- Hebble named managing director, to work in Los Angeles
- Houlihan Lokey focuses on private transactions with new hire
Houlihan Lokey Inc., the firm that went public in August, hired ex-Cerberus Capital Management banker Christopher Hebble as a managing director in its capital markets business.
Hebble, who will be based in Los Angeles, was most recently responsible for origination, underwriting, portfolio management and investment exits for private transactions at Cerberus, Houlihan Lokey said in a statement Monday.
The investment bank, which was founded in the 1970s, went public to fuel expansion and add dealmaking capabilities after focusing on the world’s largest bankruptcies. Houlihan Lokey this year hired Patrick Schoennagel, formerly of General Electric Co.’s GE Capital, to boost the capital markets group.
“As alternative sources of financing continue to grow substantially, both in demand and availability, our clients more than ever require deep expertise in a broad range of capital markets solutions,” Scott Adelson, Houlihan Lokey’s co-head of corporate finance, said in the statement.
Moelis & Co. and Roger Altman’s Evercore Partners Inc. are among firms that have been adding staff to focus on private transactions.
Hebble, who worked at Houlihan Lokey from 2000 to 2004, received his bachelor’s degree from the University of Pennsylvania and MBA from USC’s Marshall School of Business, Houlihan Lokey said.
A spokesman for Cerberus declined to comment. Before Cerberus, Hebble was at Caltius Mezzanine Partners in Los Angeles, according to the statement.