Houlihan Lokey plans to open an office in Dubai sometime this quarter, according to Reuters, as part of the investment bank's plans to expand its advisory work in the Middle East and Africa.
Across all deal types, Houlihan Lokey has advised on 928 transactions since the start of 2006, according to the PitchBook Platform. The vast preponderance of those deals—nearly 87%—have involved clients in the US, with the Middle East and Africa combining to account for less than 0.5% of the total.
Of late, though, the firm has been ramping up its activity across all geographies: After never advising on more than 100 transactions in any year between 2006 and 2014, Houlihan Lokey jumped to 150 transactions in 2015 and 152 last year, per PitchBook data. The firm ranks fifth among all investment banks when it comes to the quantity of companies worked with since the start of 2015, again according to the PitchBook Platform, trailing only industry heavyweights Goldman Sachs, Morgan Stanley, J.P. Morgan and Credit Suisse.