电子商务和D2C市场更新

Q1 2025 Houlihan Lokey, Inc. (NYSE:HLI) is a leading global investment bank with expertise in mergers andacquisitions, capital solutions, financial restructuring, and financial and valuation advisory.Our firm is the trusted advisor to more top decision-makers than any other independent global investment bank.LeadingCapital Solutions GroupCORPORATE FINANCENo. 1Global M&A AdvisorAbout Our Firm22024 M&A Advisory RankingsAll Global TransactionsAdvisorSource: LSEG (formerly Refinitiv).Excludes accounting firms and brokers. No. 1Global Restructuring AdvisorFINANCIAL RESTRUCTURINGNo. 1Global M&A Fairness OpinionAdvisor Over the Past 25 YearsFINANCIAL AND VALUATION ADVISORY1,800+Transactions Completed Valued atMore Than $3.8 Trillion Collectively2,000+Annual Valuation Engagements2000–2024 Global M&AFairness Advisory RankingsAdvisorSource:LSEG (formerly Refinitiv).Announced or completed transactions.2024 Global Distressed Debt &Bankruptcy Restructuring RankingsDealsAdvisor88HoulihanLokey159PJT Partners Inc248Rothschild & Co344Lazard440Perella Weinberg Partners LP5Source: LSEG (formerly Refinitiv).Deals415HoulihanLokey1406Rothschild & Co2371Goldman Sachs & Co3342JP Morgan4309Morgan Stanley5 Learn more about howour advisors can serveyour needs:Corporate FinanceFinancial andValuation AdvisoryFinancial RestructuringOur Industry Coverage 25Senior officers dedicated tothe sponsor community in theAmericas and Europe.1,900+Sponsors covered, providingmarket insights and knowledgeof buyer behavior.800+Companies sold to financialsponsors over the past five years.Fully Integrated FinancialSponsor Coverage Our clientsbenefit fromour local presenceand global reach.AMERICASAtlantaLos AngelesBaltimoreMiamiBostonMinneapolisCharlotteNew YorkChicagoSan FranciscoDallasSão PauloHoustonWashington, D.C.(1)As of March 31, 2025.(2)As of April 30, 2025.(3)LTM ended March 31, 2025.34LocationsWorldwide~2,000Total FinancialProfessionals3 AboutOurConsumer Group4Tombstones included herein represent transactions closed from 2021 forward.*Selected transactions were executed by Houlihan Lokey professionals while at other firms acquired by Houlihan Lokey or by professionals froma Houlihan Lokey joint venture company.Houlihan Lokey’s Consumer Group has earned a reputation for providingsuperior service and achieving outstanding results in M&A advisory,capital-raising, restructuring, and financial and valuation advisoryservices.We have built a reputation as a trusted advisor to companies in the consumerindustry. We do this by combining our extensive market capabilities with our in-depthindustry knowledge to help maximize shareholder value for our clients.Consumer Group: No. 1 for All U.S. M&A TransactionsBased on number of transactions andaccording to data provided by LSEG(formerly Refinitiv), Houlihan Lokey wasranked theNo. 1investment bank for all U.S. consumerM&A transactions in 2024.2024 M&A Advisory RankingsAll U.S. Consumer TransactionsDealsAdvisor26Houlihan Lokey120William Blair & Co219Jefferies LLC317Generational Equity417Lincoln International4Source: LSEG (formerly Refinitiv). Consumer IndustryCoverage 125+DedicatedConsumerGroup FinancialProfessionals60+CompletedIndustry SectorTransactions inCY24Key Factsand Figures Industry Sector CoverageConsumerProductsWe cover a broad array of sectors, with financial professionalsdedicated to each of our primary coverage areas.Food andBeverageFeatured Consumer Transactionstototo ConsumerChannelsand Leisure AboutOur E-Commerce and D2C Team5The E-Commerce and Direct-to-Consumer (D2C) team, which operates withinHoulihan Lokey’s Consumer Group, has earned a reputation for providing superiorservice and achieving outstanding results in M&A advisory, capital-raising,restructuring, and financial and valuation advisory services.The global Houlihan Lokey Consumer Group has more than 125 dedicated advisors located in11 offices around the world and has built a reputation as a trusted advisor to companies in theconsumer industry. We do this by combining our extensive market capabilities with our in-depth industry knowledge to help maximize shareholder value for our clients. When ourexperience is combined with our comprehensive understanding of the industry’s financial,regulatory, and competitive dynamics, we are able to more effectively analyze a full range ofstrategic options, such as mergers, acquisitions, divestitures, capital raising, and asset saletransactions.toFeatured TransactionstototoTombstones included herein represent transactions closed from 2017 forward.*Selected transactions were executed by Houlihan Lokey professionals while at other firms acquired by Houlihan Lokey or by professionals froma Houlihan Lokey joint venture company. SubsectorCoverageAggregators, Platforms, and MarketplacesCircular and Sustainable BrandsCircular BusinessCircular EnablersCircular Marketplaces(Peer-to-Peer, Managed)Direct-to-ConsumerFashion/ApparelFitnessFood RetailGaming and GamblingMulti-Unit ServicesOut-of-Home E