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The Investment Bank That Speaks to Women-Led Companies
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We are pleased to send you an update of our work with women-led companies. In Q3 '22, our firm closed six transactions with women-led businesses. We are proud of each one, but this quarter we are highlighting our work with Everlane. Houlihan Lokey’s Capital Markets team worked with the company to raise $90 million of debt capital commitments, comprised of a $65 million ABL Revolver and a $25 million FILO Term Loan. Led by CEO Andrea O’Donnell, Everlane is a pioneering retailer of men’s and women’s sustainable apparel, accessories, and footwear in the United States. Given the ever-increasing focus on sustainability in the apparel sector, we are proud to have led this transaction as placement agent. Read more about this financing below, and find out more about Houlihan Lokey’s Capital Markets capabilities here. |
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Houlihan Lokey is pleased to announce the successful placement of a senior secured credit facility for Everlane, Inc., a portfolio company of L Catterton, Imaginary Ventures, 14W Ventures, and Maveron (collectively, the Sponsors). The financing consisted of a $65 million asset-based revolving credit facility (the ABL Revolver) and a $25 million first-in last-out term loan (the FILO Term Loan). Proceeds from the transaction were used to refinance existing indebtedness and provide incremental liquidity for growth initiatives as well as to pay transaction-related fees and expenses. The transaction closed on August 26, 2022.
Founded in 2011 and headquartered in San Francisco, California, Everlane is a digitally native, dual-gender apparel, footwear, and accessories retailer of scale that is leading the fashion industry toward a more environmentally conscious, sustainable future with a mission to help people live their best lives, with the least impact on the planet.
Learn More |
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Congratulations to Dr. Cindy Ma, Global Head of Portfolio Valuation and Fund Advisory Services, and her team for Houlihan Lokey being named the Best Valuations Firm for Hard to Value Assets for the fifth consecutive year by HFM. |
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The View: A Series Focusing on Female Founders and Chief Executives
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In September, we held our third thought leadership event of The View: A Series Focusing on Female Founders and Chief Executives. With the markets in flux, it was an opportune time to discuss Everything You Need to Know About Your Later-Stage Capital Raise, featuring Ann Chung, Global Head of Consumer at Blackstone Growth; Karin Fronczke, Global Head of Private Equity at Fidelity Investments; and Houlihan Lokey’s Capital Markets experts, Chris Hastings and Brent Surber. Register here to receive access to view the panel on November 16 at 3:00 p.m. EST.
Houlihan Lokey’s Capital Markets Group raised approximately $15 billion in capital and advised on an additional $7 billion across 150 transactions during its fiscal year 2022 with more than 70 different financial sponsors. Houlihan Lokey’s Equity Private Placements team raised more than $3 billion across 25 deals in 2021. Please reach out to ALebenthal@HL.com
if you would like more information.
Webinar Recordings
Click below to see our previous episodes.
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Female Founders Dinner in London |
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Overseas, ChanChan Wang, a Director in the Consumer, Food & Retail Group, hosted a Female Founders and Leaders Dinner at AllBright Mayfair (a female-only members’ club) in London, which featured Cheryl Potter, Current Chair of Level 20, a nonprofit promoting gender diversity in the private equity sector. |
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Alternative Asset Valuation Symposium
Date: Thursday, November 10, 2022
Location: Convene
Request Invitation
>
European Consumer, Food & Retail Conference
Date: Wednesday, November 16, 2022
Location: London Hilton on Park Lane
Request Invitation >
We look forward to sharing information from panels at our Global Tech and Financial Services conferences. |
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Alexandra Lebenthal
Senior Advisor |
646.259.7522
Email |
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About Houlihan Lokey Women-Led
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Specialized investment banking advisory for women-led companies
Houlihan Lokey makes a dedicated effort to work with women-led companies. From 2019 to 2021, we successfully closed 125 transactions representing more than $22 billion in transaction value—nearly 60 of them in 2021 alone—across the United States and Europe. We advise female founders and CEOs building new enterprises as well as managing more mature companies in the belief that the right bank can drive a smoother process and lead to better outcomes.
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About Houlihan Lokey
Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. The firm serves corporations, institutions, and governments worldwide 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 client success across its advisory services. Houlihan Lokey is the No. 1 investment bank for all global M&A transactions, the No. 1 M&A advisor for the past seven consecutive years in the U.S., the No. 1 global restructuring advisor for the past eight consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.
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