Houlihan Lokey has acquired another boutique investment bank as the US-headquartered advisory firm continues to expand in Europe.

The bank has bought Baylor Klein, a boutique advisory firm specialising in the household, beauty, and personal care sectors, it said in a statement. The move means that a team of five dealmakers will switch across to Houlihan Lokey, adding to its rapidly expanding team of 170 corporate finance professionals in the region.