Houlihan Lokey – E-Commerce and D2C, Q3 2023

Houlihan Lokey's e-commerce and D2C sector within its Consumer, Food & Retail Group is known for its excellent service and successful outcomes in M&A advisory, capital raising, restructuring, and financial and valuation advisory services. The global Consumer, Food & Retail Group has 125 dedicated advisors across 11 offices worldwide and has established itself as a trusted advisor in the CFR industry. By combining extensive market capabilities with in-depth industry knowledge, the group helps clients maximize shareholder value. Despite ongoing macroeconomic challenges and market uncertainty, M&A activity in the e-commerce and D2C sector remained low in Q3 2023, with only 72 transactions taking place. However, both the broader market environment and the Houlihan Lokey e-commerce and D2C sector index exhibited positive developments over the past year, indicating a positive outlook for the coming months and a strong fourth quarter. The e-commerce and D2C sector's landscape is evolving, with investors seeking high-quality assets in subsector niches. During Q3, the Houlihan Lokey E-Commerce and D2C team focused on securing high-quality assets with leading market positions, strong revenue growth, and profitability, using their extensive expertise to facilitate notable deals for clients.