Orix Agrees to Acquire Majority Stake in Hilco Global

Orix Agrees to Acquire Majority Stake in Hilco Global

NORTHBROOK, ILL. — Orix Corp. USA, the U.S. arm of Japanese investment firm Orix, has entered into a definitive agreement to acquire a majority equity ownership of Hilco Global, a financial services firm headquartered in Northbrook. The deal values the firm at $1 billion, reports Crain’s Chicago Business. The proposed transaction will create a new asset-based lending arm. Under the terms of the agreement, Jeffrey Hecktman will continue to lead H…

ORIX Corporation to Acquire Majority Stake in Hilco Global

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…