Foley Said to Depart Houlihan Lokey's Private-Equity Group

Jake Foley has left his job as a managing director at investment bank Houlihan Lokey Inc., according to two people with knowledge of the matter. 

Foley, an executive in the financial sponsors team that consults with private-equity clients, departed at the end of September, said the people, who asked not to be named because the exit wasn’t announced. Foley was part of the team that worked with hedge fund Barington Capital Group LP to prod Darden Restaurants Inc. to split into two companies in 2013.

John Gallagher, a spokesman at Los Angeles-based Houlihan Lokey, declined to comment. An e-mail message sent to Foley seeking comment wasn’t returned immediately.

Houlihan Lokey, which went public in August, hired Foley in 2010 from Deutsche Bank AG in New York, where he served as a managing director and head of the bank’s transaction origination group. He previously held senior-level business-development positions at Banc of America Securities and Morgan Stanley.

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