ORIX USA Group Launches IX Capital Partners
March 22 2016 - 12:45PM
Business Wire
IX Capital Partners acquires investment in
RoadSafe Traffic Systems in debut transaction
ORIX USA, a diversified financial services company, announced
today the formation of IX Capital Partners, a new investment
initiative of its majority-owned subsidiary, Mariner Investment
Group LLC (Mariner). IX Capital Partners – Private Equity is
seeking to invest in equity capital in a variety of industries and
special situations in North America. Its target equity size per
deal is $100 million with a range of $50 million to $150 million.
This new team is based in Mariner’s New York City office, with an
office also in Dallas.
Together with ORIX USA’s corporate lending and financing
capabilities, IX Capital Partners will provide its investors
(including ORIX USA) with seamless opportunities to make
investments, providing a comprehensive one-stop solution to
middle-market companies.
IX Capital Partners represents the most recent business
collaboration between ORIX USA and Mariner, and facilitates the
opportunity for clients to co-invest alongside ORIX USA capital. As
a registered investment adviser, Mariner has the investment and
management infrastructure, as well as the regulatory compliance and
operational capabilities, to support IX Capital Partners’ needs,
while IX Capital Partners – Private Equity adds private equity
expertise to Mariner’s broad investment product offerings.
Partnering with New York private equity sponsor Aperion
Management and the investee entity’s management team, IX Capital
Partners recently sponsored its first private equity investment—the
acquisition of Chicago-based RoadSafe Traffic Systems, the largest
and only national provider of pavement marking, sign installation
and traffic control services and equipment to the roadway
construction, and railroad and utility industries in the United
States. RoadSafe operates from 31 branch and satellite locations,
enabling it to serve projects of any size in over 40 states.
The management team at RoadSafe—including CEO and President
David Meirick and Chief Financial Officer Brendan Kissane—will
continue leading the 1,000-plus employee company. Over the years,
RoadSafe has grown into a nationwide provider with the capability
to take on large-scale mandates and execute multistate projects
across the country, while still maintaining a focus on safety.
The acquisition of RoadSafe comes at an opportune time, just
after the Fixing America’s Surface Transportation (FAST) Act was
signed into law in December 2015. FAST provides long-term funding
certainty for essential transportation projects like new highways
and rail transit lines, and has resulted in railroad and utility
companies increasingly outsourcing their traffic control
requirements to trusted providers.
ORIX USA Corporation
ORIX USA provides innovative capital solutions that clients need
to propel their business to the next level. Based in Dallas, ORIX
USA has a team of more than 500 employees spanning nearly 20
offices across the U.S. and Brazil. ORIX USA and its family of
companies offer investment capital and asset management services to
clients in the corporate, real estate, municipal and energy
sectors, while holding $6 billion of assets and managing an
additional $29 billion, approximately. Its parent company, ORIX
Corporation, is a Tokyo-based, publicly owned international
financial services company with operations in 36 countries and
regions worldwide. ORIX Corporation is listed on the Tokyo (8591)
and New York Stock Exchanges (IX). For more information on ORIX
USA, visit www.orix.com.
Mariner Investment Group, LLC
Mariner Investment Group is an SEC-registered investment adviser
that manages several direct and affiliated single and
multi-strategy hedge funds, funds of funds and other alternative
investments services. Founded in 1992, Mariner and its associated
advisers employ approximately 155 people in New York, London,
Tokyo, Seoul, Philadelphia, Dallas, Harrison (NY), Rowayton (CT),
and Summit (NJ). www.marinerinvestment.com.
IX Capital Partners – Private Equity
IX Capital Partners – Private Equity, a division of Mariner
Investment Group, LLC, makes direct equity investments to support
growth and performance among established middle-market companies
throughout North America, spanning a variety of industries
including business services, retail, consumer, industrials,
telecommunications and technology. IX Capital Partners – Private
Equity is led by President and CEO Yoshiteru “Terry” Suzuki, who
previously served as Co-CEO of Cerberus Japan, along with Managing
Director Christopher Suan, who has joined IX Capital Partners from
his position as ORIX USA’s Chief Development Officer. Before
joining ORIX USA, Suan was a Managing Director at KKR.
RoadSafe Traffic Systems
RoadSafe Traffic Systems, Inc. is the nation’s largest provider
of traffic safety and pavement marking services and products with
branch offices located throughout the United States.
www.roadsafetraffic.com
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version on businesswire.com: http://www.businesswire.com/news/home/20160322006294/en/
for ORIX USAAmanda Gleason,
972-770-5083agleason@marketwave.biz
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