ORIX Corporation USA (ORIX USA) has completed its acquisition of NXT Capital, which is now a new subsidiary of ORIX USA.
“NXT Capital is now a strategic part of ORIX USA’s asset management and middle-market growth engine,” says Hideto Nishitani, ORIX USA chairman, president and CEO. “We are fortunate to add NXT Capital to our team, which will bolster our reputation as a hybrid middle-market lender and asset manager.”
Based in Chicago, NXT Capital will continue to operate out of its current headquarters, while Robert E Radway remains in his role as chairman and CEO. More than 115 NXT Capital employees will join the 900 employees who are already part of the ORIX USA Group and who span more than 30 offices across the US and Brazil.
“Our two companies complement each other very well,” says Radway. “ORIX brings further scale and financial strength to NXT Capital with its larger portfolio of products, services and international presence. This provides an enhanced platform for NXT Capital to achieve continued growth and profitability.”
ORIX USA has a long history of providing cash flow-based debt and equity capital to middle-market companies through its Leveraged Finance business unit, which underwrites growth financings, recapitalisations, leveraged buyouts, acquisitions and more. Moving forward, the Leveraged Finance team will be integrated with NXT Capital’s Corporate Finance unit, strengthening the company’s overall middle-market financing capability.
“We’re excited to build upon our expertise with a seasoned partner like NXT Capital,” says Nishitani.