Investment bank Houlihan Lokey Inc. is buying ArchPoint Partners in a deal that will allow the firm to expand its technology mergers business, Mergers & Acquisitions has confirmed.
Houlihan is set to purchase ArchPoint for an undisclosed amount on Tuesday, first reported by the Wall Street Journal.
San Francisco-based ArchPoint focuses on software and technology companies. The firm has advised on Kayak's acquisition by Priceline and Safety-Kleen's acquisition by Clean Harbors.
Houlihan, headquartered in Los Angeles, provides M&A, capital markets, financial restructuring and valuation services to the aerospace, defense, government, business services, consumer, food, retail, energy, health care, industrials, media, real estate, technology and other industries. The firm was founded in 1972 and is owned by its employees and Orix USA Corp.
There have been several recent investment bank mergers, including RCS Capital Corp.'s (NYSE: RCAP) purchase of investment banking firm J.P. Turner & Co. LLCin January, and Lincoln International's purchase of Rondelli Advisers, a Milan-based advisory group.
For more, see "Finance Finesse: Middle Market I-Banks Attract Buyers."