Financial News
Houlihan Lokey Strengthens Retail and Multi-Unit Coverage Capabilities With Senior Hire
Kenny Kraft Joins Consumer, Food & Retail Group as a Managing Director
Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Kenny Kraft has joined the firm’s Consumer, Food & Retail Group as a Managing Director. Based in Atlanta, Mr. Kraft will oversee the firm’s coverage efforts across the retail and multi-unit sector, adding expertise in convenience stores, restaurants, and auto-related multi-unit companies.
Mr. Kraft joins after spending the past seven years in J.P. Morgan’s Investment Banking Group, most recently as a Managing Director covering the middle-market retail sector, including convenience stores, car washes, automotive services chains, restaurants, and discount retailers. In addition, he was responsible for leading client coverage efforts within the Southeast investment banking region for J.P. Morgan. Prior to J.P. Morgan, Mr. Kraft spent six years at SunTrust Robinson Humprey, Inc., advising on M&A and financing transactions in the retail and restaurant sectors. He has nearly two decades of experience working with multi-unit concepts.
“Kenny adds a valuable and highly specialized dimension to our retail coverage efforts, alongside a long track record of success in the multi-unit retail sector,” said Tim Larsen, Managing Director and Global Co-Head of Houlihan Lokey’s Consumer, Food & Retail Group. “His sector knowledge aligns with our dedication to deep sector specialization, and his client-first ethos is a perfect fit with our corporate culture and our approach to client success. We’re delighted that he has come on board to further build out our retail coverage capabilities,” he added.
“Houlihan Lokey’s market-leading Consumer, Food & Retail Group, paired with its extensive private capital markets expertise, deep financial sponsor relationships, and numerous other services, present a compelling and unique value proposition for retailers looking to transact in today’s active market,” said Mr. Kraft. “I’m excited to partner with my colleagues around the world and deliver the superior advice and outstanding outcomes that Houlihan Lokey’s clients expect.”
With nearly 130 financial professionals located in New York, Chicago, Dallas, Los Angeles, London, Munich, Milan, and Zurich, Houlihan Lokey’s Consumer, Food & Retail Group is among the largest in financial services, advising clients worldwide. In 2023, Houlihan Lokey was ranked as the No. 1 M&A advisor for all U.S. consumer, food, and retail transactions, according to LSEG (formerly Refinitiv).
About Houlihan Lokey
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 all global M&A transactions, the No. 1 M&A advisor for the past nine consecutive years in the U.S., the No. 1 global restructuring advisor for the past ten 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 LSEG (formerly Refinitiv).
View source version on businesswire.com: https://www.businesswire.com/news/home/20240624492994/en/
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