Houlihan Lokey, an investment bank, has expanded its global presence by entering into India and Singapore through a strategic minority investment in Avista Advisory Group, an investment bank and independent advisor with offices in Mumbai and Singapore.
Avista will partner with Houlihan Lokey to provide a range of advisory services, including mergers and acquisitions, financing, restructuring and valuation. The investments from Houlihan Lokey in Avista will provide capital for expansion efforts in India and Singapore.
Scott Adelson, senior managing director and global co-head of corporate finance at Houlihan Lokey, said: “Moving into India is the clear next step in our global expansion effort. 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.”
Rajiv Kochhar, founder and CEO of Avista, said: “We sought out Houlihan Lokey because of the firm’s reputation and capabilities, but most importantly because of the shared commitment to our clients. With the capital investment and access to Houlihan Lokey’s network, we will be even better positioned to serve our clients.”