ORIX Corporation USA (ORIX USA) has signed an agreement to acquire a majority stake in Hilco Global, a financial services firm based near Chicago, Illinois.
The financial terms of the deal were not disclosed.
This acquisition is designed to enhance ORIX USA’s growth by integrating Hilco Global’s expertise in valuation, advisory services, and asset-based lending. It is expected to align with ORIX’s focus on middle-market credit solutions.
Furthermore, the acquisition aims to strengthen client service capabilities amidst rising competition, offering Hilco Global increased financial flexibility to grow its asset management, private credit, and advisory services.
The transaction will establish a new asset-based lending division, uniting Hilco Global’s proficiency in tangible and intangible assets with ORIX’s capital resources to tap into emerging market opportunities.
Jeffrey B. Hecktman will continue as CEO of Hilco Global while maintaining a minority equity position alongside the existing executive leadership.
Hecktman said: “For more than 38 years, Hilco Global has built a legacy to be proud of, partnering with lenders, advisers, 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.”
Following the completion of this deal, expected in Q3 2025 pending customary closing conditions and regulatory approvals, Hilco Global will operate as a subsidiary of ORIX USA.
Hilco Global, founded in 1987, employs over 770 people globally and offers an array of financial services that combine deep asset valuation understanding with restructuring and capital solutions.
ORIX USA president and CEO Terry Suzuki “Hilco Global is an industry leader with an impressive reputation and robust experience, and we are proud to welcome them to 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.”
Legal counsel for ORIX USA was provided by Davis Polk & Wardwell, while J.P. Morgan Securities acted as financial adviser to Hilco Global. Kirkland & Ellis and Greenberg Traurig offered legal counsel for the transaction.
