Houlihan Lokey, Inc. is a global investment bank that specializes in mergers and acquisitions, capital markets, financial restructuring, and valuation consulting. Its operations are divided into three segments: Corporate Finance, which offers advisory services; Financial Restructuring, focusing on recapitalization and distressed transactions; and Financial & Valuation Advisory, which provides asset valuations, including for illiquid businesses and intellectual property. The firm also delivers technology-driven valuation and analysis services.