ORIX Corporation USA and Hilco Global have entered into a definitive agreement under which ORIX USA will acquire a majority equity ownership of Hilco Global.
Davis Polk & Wardwell LLP provided legal counsel to ORIX USA. J.P. Morgan Securities LLC served as Hilco Global’s financial advisor, and Kirkland & Ellis LLP and Greenberg Traurig LLP provided legal counsel.
The proposed transaction will accelerate ORIX USA’s growth by adding Hilco Global’s valuation expertise, advisory platform, and asset-based lending investment capabilities to expand ORIX USA’s middle-market-focused credit platform.
Under the terms of the agreement, Jeffrey Hecktman, Executive Chairman, Chief Executive Officer, and Founder of Hilco Global, will continue to lead Hilco Global as Chief Executive Officer, and Hilco Global’s executive leadership and partner base will retain a minority equity ownership position. Additionally, Hilco Global 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 post ORIX Corporation to Acquire Majority Stake in Hilco Global appeared first on Connect CRE.
