From Century City To Baghdad

Houlihan Lokey emerges from boutique bank status withplans to expand in the U.S. and overseas.

April 24, 2009

Saddam Hussein has not been in power since 2003, but Iraq still struggles with the massive debt it incurred during his rule. Helping get rid of billions of dollars of that debt is a middle-market investment bank you may never have heard of -- one that actually got its start valuing mom-and-pop businesses for estate planning. Founded four decades ago, Houlihan, Lokey, Howard & Zukin Inc. still values businesses, but these days they are more likely to be owned by private equity shops. The firm has branched out into M&A banking and an extensive restructuring practice that, along with a fairness opinion and valuation business, have taken it beyond the U.S.

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