Global Mid-Cap M&A Market Share Insights
Corporate Finance
Mergers & Acquisitions
Our Corporate Finance business is a leader in the Global mid-cap space, which
represented approximately 99% of M&A volume in CY 2023
Our market share in the Global mid-cap space is approximately 1%, based on the number
of closed Corporate Finance transactions we completed in CY 2023
The mid-cap space is less volatile than the large-cap space, which, when combined with
HL's ongoing opportunities to increase its relatively low market share, generally results in
less revenue "downside" in weaker M&A markets
GLOBAL CLOSED M&A TRANSACTIONS CY 2023
44,359 Transactions
Source: LSEG (formerly Refinitiv).
1. Includes capital advisory transactions.
1%
421 Transactions
> $1B in Value
MID-CAP TRANSACTIONS
43,938 Transactions
1%
HL Market Share¹
99%
99%
43,938 Transactions
< $1B in Value
CY 2023
CY 2023
Room to Grow-
The BIG Target
Houlihan Lokey | 20View entire presentation