ORIX USA to acquire majority stake in Hilco Global
Torys is acting Canadian counsel for ORIX USA with a team that includes John Emanoilidis, Justin Crawford and Mitchell Hayes (corporate/M&A), Tom Stevenson and Parker Baglole (employment), Michael Fortier (environmental), Ed Fan and Jacquelyn Smalley (IP), Mavra Choudhry (privacy) and Jerald Wortsman (tax).
On July 3, 2025, ORIX Corporation USA (“ORIX USA”) and Hilco Global (“Hilco”) announced a definitive agreement under which ORIX USA will acquire a majority equity ownership of Hilco Global. The proposed transaction 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.
Under the terms of the agreement, Hilco Global will operate as a subsidiary of ORIX USA. 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 going forward.
The transaction is expected to close in the third quarter of 2025 after the satisfaction of customary closing conditions and the receipt of required regulatory approvals.
Further information can be found on BusinessWire’s website.
Hilco Global is a privately held diversified financial services company and the world’s preeminent authority on maximizing the value of assets. It delivers customized solutions to undervalued, high-potential companies to resolve complex situations and enhance long-term enterprise value.
ORIX USA specializes in private credit, real estate, and private equity solutions for middle market focused borrowers and investors. It serves institutional investors globally through a broad, integrated asset management platform, combining a robust balance sheet with third-party investor funds for a strong alignment of interest.