
  • What's the Fastest Growing Investment Bank in Europe?
    WHAT’S THE FASTEST GROWING INVESTMENT BANK IN EUROPE? The Answer Might Surprise You. Over the past four years, Houlihan Lokey has been growing all over the world. From Europe to the Middle East to Australia, we have steadily added offices, new business lines, and talented financial professionals to expand our comprehensive suite of services for clients around the globe—regularly topping league tables and winning coveted industry awards along the way. But we’re most excited about our expansion in Europe, particularly in corporate finance where the pace of our growth has been nothing less than remarkable. It’s all part of our mission to be the clear leader across all of our products and services—not just in the U.S., but everywhere we operate. 1 Unprecedented Growth in Europe 175 155 6X Bankers Mandates Increase in the number of dedicated More than 750% growth in 4 years More than 740% increase over 5 years financial sponsor coverage officers in Europe since 2016 Significant €7B 4 Acquisitions Committed debt financing arranged McQueen, Leonardo & Co., Quayle over the past 2 years Munro, and BearTooth since 2014 A simple goal: To be No. 1 in all businesses and markets. Our corporate finance growth strategy in Europe and around the world is simple: To replicate our decades-long leadership in financial restructuring, establishing Houlihan Lokey as the leading corporate finance advisor and the leading financial restructuring advisor in every single market. It is doubtless a tall order. With more than 200 professionals, our Financial Restructuring + business is the largest of its kind among any investment banking firm in the world, having advised 200 on more than 1,000 transactions over the past three decades with aggregate debt claims in Financial excess of $2.5 trillion.
    [Show full text]
  • Including League Tables of Financial Advisors
    An Acuris Company Finding the opportunities in mergers and acquisitions Global & Regional M&A Report 2019 Including League Tables of Financial Advisors mergermarket.com An Acuris Company Content Overview 03 Global 04 Global Private Equity 09 Europe 14 US 19 Latin America 24 Asia Pacific (excl. Japan) 29 Japan 34 Middle East & Africa 39 M&A and PE League Tables 44 Criteria & Contacts 81 mergermarket.com Mergermarket Global & Regional Global Overview 3 M&A Report 2019 Global Overview Regional M&A Comparison North America USD 1.69tn 1.5% vs. 2018 Inbound USD 295.8bn 24.4% Outbound USD 335.3bn -2.9% PMB USD 264.4bn 2.2x Latin America USD 85.9bn 12.5% vs. 2018 Inbound USD 56.9bn 61.5% Outbound USD 8.9bn 46.9% EMU USD 30.6bn 37.4% 23.1% Europe USD 770.5bn -21.9% vs. 2018 50.8% 2.3% Inbound USD 316.5bn -30.3% Outbound USD 272.1bn 28.3% PMB USD 163.6bn 8.9% MEA USD 141.2bn 102% vs. 2018 Inbound USD 49.2bn 29% Outbound USD 22.3bn -15.3% Ind. & Chem. USD 72.5bn 5.2x 4.2% 17% 2.6% APAC (ex. Japan) USD 565.3bn -22.5% vs. 2018 Inbound USD 105.7bn -14.8% Outbound USD 98.9bn -24.5% Ind. & Chem. USD 111.9bn -5.3% Japan USD 75.4bn 59.5% vs. 2018 Inbound USD 12.4bn 88.7% Global M&A USD 3.33tn -6.9% vs. 2018 Outbound USD 98.8bn -43.6% Technology USD 21.5bn 2.8x Cross-border USD 1.27tn -6.2% vs.
    [Show full text]