ORIX Corporation USA has announced a definitive agreement to acquire a majority equity stake in Hilco Global, a move that marks a significant expansion of ORIX USA’s presence in the middle-market credit and advisory space.
Davis Polk & Wardwell LLP acted as legal counsel to ORIX USA in the transaction. Hilco Global was advised by J.P. Morgan Securities LLC as financial advisor, with Kirkland & Ellis LLP and Greenberg Traurig LLP providing legal counsel.
This strategic acquisition is expected to accelerate ORIX USA’s growth by integrating Hilco Global’s valuation expertise, advisory services, and asset-based lending capabilities into ORIX USA’s existing credit platform.
Under the terms of the agreement, Jeffrey Hecktman—Executive Chairman, Chief Executive Officer, and Founder of Hilco Global—will remain CEO and continue to lead the company. Hilco Global’s executive leadership team and partner base will retain a minority equity ownership position. The company will operate as a subsidiary of ORIX USA.
“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 Officer of ORIX USA.
The acquisition underscores ORIX USA’s commitment to expanding its footprint in the middle-market financial services sector while preserving the legacy leadership and operational continuity at Hilco Global.
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