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Houlihan Lokey Inc. has appointed Géraud Estrangin as managing director in its Industrials Group in Paris, where he will focus on aerospace and defense transactions in Europe and support France-related deals globally. With nearly 30 years of investment banking experience, Estrangin co-founded Lincoln International's Paris office. His appointment coincides with the firm's Aerospace, Defense & Government practice, which has completed approximately 30 transactions in the past 18 months.