GoPro Hires Houlihan Lokey to Explore Potential Sale After Inbound Inquiries
GPRO•GoPro has hired Houlihan Lokey to advise on a potential sale and other strategic alternatives after unsolicited inquiries from defense, consumer and financial parties. Founder Nicholas Woodman says substantial unrecognized value can be unlocked but the board has set no timetable or guarantees for completing any transaction.
1. Engagement of Houlihan Lokey
On May 13, GoPro retained Houlihan Lokey as financial advisor to assess a potential sale and other strategic alternatives following unsolicited inbound inquiries from defense, consumer and financial sector parties. Houlihan Lokey will lead valuation analysis and engage prospective buyers, while Fenwick & West serves as legal counsel for the process.
2. Strategic Review Process and Outlook
Founder and CEO Nicholas Woodman stated that GoPro holds substantial unrecognized value and the board fully supports efforts to maximize shareholder value. The board has not established a timeline or made any decisions regarding specific transactions, and there are no assurances on the outcome or completion of the strategic review.
