ORIX (IX) to Expand Asset Loan Business with Hilco Deal

ORIX Corporation (NYSE:IX) is one of the 13 Best Japanese Stocks to Buy According to Hedge Funds. On July 4, ORIX Corporation (NYSE:IX) announced that its US group company, ORIX Corporation USA (OCU), has entered into an agreement to acquire about 71.4% ownership of Hilco Global.

This strategic move will help OCU develop asset-based loan origination capabilities and grow its asset management business. ORIX Corporation (NYSE:IX) noted that the US market for asset-based loan origination has grown from $400 billion in 2018 to $550 billion in 2025. The corporation expects that the market will continue growing at a mid-single-digit rate annually.

ORIX (IX) to Expand Asset Loan Business with Hilco Deal

An ambitious entrepreneur on their phone, sealing a business deal as they stand in the city skyline.

OCU aims to capitalize on this market growth by strengthening its asset-based loan origination capacities and growing its asset-based loan contracts by using third-party assets. This will also improve its overall asset management business.

According to the report by ORIX Corporation (NYSE:IX), the acquisition is expected to be completed by the end of September 2025.

ORIX Corporation (NYSE:IX) is a Japanese diversified financial services group that is active globally in financing and investment, life insurance, banking, asset management, real estate, concession, environment and energy, and automobile-related services.

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Disclosure: None. This article is originally published at Insider Monkey.