Orix to buy NXT Capital

|About: Orix Corporation (IX)|By:, SA News Editor

Financial services firm Orix (IX -0.5%) agrees to acquire US based lender NXT Capital, and strengthen its competitiveness in the US middle-market lending segment.

Deal value is expected to be over $900M.

NXT Capital will operate as a subsidiary of ORIX USA, with Robert Radway to continue serve in his current role as Chairman and CEO

The acquisition is expected to close in August 2018.

Subscribe for full text news in your inbox