Orix

ORIX Submits Form 20-F for Filing for the Fiscal Year Ended March 31, 2020

Wednesday, July 1, 2020 - 2:30am

ORIX Corporation (TOKYO: 8591; NYSE: IX; ISIN:JP3200450009) has submitted its annual Form 20-F for the fiscal year ended March 31, 2020 to the U.S. Securities and Exchange Commission on June 29, 2020.

Key Points: 
  • ORIX Corporation (TOKYO: 8591; NYSE: IX; ISIN:JP3200450009) has submitted its annual Form 20-F for the fiscal year ended March 31, 2020 to the U.S. Securities and Exchange Commission on June 29, 2020.
  • Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 37 countries and regions across the world.
  • Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually.
  • In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society.

RED Mortgage Capital Provides Freddie Mac Financing for a Multifamily Property in Reynoldsburg, Ohio

Friday, June 5, 2020 - 4:19pm

RED Mortgage Capital (RED), a division of ORIX Real Estate Capital, announced that they have provided an $11.36 million Freddie Mac conventional mortgage loan to refinance Redwood Reynoldsburg (formerly known as Blacklick Pointe), a multifamily community located in Reynoldsburg, Ohio.

Key Points: 
  • RED Mortgage Capital (RED), a division of ORIX Real Estate Capital, announced that they have provided an $11.36 million Freddie Mac conventional mortgage loan to refinance Redwood Reynoldsburg (formerly known as Blacklick Pointe), a multifamily community located in Reynoldsburg, Ohio.
  • Less than 24 months old, the property is in excellent condition and one of the newest assets in the immediate area.
  • This is the first Freddie Mac conventional loan closed by RED, a division of ORIX Real Estate Capital, and is made possible by our recent merger with Hunt Real Estate Capital, noted Andy Warnock, managing director at RED.
  • RED Mortgage Capital, a division of ORIX Real Estate Capital (OREC), provides targeted financial services in the multifamily and affordable housing markets.

ORIX Real Estate Capital Named Top FHA Lender in 2019

Wednesday, May 27, 2020 - 4:57pm

ORIX Real Estate Capital (OREC) announced today that it was ranked the top Federal Housing Administration (FHA) lender in the recently released 2019 Commercial/Multifamily Annual Originations Rankings by the Mortgage Bankers Association (MBA).

Key Points: 
  • ORIX Real Estate Capital (OREC) announced today that it was ranked the top Federal Housing Administration (FHA) lender in the recently released 2019 Commercial/Multifamily Annual Originations Rankings by the Mortgage Bankers Association (MBA).
  • OREC, a subsidiary of ORIX USA, was formed in January 2019 by combining RED Capital Group and Lancaster Pollard.
  • We expect our recent merger with Hunt Real Estate Capital to consolidate our position at the top of the list.
  • ORIX Real Estate Capital (OREC), which includes the Lancaster Pollard, RED Capital Group, and Hunt Real Estate Capital brands, provides specialized capital solutions for multifamily, affordable, seniors and health care real estate together with its affiliated companies.

ORIX Real Estate Capital Signs New Agreement with Clik.ai

Monday, May 4, 2020 - 4:00pm

TORONTO, May 4, 2020 /PRNewswire-PRWeb/ -- ORIX Real Estate Capital, one of the largest global commercial real estate service providers, has signed up with Clik.ai and will take advantage of Clik's AI-driven workflow automation engine to enhance its loan servicing operations.

Key Points: 
  • TORONTO, May 4, 2020 /PRNewswire-PRWeb/ -- ORIX Real Estate Capital, one of the largest global commercial real estate service providers, has signed up with Clik.ai and will take advantage of Clik's AI-driven workflow automation engine to enhance its loan servicing operations.
  • said Barry Fuller, Senior Managing Director of ORIX Real Estate Capital.
  • Clik.ai will have a dedicated account manager for ORIX Real Estate Capital and provide on-demand support throughout this process.
  • Clik.ai is a leading automation software company for the real estate industry that serves over 20 North American mortgage banking, servicing and real estate companies evaluate over $1 billion in commercial real estate transactions every month.

ORIX Corporation USA and Mariner Investment Group Agree to Buyout by Mariner’s Management

Thursday, April 23, 2020 - 9:00pm

ORIX Corporation USA (ORIX USA) and Mariner Investment Group (Mariner) today announced they have reached an agreement to sell Mariner to Curtis Arledge, Mariner Chairman and CEO, William Michaelcheck, Mariner Founder, Partner and Co-Chief Investment Officer and other senior members of the firm.

Key Points: 
  • ORIX Corporation USA (ORIX USA) and Mariner Investment Group (Mariner) today announced they have reached an agreement to sell Mariner to Curtis Arledge, Mariner Chairman and CEO, William Michaelcheck, Mariner Founder, Partner and Co-Chief Investment Officer and other senior members of the firm.
  • As part of the transaction, ORIX USA will retain Mariners leveraged credit business, originally launched at ORIX USA and co-led by David Martin and Erik Gunnerson.
  • "This transaction will allow us to further hone the asset management solutions we provide our clients, said Terry Suzuki, CEO and President of ORIX USA.
  • ORIX USA will use an existing affiliated registered investment adviser to house the Leveraged Credit business, as well as other potential asset management strategies in the future.

