Associate - Power & Utilities, Minneapolis
Houlihan Lokey - Minneapolis, MN
posted 4 days ago
About the position
Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. The firm serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. The firm is the No. 1 investment bank for global M&A transactions under $1 billion, the No. 1 M&A advisor for the past eight consecutive years in the U.S., the No. 1 global restructuring advisor for the past nine consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by Refinitiv. Houlihan Lokey's growing Power & Utilities ("P&U") Group provides a unique opportunity to gain valuable experience in both sell-side and buy-side M&A and bespoke capital markets activities, as well as the largest and most complex restructuring transactions in the power industry. The P&U Group has global coverage responsibilities for the firm's investment banking activities in the power sector, including significant sell-side and buy-side M&A mandates for large renewable projects, merchant energy producers and IPPs, power & gas retailers and investor owned utilities. Notably, given the ongoing global energy transition, electrification and other ESG themes, the P&U Group has experienced significant growth in inquiries and projects for renewable project owners, energy transition sector players, and their stakeholders. In addition, the P&U Group has worked on all 15 of the largest P&U restructurings since 2000 including Enron, Energy Future Holdings (TXU), Pacific Gas & Electric and SunEdison. The P&U Group also provides industry support for HL's market leading fairness and valuation practice.
Responsibilities
- Advising boards of directors, equity sponsors, owners, investors and other stakeholders of merchant power producers, renewable energy companies, IPPs, retailers and utilities on the evaluation, marketing, and execution of various transactions
- Performing all pertinent financial analyses, including with respect to valuations (discounted cash flow, LBO, trading comparables, precedent transactions, etc.)
- Conducting financing and debt capacity analyses
- Analyzing recovery waterfalls, and recovery and equity split analyses
- Performing returns / IRR analyses
- Preparation of marketing materials, pitches, teasers, and various presentations
- Interfacing with other industry professionals and consultants in evaluating power and utility assets
- Supporting ongoing analyses of recent events, transactions and trends within the power and utility sector
Requirements
- At least three years of investment banking, consulting, investment management, restructuring advisory or similar experience
- Experience in unregulated or regulated U.S. power markets, power project finance, trading/marketing, or corporate finance viewed favorably
- Experience in or knowledge of the renewable power industry and/or ongoing energy transition in the U.S. is a plus
Nice-to-haves
- B.A. or B.S. in Finance, Accounting, Business or Applied Economics and / or course work in accounting and finance
- Fundamental understanding of valuation theory, methodologies, and applications
- Strong financial and computer skills
- Demonstrated ability to work cooperatively with all levels of staff
- Strong analytical abilities, including financial modeling skills
- Excellent verbal and written communication skills
- An advanced level of attention to detail
Benefits
- Competitive total compensation package
- Discretionary incentive compensation
