ORIX to buy NXT
ORIX Corp USA said July 1 that it agreed to buy NXT Capital. Financial terms weren’t announced. NXT, of Chicago, is a middle market lender. NXT is backed by Stone Point Capital, Ontario Teachers' Pension Plan, and Aflac Inc. Nikkei Asian Review pegged the sale at more than 100 billion yen ($903 million). Houlihan Lokey Inc advised ORIX USA while Davis Polk & Wardwell LLP acted as legal adviser. J.P. Morgan Securities LLC provided financial advice to NXT, while Kramer Levin Naftalis & Frankel LLP acted as legal adviser.
2 July 2018•4 mins read
