Houlihan Lokey, a US-based investment bank specialising in mid-market deals around the world, has acquired UK-based debt advisory firm Blenheim Advisors as part of its global acquisition strategy.

Blenheim has advised private equity firms and their portfolio companies across Europe on 40 completed debt structures since its formation in 2003. Its acquisition is expected to boost Houlihan Lokey's European investment banking advisory platform, which currently offers mid-market mergers and acquisitions and financial restructuring services.