Global investment bank Houlihan Lokey has acquired Prytania Solutions (PSL), a leading provider of technology-driven valuation and analytic services. The bank is continuing to strengthen its market-leading Financial and Valuation Advisory business and offer clients a differentiated experience with data-driven deliverables.
This acquisition connects PSL’s advanced machine learning technology and market-leading tools with Houlihan Lokey’s structured products valuation clients, further enhancing the capabilities and global reach of Houlihan Lokey’s Portfolio Valuation and Fund Advisory Services practice. In addition, the acquisition expands the European presence of the Financial and Valuation Advisory business and represents a significant step in monetizing data insights to serve clients’ evolving needs.
Originally founded in 2016 after a spin-out from Prytania Investment Advisors, London-based PSL specializes in structured credit valuations and analytics, emphasizing quantitative analysis and machine learning. The firm primarily caters to banking and asset management clients and has additionally provided specialized services to insurance companies, central banks, financial data platforms, and other collateral financing desks.
The PSL team, led by Fraser Malcolm, Chief Executive Officer, and James Wright, Chief Technology Officer, has joined the Structured Products Valuation Advisory team within Houlihan Lokey’s Portfolio Valuation and Fund Advisory Services practice.
The financial terms of the transaction were not disclosed.
KEY QUOTES:
“The acquisition of PSL represents a significant strategic move for Houlihan Lokey as we continue to expand our global valuation team and strengthen our technology capabilities across our Portfolio Valuation and Fund Advisory Services practice.”
- Kreg Jackson, Global Co-Head of the Financial and Valuation Advisory business at Houlihan Lokey
“PSL’s data-rich technological innovations, in particular the use of machine learning and algorithmic pricing, will seamlessly integrate into our existing service offering and enhance our ability to deliver outstanding independent valuation services for complex assets, and highly customised solutions that adapt to our clients’ ever-evolving needs.”
- Dr. Cindy Ma, Managing Director and Global Head of Portfolio Valuation and Fund Advisory Services at Houlihan Lokey
“We are delighted to join forces with Houlihan Lokey, a recognised leader with a rich history in financial valuation services. By integrating PSL’s technology-driven solutions with Houlihan Lokey’s globally respected Portfolio Valuation and Fund Advisory Services team, we can provide innovative and customised services on a much larger scale. Together, we are uniquely positioned to offer clients enhanced analytical capabilities and superior insights into the valuation of complex portfolios.”
- Fraser Malcolm, Co-Founder and Chief Executive Officer of PSL
“Houlihan Lokey, like PSL, regards data as an essential tool for achieving outstanding outcomes for our clients. This deal underscores our commitment to using advanced data strategies and the latest technologies to continuously drive innovation and excellence in all our services.”
- Scott Adelson, Chief Executive Officer of Houlihan Lokey
