Axel Springer seeks buyers for German finance portal finanzen.net, sources say [Reuters]
Houlihan Lokey, Inc. Class A (HLI)
Last houlihan lokey, inc. class a earnings: 2/3 04:15 pm
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Source: Reuters
The media group, advised by investment bank Houlihan Lokey (HLI.N) , opens new tab , has invited bidders to submit indicative offers for the unit in the coming weeks, the sources said, speaking on condition of anonymity because the talks are private. Private equity groups including Cinven, Vitruvian Partners and Verdane were among the parties that were participating in the sale process, one of the sources said. Finanzen.net could be valued at around 250 million euros ($271 million) in a deal, the second source added. Spokespeople for Axel Springer and its private equity backer KKR & Co (KKR.N) , opens new tab declined to comment. Cinven and Vitruvian declined to comment and Verdane did not respond to a request for comment. With more than 37 million monthly visits, Karlsruhe-based finanzen.net is one of Germany's most popular finance sites. It also runs a low-cost trading platform that takes payments from banking counterparties, according to its website. The sale efforts c
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HLI
Earnings
- 2/1/24 - Beat
HLI
Sec Filings
- 4/3/24 - Form SC
- 3/4/24 - Form 8-K
- 3/1/24 - Form 4
- HLI's page on the SEC website