1、1H 2025Governance,Risk,and ComplianceMarket UpdateExecutive Summary:GRC Market UpdateHoulihan Lokey has remained highly active in the governance,risk,and compliance(GRC)sector in the past 12 months with multiple closed/announced M&A advisory engagements as well as platform-building strategic moves:A

2、dvised GRMS on its sale to Achilles.The deal strengthens Achilles position as a global leader in supply chain risk management and enables it to offer unparalleled insights and tools to enhance supplier relationships(press release;see page 9).Advised Brycer on its strategic investment from TA Associa

3、tes.The partnership aims to accelerate Brycers growth as the company continues its mission of improving public safety through proactive compliance services and technology.TAs investment will enable Brycer to further enhance its technology platform,increase staff,execute strategic M&A,and expand its

4、service offerings.(press release;see page 10).Advised PROtect and Spire Capital on their sale to Sterling Investment Partners.The partnership will enable PROtect to focus on its next phase of growth,delivering lasting value to customers,employees,and stakeholders(press release).Hired Andrew Atherton

5、 to lead Houlihan Lokeys global governance,risk,and compliance coverage efforts(press release).2 The GRC ecosystem is undergoing rapid innovation across the value chain,impacting organizations of all sizes.Advances in GenAI,data and analytics,and the rising complexity of enterprise risks are fueling

6、 the next wave of GRC transformation,as companies accelerate their digitization and cybersecurity initiatives.Amid rising regulatory scrutiny,cybersecurity threats,and evolving ESG and data privacy mandates,the GRC landscape is under growing pressure.These dynamics are driving demand for integrated,