The acquisition allows NXT to benefit from ORIX's financial strength
NXT Capital is now a subsidiary of ORIX Corporation USA after the completion of their acquisition agreement.
NXT will continue to operate out of its current headquarters in Chicago. Robert Radway will remain in his role of chairman and CEO. Additionally, the company’s more than 115 employees will join the ORIX USA group, which boasts 900 employees across more than 30 offices in the US and Brazil.
“NXT Capital is now a strategic part of ORIX USA’s asset management and middle-market growth engine,” said 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.”
"Our two companies complement each other very well," Radway said. "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.”
Following the acquisition, ORIX’s leveraged finance team will be integrated with NXT’s corporate Finance unit. The leverage finance unit provides cash flow-based debt and equity capital to middle-market companies by underwriting growth financings, recapitalizations, leveraged buyouts, acquisitions, and more.
The acquisition is the latest in a series of transactions for ORIX, which acquired Lancaster Pollard in 2017, Boston Financial Investment Management in 2016, and RED Capital Group in 2010. The three companies fall under the ORIX commercial mortgage servicing umbrella.