Piraeus Bank Has Entered Into a Strategic Collaboration With ORIX Corporation

Friday, February 21, 2020 - 5:38pm

Following Piraeus Banks corporate announcement on 12 July 2019 that it was exploring a potential partnership with a major Asian Pacific financial conglomerate, Piraeus Bank has now entered into an exclusive, strategic collaboration agreement with ORIX Corporation, a Japan and US-listed company, for the provision of financing solutions to the Greek maritime sector.

Key Points: 
  • Following Piraeus Banks corporate announcement on 12 July 2019 that it was exploring a potential partnership with a major Asian Pacific financial conglomerate, Piraeus Bank has now entered into an exclusive, strategic collaboration agreement with ORIX Corporation, a Japan and US-listed company, for the provision of financing solutions to the Greek maritime sector.
  • Piraeus Bank is committed to the support of the maritime sector with an overall portfolio to Greek Shipping exceeding USD2.5bn.
  • Through the strategic collaboration agreement with ORIX, Piraeus Bank aims to strengthen its long-standing client relationships.
  • Houlihan Lokey acted as exclusive financial advisor to Piraeus Bank.

ORIX USA Appoints Art Mbanefo Chief Investment Officer and Head of Principal Business

Wednesday, February 12, 2020 - 7:00pm

ORIX Corporation USA ( ORIX USA ), the U.S. and Latin America business hub for international financial services company, ORIX Corporation (ORIX), announced today that Art Mbanefo was named as the companys Chief Investment Officer (CIO) and Head of Principal Business.

Key Points: 
  • ORIX Corporation USA ( ORIX USA ), the U.S. and Latin America business hub for international financial services company, ORIX Corporation (ORIX), announced today that Art Mbanefo was named as the companys Chief Investment Officer (CIO) and Head of Principal Business.
  • View the full release here: https://www.businesswire.com/news/home/20200212005736/en/
    We are very pleased to welcome Art as an important addition to the ORIX USA executive management team, said Terry Suzuki , ORIX USA President and CEO.
  • In his new role, Mbanefo is responsible for managing the active investment, underwriting and allocation of assets of ORIX USA and has oversight for all principal business.
  • Mbanefo brings a wealth of investment experience across multiple debt and equity classes to ORIX USA.

Harris Williams Advises Specialty Welding and Turnarounds LLC on its Sale to ORIX Capital Partners LLC

Monday, February 3, 2020 - 8:45pm

Harris Williams , a global investment bank specializing in M&A advisory services, announces that it advised Specialty Welding and Turnarounds LLC (SWAT), a portfolio company of Hastings Equity Partners (Hastings), on its sale to ORIX Capital Partners LLC.

Key Points: 
  • Harris Williams , a global investment bank specializing in M&A advisory services, announces that it advised Specialty Welding and Turnarounds LLC (SWAT), a portfolio company of Hastings Equity Partners (Hastings), on its sale to ORIX Capital Partners LLC.
  • SWAT is a leading provider of specialty welding and turnaround services to refinery, petrochemical and industrial customers.
  • ORIX Capital Partners is a private equity firm focused on making direct equity investments in established middle market companies throughout North America.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

RED Mortgage Capital Provides Financing for Affordable Apartments in Upstate New York

Monday, February 3, 2020 - 8:37pm

RED Mortgage Capital (RED), a division of ORIX Real Estate Capital, announced that they have provided a $950,000 United States Department of Agriculture (USDA)-backed loan for the recently completed New York State Homes and Community Renewals (HCR) Walnut Hills Apartments project in Penn Yan, New York.

Key Points: 
  • RED Mortgage Capital (RED), a division of ORIX Real Estate Capital, announced that they have provided a $950,000 United States Department of Agriculture (USDA)-backed loan for the recently completed New York State Homes and Community Renewals (HCR) Walnut Hills Apartments project in Penn Yan, New York.
  • View the full release here: https://www.businesswire.com/news/home/20200203005750/en/
    The Walnut Hills project was a $10.7 million rehabilitation of 59 existing apartments and new construction of eight additional apartments.
  • Financing included $8.5 million in subsidy from New York State Homes and Community Renewal.
  • RED Mortgage Capital, a division of ORIX Real Estate Capital (OREC), provides targeted financial services in the multifamily and affordable housing markets.

ORIX Capital Partners Acquires Specialty Welding and Turnarounds, LLC

Monday, February 3, 2020 - 3:00pm

ORIX Capital Partners (OCP) announced today the acquisition of a majority interest in Specialty Welding and Turnarounds , LLC, (SWAT), a leading provider of specialty welding and other highly technical turnaround services to the oil and gas refinery, petrochemical and industrial markets.

Key Points: 
  • ORIX Capital Partners (OCP) announced today the acquisition of a majority interest in Specialty Welding and Turnarounds , LLC, (SWAT), a leading provider of specialty welding and other highly technical turnaround services to the oil and gas refinery, petrochemical and industrial markets.
  • SWATs focus on specialty welding and turnaround services with the high level of craftsmanship of its people, combined with a strong company culture, has driven an exceptional performance record in what has become a best-in-class provider, said Craig Kahler , Managing Director of ORIX Capital Partners.
  • Prior to the ORIX Capital Partners acquisition, SWAT was majority-owned by Hastings, a private equity firm focused on investing in middle-market industrial services and equipment companies.
  • ORIX Capital Partners (OCP), a wholly owned subsidiary of ORIX Corporation USA (ORIX USA), is an operationally-focused private equity firm focused on making direct equity investments in established middle-market companies throughout North America, spanning a variety of industries including infrastructure services, business services and industrials.