Houlihan Lokey (NYSE: HLI), the global investment bank, today announced the expiration of the tender offer period, at 4:00 p.m. JST on September 27, 2021, related to the acquisition of GCA Corporation (“GCA”) (TSE: 2,174 for 1,398 ($ 12.71) per share and a total cash purchase price of approximately 65.9 billion ($ 599.1 million), based an assumed exchange rate of 110 to $ 1.

Shares and stock options representing approximately 90% of the common shares of GCA on a fully diluted basis have been validly tendered to the tender offer.

Houlihan Lokey initiated the tender offer to acquire all of the outstanding shares of GCA for 1380 ($ 12.55) per share in cash, in addition to all options to purchase GCA shares (price net of applicable exercise prices), in Tokyo on August 4, 2021, and announced a new purchase price of 1,398 ($ 12.71) per share on September 9, 2021 (JST).

The tender offer is expected to be settled from October 4, 2021. Following the settlement of the tender offer, Houlihan Lokey is expected to finalize the acquisition of GCA through a transaction second stage at the same price. The transaction is financed in cash on Houlihan Lokey’s balance sheet.

About Houlihan Lokey

Houlihan Lokey (NYSE: HLI) ​​is a global investment bank specializing in mergers and acquisitions, capital markets, financial restructuring and valuation. The firm serves businesses, institutions and governments around the world with offices in the United States, Europe, the Middle East and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to the success of its clients in all of its consulting services. Houlihan Lokey has been the senior M&A advisor for six consecutive years in the United States, the world’s leading restructuring advisor for the past seven years, and the world’s leading M&A opinion advisor for the past seven years. Last 20 years, all based on the number of transactions and according to data provided by Refinitiv.

Forward-looking statements

This press release contains forward-looking statements within the meaning of federal securities laws. You can identify these statements by using the words “assume”, “believes”, “believes”, “expects”, “direction”, “intention”, “plans”, “projects” and similar expressions that do not relate to historical questions. You should exercise caution in interpreting and relying on forward-looking statements, as they involve known and unknown risks, uncertainties, and other factors (including the significant effect the COVID-19 pandemic has had on our company and should continue to have on our company), which are, in some cases, beyond the control of Houlihan Lokey and could significantly affect actual results, performance or achievements. For a more detailed description of these factors, you should read the documents filed by Houlihan Lokey with the Securities and Exchange Commission. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on such forward-looking statements as predictions of future events. Events and circumstances reflected in our forward-looking statements may not or will not happen, and actual results could differ materially from those projected in the forward-looking statements. Houlihan Lokey assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210927005881/en/

CONTACT: Investor Relations


[email protected] Media Relations

John gallagher


[email protected]HL.com



SOURCE: Houlihan Lokey

Copyright Business Wire 2021.

PUB: 09/27/2021 22:05 / DISC: 09/27/2021 22:06


Copyright Business Wire 2021.

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