Orix USA buys majority stake in Hilco Global
The US arm of Japanese investment firm Orix is acquiring a majority stake in Hilco Global to expand its middle-market focused private credit platform and launch an asset-based lending business.
Hilco – a diversified financial services firm headquartered in Chicago – will be given “substantial additional capital” to boost its growth trajectory in asset management, private credit, and advisory solutions.
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Orix USA is committing $1bn (£732m) as part of the deal, according to sources cited by the Wall Street Journal.
A new asset-based lending arm will combine Hilco Global’s expertise in and access to tangible and intangible assets with ORIX USA’s capital and lending capabilities, the statement said.
Hilco will operate as a subsidiary of Orix USA, and will be led by Jeffery B. Hecktman, executive chairman, chief executive and founder of Hilco.
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“Hilco Global is an industry leader with an impressive reputation and robust experience, and we are proud to welcome them to Orix USA,” said Terry Suzuki, president and chief executive of Orix USA. “Orix USA has achieved its steady growth in part through the strategic acquisition of best-in-class businesses. As we evaluate our next chapter, clearly Hilco Global seamlessly fits into our team while also bringing new expertise, relationships, and sources of origination that will create value for our investors, clients, and partners.”
Hecktman said: “For more than 38 years, Hilco Global has built a legacy to be proud of, partnering with lenders, advisors, and companies around the globe as their trusted agent, investor, principal, and advisor of choice.
“Today’s announcement marks an important milestone in our journey to becoming the preeminent investment management and advisory firm, having found in Orix USA the ideal partner to help us accelerate our momentum, expand the innovative services and solutions we offer clients, and drive growth and profitability for our company in the years ahead.”
The deal is expected to close in the third quarter of 2025, subject to regulatory approvals.
Orix USA specialises in private credit, real estate, and private equity solutions for middle-market focused borrowers and investors.
The firm and its subsidiaries have $89.8bn in assets.
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