Houlihan Lokey Is Said in Talks to Buy Placement Agent Triago

Houlihan Lokey Inc. is in talks to acquire Triago, a placement agent best known for assisting private equity firms with fundraising, according to people with knowledge of the matter.

A transaction, which hasn’t yet been finalized, would bolster Los Angeles-based Houlihan’s offerings as it competes against rival investment banks for fees. A deal isn’t guaranteed and it’s possible talks could collapse.

Representatives for Houlihan and Triago declined to comment.

Houlihan Lokey Executive Chairman Irwin Gold and CEO Scott Beiser.

Source: Houlihan Lokey Inc.

Houlihan, led by Chairman Irwin Gold, Chief Executive Officer Scott Beiser and Co-Presidents Scott Adelson and David Preiser, has grown in part by purchasing smaller firms. In July, ...