UK - Debt advisory heads leave Houlihan Lokey

Kimberly
29 April 2009

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Unquote" can exclusively reveal that joint heads of European debt advisory at investment bank Houlihan Lokey William Allen and Jonathan Guise have left the firm. Their departures come less than two years after joining as managing directors when the firm they founded, Blenheim Advisors, was acquired in September 2007. The two left independently of each other, with Allen leaving just this week.

Sources say that Allen indicated in a message to clients that he will be 'completely out of the market' for six months on gardening leave.

It is not unreasonable to assume the two may re-emerge from mid-October. In Allen's message he said: "I feel it is time for me to review new and extraordinary opportunities emerging in this unprecedented marketplace... I am sure our paths will cross again in the future and I very much look forward to working with you again."

And they may team up again, given their careers have mirrored one another's: both were senior executive directors in the European Leveraged Finance Group of CIBC World Markets plc, and before that they cut their teeth at the European Leveraged Finance Group at UBS Warburg.

Blenheim Advisors was founded in 2003, with six leveraged debt advisory professionals advising on more than 40 deals in seven countries, raising nearly €8bn in debt.