Davis Polk Advises ORIX Corporation USA on Its Acquisition of NXT Capital
Davis Polk is advising ORIX Corporation USA on its acquisition of NXT Capital Inc. The transaction, which is expected to close in August 2018, is subject to customary closing conditions and regulatory approvals.
Since 1981, ORIX USA has provided innovative capital solutions that clients need to propel their business to the next level. ORIX USA and its subsidiaries—Boston Financial Investment Management, Lancaster Pollard, Mariner Investment Group, RB Capital and RED Capital Group—include a team of more than 900 employees spanning more than 30 offices across the United States and Brazil. NXT Capital is a provider of structured financing to the U.S. middle market. Since its formation in 2010, the company has originated approximately $20 billion in total financing volume spread over 600 transactions.
The Davis Polk corporate team includes partner Michael Davis and associates Andrew D. Krause and Michael Zhuoran Xu. Partner Nora M. Jordan and associate Matthew R. Silver are providing investment management advice. Partner Jeffrey P. Crandall and counsel David Mollo-Christensen are providing executive compensation advice. Partner Rachel D. Kleinberg is providing tax advice. Partner Frank J. Azzopardi is providing intellectual property and technology advice. Members of the Davis Polk team are based in the New York and Northern California offices.