Investment bank Houlihan Lokey has added Keith Barry to its team as a managing director and the head of medical technology, a new practice within the firm’s healthcare group. Mr. Barry joins Allan Burton who was hired by Houlihan Lokey last month. Both professionals will be based in San Francisco.
Mr. Barry joins from Wells Fargo Securities where from 2016 to 2020 he was a managing director in its healthcare group focusing on the medical devices, life sciences, and diagnostics sectors. From 2006 to 2016, he was with Citigroup as a managing director in the firm’s healthcare group.
“With more than two decades of experience advising clients in the medical devices, life science tools, and diagnostics sectors, Keith is an outstanding addition to our healthcare group,” said Mark Francis, managing director and global head of Houlihan Lokey’s healthcare group. “We are excited to expand into the medical technology sector and further grow what is already one of the largest healthcare groups in financial services. Our corporate and financial sponsor clients that are considering or have investments in the medical technology sector will benefit tremendously from Keith’s insights, experience, and expertise, and we are delighted that he has joined the firm.”
Houlihan Lokey’s healthcare group has more than 40 professionals and offices in New York, Dallas, Chicago, and San Francisco. In 2019, Refinitiv (formerly Thomson Reuters) ranked the firm’s healthcare group as the leading M&A advisor for all US healthcare transactions.
“Houlihan Lokey’s unique culture, market leadership in mid-cap M&A, outstanding reputation for client service and superior results, and a comprehensive service offering presented an attractive value proposition for me, and I’m excited to launch a new practice for Houlihan Lokey,” said Mr. Barry. “I look forward to partnering with my colleagues across the firm to help clients take advantage of both the market opportunities that exist in the medical devices, life science tools, and diagnostics sectors and the broad range of products and services Houlihan Lokey provides to help them grow and thrive.”
The hiring of Mr. Barry is the second Wells Fargo professional added to the firm’s healthcare group in the past two months. In August, Allan Burton joined its team as a vice president after nine years at Wells Fargo, most recently in its healthcare investment banking group.
“Like Keith, Allan embodies the same client focus and dedication to outstanding results that are integral elements of the firm’s culture, and the fact that they already have a strong partnership will be immensely additive to the launch and success of this new practice. I’m delighted that Allan has joined Keith to establish our expansion into the medical technology sector,” added Mr. Francis.
Mr. Barry has his undergraduate degree in finance and computer applications from the University of Notre Dame. Mr. Burton’s undergraduate degree is in finance from Wake Forest University.
Houlihan Lokey (NYSE: HLI) is an investment bank that provides mergers and acquisitions, capital markets, private funds advisory, financial restructuring, valuation, and strategic consulting services. The firm is headquartered in Los Angeles with offices across the United States, Europe, the Middle East, and the Asia-Pacific region.
Private Equity Professional | September 9, 2020