Orix to acquire majority stake in Hilco Global

ORIX Corporation (TSE: 8591) announced today that its U.S. group company, ORIX Corporation USA (OCU), has entered into a nonbinding Letter of Intent to acquire a majority stake in Hilco Global. Headquartered in Northbrook, Illinois, Hilco Global is valued for maximizing the value of assets for both healthy and distressed companies. The acquisition will accelerate OCU's growth by integrating valuation advisory and asset-based lending capabilities. The price and acquisition schedule are currently under discussion. Hilco Global has USD 348 million in capital as of December 31, 2024. The transaction is subject to the execution of a definitive agreement. ORIX expects Hilco Global to qualify as a Specified Subsidiary under Japanese regulations upon completion.