Houlihan Lokey, the international investment bank, has agreed to acquire McQueen Limited, the London-based independent advisory firm that provides corporate finance and other strategic advisory services to clients in the consumer sector.

The McQueen team will be integrated into Houlihan Lokey’s Consumer, Food & Retail (CFR) Group and be based in the firm’s London offices.

Following the acquisition, the CFR Group will comprise 45 professionals across London, New York, Chicago, Dallas, and San Francisco. In 2014, Houlihan Lokey’s CFR Group ranked #1 for closed transactions in both the United States and North America, according to Thomson Reuters.

“The McQueen team is an excellent addition to our industry-leading North American Consumer, Food & Retail Group and allows Houlihan Lokey to offer the same deep sector expertise to clients outside North America, particularly across Europe,” said Jay Novak, global head of the Consumer, Food & Retail Group. “This combination also enhances our ability to deliver seamless cross-continent execution and expert advice to clients around the world as we continue to build on the success we have achieved in the sector,” he added.

“We believe that joining Houlihan Lokey will significantly enhance and expand our capabilities,” said Shaun Browne, Partner at McQueen. “We anticipate that this move will strengthen our global reach and execution expertise, broaden our private equity relationships and provide us with access to their well-established and highly regarded Financial Restructuring and Financial Advisory Services businesses. We expect this to benefit our clients around the world and we are delighted to be joining such a successful and admired firm.”

Houlihan Lokey is ranked as the No. 1 M&A advisor for U.S. transactions under $5bn, the No. 1 M&A fairness opinion advisor for US transactions over the past 10 years, and the No. 1 global restructuring advisor, according to Thomson Reuters.

The deal follows the acquisition of Zolfo Cooper Europe by the US-based AlixPartners earlier this year.