ORIX Completes Acquisition of Hilco Global, Enhancing Private Credit Business and Asset Management Model

ORIX Corporation has completed the acquisition of 71.4% of Hilco Global, a US-based financial services firm with a decades-long track record in asset appraisals. The acquisition will expand ORIX's private credit business and strengthen its asset management model by utilizing Hilco's asset appraisal capabilities and ABL expertise. Hilco will leverage ORIX's robust capital sources and lending expertise to broaden its financing solutions for clients.

ORIX Corporation USA ("ORIX USA") has completed its acquisition of a majority equity ownership in Hilco Global, a US-based financial services firm with a long-standing reputation in asset appraisals. The acquisition, announced on September 2, 2025, will expand ORIX's private credit business and strengthen its asset management model by leveraging Hilco's asset appraisal capabilities and asset-based lending (ABL) expertise. Hilco will also benefit from ORIX's robust capital sources and lending expertise, enabling it to broaden its financing solutions for clients [1].

Under the terms of the agreement, Hilco Global will operate as a subsidiary of ORIX USA, with the executive leadership team retaining a minority equity ownership position. The acquisition will simplify Hilco Global's operating structure into two divisions: Professional Services and Capital Solutions. The Professional Services division will expand Hilco's consultative practices, including asset valuation expertise and strategic and operational advisory capabilities. The Capital Solutions division will focus on asset management investing, particularly through asset-based private credit lending, benefiting from ORIX's capital and lending expertise [1].

"We are proud to officially welcome Hilco Global to ORIX USA," said Terry Suzuki, President and Chief Executive Officer of ORIX USA. "We look forward to working together to accelerate our shared growth. Adding Hilco Global's expertise, relationships, and sources of origination to ORIX USA's portfolio will position us well to maximize value for our investors, clients, and partners." Jeffrey B. Hecktman, Founding Chairman and Chief Executive Officer of Hilco Global, expressed similar enthusiasm, stating, "It has never been a more exciting time at Hilco Global, and we are so pleased to have ORIX USA as our long-term partner. We are expanding our platform, growing our emerging private credit business, and winning bigger transaction mandates across the market" [1].

The acquisition is expected to generate significant synergies, creating long-term value for both companies' shared client base. ORIX USA and Hilco Global have a combined client base that spans various industries, including retail, commercial industrial, real estate, manufacturing, brand, and intellectual property sectors. The combined entity will offer a more comprehensive suite of financial services, including asset valuation, restructuring, and private credit solutions [1].

The acquisition was advised by Davis Polk & Wardwell LLP, J.P. Morgan Securities LLC, Kirkland & Ellis LLP, and Greenberg Traurig LLP. For more information about ORIX Corporation USA and Hilco Global, please visit their respective websites: orix.com and hilcoglobal.com [1].

References:
[1] https://www.businesswire.com/news/home/20250902951174/en/ORIX-Corporation-USA-Completes-Acquisition-of-Majority-Stake-in-Hilco-Global