Houlihan Lokey to acquire IT services advisor 7 Mile Advisors

Houlihan Lokey, a leading global investment bank, has inked a deal to acquire 7 Mile Advisors (7MA), an independent advisory firm known for its range of investment banking services within the IT services sector.

Signed on July 7, the acquisition is designed to bolster Houlihan Lokey‘s industry expertise in IT services while expanding its geographic presence. Following regulatory approval, the transaction is slated for completion this quarter.

Founded in 2008, 7 Mile Advisors offers mergers and acquisitions, private capital raising, and valuation services to clients in IT services. The firm has successfully closed over 170 transactions for global clients since its establishment. Among its significant deals are Globant’s acquisition of Belatrix Software, EPAM Systems’ purchase of GGA Software Services, and Rockwell Automation’s acquisition of Kalypso.

In a move that bolsters Houlihan Lokey’s Business Services Group, about 30 financial professionals from 7 Mile Advisors, including five Managing Directors, will join the existing IT Services team. Furthermore, the acquisition will introduce an office in Charlotte, North Carolina, to Houlihan Lokey’s network.

Larry DeAngelo — Houlihan Lokey’s Business Services Group head said: “We’re delighted to bring on this talented team to build on the outstanding track record we have achieved in the IT services segment and, more importantly, continue toward our goal of providing our clients with the best, most subsector-specific expertise possible as they navigate opportunities and challenges.

“7MA’s deal roster, and the successful outcomes they have helped their clients achieve across the IT services sector, demonstrate this team’s skill at combining transaction execution expertise with industry knowledge for superior results, and we are excited to introduce them to our clients around the world.”

Houlihan Lokey’s Business Services Group is globally renowned for superior service and outstanding results across a wide array of sectors. With over 125 financial professionals located in 10 cities worldwide, the group has dedicated bankers for each coverage area.

Leroy Davis — 7 Mile Advisors founding partner said: “Houlihan Lokey’s entrepreneurial, team-oriented culture and global presence make it an excellent home for 7MA, and we’re excited to be joining the largest and most active business services investment banking team.

“Our clients will benefit tremendously from the firm’s industry focus, superior capital markets capabilities, and a depth of financial sponsor relationships that is second to none. We look forward to joining our new colleagues around the world to build on the firm’s successes to date in the IT services sector.”