Houlihan Lokey Inc., the boutique bank that had its initial public offering last year, hired two dealmakers to work with clients in the information technology, outsourcing, and consulting industries.
Paul Simpson joins from Rothschild and will be based in London, Houlihan Lokey said in a statement Tuesday. Larry DeAngelo was hired in Atlanta from SunTrust Robinson Humphrey. They were named managing directors to help lead the global business services group.
Houlihan Lokey Chief Executive Officer Scott Beiser is expanding in the U.S. and abroad after the Los Angeles-based bank raised more than $200 million in an IPO in August. Last week, the firm hired HSBC Holdings Plc’s Zaman Khan and Christian Scharf as managing directors for its illiquid financial assets practice in London.
“Paul and Larry each bring decades of world-class experience and extensive insight and relationships in the business services sectors,” Anita Antenucci, a senior managing director who is global head of business services, said in the statement. The pair will help, she said, “as we increasingly work on cross-border transactions that require a genuine blend of global reach and local expertise.”
Simpson worked almost two decades at Rothschild, advising on more than 100 transactions, according to the statement. He was most recently a managing director and global head of business services.
DeAngelo was a managing director at SunTrust Robinson Humphrey, leading the business and financial services mergers and acquisitions team, Houlihan Lokey said. Thomas Bailey, a former colleague of his at STRH, also recently joined Houlihan Lokey.
A representative for SunTrust didn’t respond to a message. Rothschild’s Caroline Nico declined to comment.
Source: Bloomberg.com