Japan’s Orix plans $1b US private equity deals

Japanese financial services company Orix Corp plans to spend $1 billion over three-to-five years on acquisitions via a private equity firm it has set up in the United States, a person with direct knowledge of the matter said.

The expansion of Orix‘s existing private equity business outside Japan comes as the parent – valued at nearly $20 billion by market value – pursues aggressive diversification of operations at home and overseas to secure steady growth.

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