Houlihan Lokey raises offer for Japan M&A advisory firm

Asakusa, Taito, Japan. Photo: Claudio Guglieri/unsplash

U.S. investment bank Houlihan Lokey Inc has raised its offer price to buy Japanese mergers and acquisitions (M&A) advisory firm GCA Corporation for about $599.1 million (65.9 billion yen) in cash, the company said on Thursday.

Houlihan Lokey said it had increased its tender offer price by 18 yen ($0.1635) per share to a total of 1,398 yen ($12.71) per share.

Last week, the U.S. investment bank, which has strengths in mid-cap M&A deals, said it will launch a tender offer to buy the Tokyo-based firm in a deal worth about $591 million to tap Japan’s growing M&A market.

Houlihan said its raised offer took into account GCA’s revised 2021 outlook, which included a 21.8% raise in targeted consolidated revenue to $431.8 million compared to a prior forecast.

Dealmaking is rising in Japan, driven by local conglomerates seeking to divest non-core assets or looking overseas for growth in response to the country’s aging population.

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.