As investment bank Houlihan Lokey pursues an initial public offering, the firm is set to broaden its consumer, food and retail presence in Europe by buying McQueen Ltd.

McQueen, headquartered in London, is an advisory group for consumer businesses. The target’s clients include Heinz, Thai Union, V. Mane Fils, Morrisons, ABT, Paddy Power and Unibet. Houlihan is adding the McQueen team to its consumer, food and retail practice. Terms of the deal weren't disclosed.

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