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Business Unit:
Financial Restructuring Group
Industry:
POW – Power & Utilities
Overview
Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, 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. The firm is the No. 1 investment bank for global M&A transactions under $1 billion, the No. 1 M&A advisor for the past eight consecutive years in the U.S., the No. 1 global restructuring advisor for the past nine consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by Refinitiv.
Power & Utilities Group
Houlihan Lokey’s growing Power & Utilities (“P&U”) Group provides a unique opportunity to gain valuable experience in both sell-side and buy-side M&A and bespoke capital markets activities, as well as the largest and most complex restructuring transactions in the power industry. The P&U Group has global coverage responsibilities for the firm’s investment banking activities in the power sector, including significant sell-side and buy-side M&A mandates for large renewable projects, merchant energy producers and IPPs, power & gas retailers and investor owned utilities. Notably, given the ongoing global energy transition, electricification and other ESG themes, the P&U Group has experienced significant growth in inquiries and projects for renewable project owners, energy transition sector players, and their stakeholders. In addition, the P&U Group has worked on all 15 of the largest P&U restructurings since 2000 including Enron, Energy Future Holdings (TXU), Pacific Gas & Electric and SunEdison. The P&U Group also provides industry support for HL’s market leading fairness and valuation practice. Responsibilities include:
• Advising boards of directors, equity sponsors, owners, investors and other stakeholders of merchant power producers, renewable energy companies, IPPs, retailers and utilities on the evaluation, marketing, and execution of various transactions
• Performing all pertinent financial analyses, including with respect to:
• Valuations (discounted cash flow, LBO, trading comparables, precedent transactions, etc.)
• Financing and debt capacity analyses
• Recovery waterfalls, and recovery and equity split analyses
• Returns / IRR analyses
• Preparation of marketing materials, pitches, teasers, and various presentations
• Interfacing with the other industry professionals and consultants in evaluating power and utility assets
• Supporting ongoing analyses of recent events, transactions and trends within the power and utility sector
Associates are typically members of deal teams comprising at least one Managing Director, Vice President and Financial Analyst.
Basic Qualifications
The environment at Houlihan Lokey is results-driven and entrepreneurial, and, as such, rewards Associates with substantial responsibility. The ideal candidate should be motivated, creative, and outgoing, and should possess strong skills in financial analysis. Candidates must have a strong knowledge of accounting and applied financial theory, keen analytical capabilities, and excellent verbal and written communications skills.
Our team is looking for candidates with qualifications that include:
• At least three years of investment banking, consulting, investment management, restructuring advisory or similar experience.
• Experience in unregulated or regulated U.S. power markets, power project finance, trading/marketing, or corporate finance viewed favorably
• Experience in or knowledge of the renewable power industry and/or ongoing energy transition in the U.S. is a plus
Preferred Qualifications
• B.A. or B.S. in Finance, Accounting, Business or Applied Economics and / or course work in accounting and finance
• Fundamental understanding of valuation theory, methodologies, and applications
• Strong financial and computer skills
• Demonstrated ability to work cooperatively with all levels of staff
• Strong analytical abilities, including financial modeling skills
• Excellent verbal and written communication skills
• An advanced level of attention to detail
Salary Range
Houlihan Lokey is committed to providing its employees with an exciting career opportunity and competitive total compensation package, which may include other components such as discretionary incentive compensation. The firm’s good faith and reasonable estimate of the possible salary range for this role at the time of posting is:
$175,000.00-$225,000.00
Actual salary at the time of hire may vary and may be above or below the range based on various factors, including, but not limited to, the candidate’s relevant qualifications, skills, and experience and the location where this position may be filled.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other characteristic protected by law.
