Houlihan Lokey, the US-based investment bank, has hired Credit Suisse’s Matthew Tehan as managing director to lead its capital markets team in Australia, according to a release.
Tehan had been with Credit Suisse for more than 17 years where he was most recently the co-head of debt and derivatives in the firm’s Capital Markets Solutions Group in Sydney. Before that, he also worked for Credit Suisse’s global markets solutions group and for its financial products effort in New York. During his time at Credit Suisse, Tehan led the structuring and origination of numerous capital markets transactions for the group’s clients.
“Matthew’s breadth of experience across the full spectrum of debt financing, combined with his expertise in risk management and strong client relationships across the region, makes him an excellent addition to our successful global Capital Markets team,” said Scott Adelson, co-president of Houlihan Lokey.
In his new role, Tehan will be based in Sydney and lead the development of the capital markets group in the region.
The firm has been expanding its capital markets business this year, adding a total of three managing directors in Sydney, London and New York. Houlihan Lokey’s Capital Markets Group has 35 professionals globally and focuses on delivering bespoke financing solutions to its clients. It has raised nearly $6 billion for clients across more than 30 transactions in the past 12 months.
The firm has also become known for providing financial advisory services to numerous high-profile restructuring transactions in Asia-Pacific. Most recently, the firm was appointed as advisor to the senior lenders in Bis Industries’ $1 billion debt-to-equity swap deal. The deal involved KKR, the owner of Bis Industries, and a new senior lending group that includes Carlyle Strategic Partners IV, Metrics Credit Partners and Värde Partners, according to a local news report.