Europe’s best for capital markets advisory 2026: Houlihan Lokey

Houlihan Lokey’s (HL) European Capital Solutions franchise has grown from five professionals in 2015 to 96 today, spanning nine offices across seven countries and 26 managing directors.

That growth arrived without the advantage of an inherited European franchise or an established institutional brand on the continent – it  was built deal by deal, through a deliberate decision to run a genuinely pan-European operation, with one pipeline, one team identity and one investor network deployed across markets, rather than a federation of country practices operating in parallel.

In 2025 the European team advised on 78 transactions and raised $21 billion of capital for clients across the full capital structure, from mid-market unitranches in Germany and the Nordics to investment-grade bond issuances for large-cap industrials, continuation vehicles for pan-European sponsors and primary fundraises for specialist asset managers.

The Constellation Automotive Group mandate was the signature transaction of the review period: a...

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