ORIX Corporation USA and Hilco Global (a diversified global financial services firm headquartered outside of Chicago, Illinois) announced that they have entered into a definitive agreement under which ORIX USA will acquire a majority equity ownership of Hilco Global.
This proposed deal will accelerate ORIX USA’s growth by adding Hilco Global’s extensive valuation expertise, advisory platform, and asset-based lending investment capabilities to complement and expand ORIX USA’s middle-market focused credit platform.
The proposed deal will enable both firms to deepen execution capabilities for clients during a period of heightened competition. And ORIX USA’s investment will expedite and augment Hilco Global’s growth strategy by providing financial flexibility and facilitating the expansion of Hilco Global’s asset management, private credit, and advisory solutions.
This will serve as the foundation for a new asset-based lending arm, which will combine Hilco’s expertise in and access to tangible and intangible assets with ORIX USA’s capital and lending capabilities to capitalize on this growing and compelling market opportunity.
Under the terms of the deal, Jeffrey B. 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. Plus, Hilco Global will operate as a subsidiary of ORIX USA.
Originally founded in 1987, Hilco Global is one of the fastest-growing financial services firms in the world. With over 770 employees worldwide, Hilco Global offers a comprehensive range of financial services that leverage a unique blend of deep asset valuation expertise, restructuring, and advisory experience, combined with capital solutions and principal investing.
Hilco Global leverages its extensive asset knowledge to identify market needs and opportunities, and execute proprietary transactions, delivering substantial returns for its clients. And by successfully using this asset expertise, Hilco Global has developed a reputation as the gold standard across both tangible and intangible asset classes, including commercial, industrial, manufacturing, real estate, consumer inventory, iconic brands, retail and wholesale inventory, intellectual property, patents, trademarks, and accounts receivable.
The deal is expected to close in the third quarter of 2025 after the satisfaction of customary closing conditions and the receipt of required regulatory approvals.
Support: Davis Polk & Wardwell provided legal counsel to ORIX USA. J.P. Morgan Securities served as financial advisor to Hilco Global, and Kirkland & Ellis and Greenberg Traurig provided legal counsel.
KEY QUOTES:
“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.”
Terry Suzuki, President and Chief Executive Officer of ORIX USA
“For more than 38 years, Hilco Global has built a legacy to be proud of, partnering with lenders, advisors, 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.”
Jeffrey B. Hecktman, Executive Chairman, Chief Executive Officer, and Founder of Hilco Global
“The Hilco Global platform consistently generates a unique and rich source of investment opportunities. I look forward to working with Jeff and the Hilco Global team to build out a truly differentiated asset-based lending business. Furthermore, Hilco Global’s advisory business is primed for growth and will be a key strategic focus going forward.”
Jeff Abrams, Group Head of Private Credit and Real Estate at ORIX USA
