New subsidiary expands ORIX’s growing capital
solutions and asset management business in Latin America
ORIX Corporation (ORIX), a leading integrated financial services
group, announced today the company has acquired a controlling
interest in RB Capital Empreendimentos S.A. (RB Capital), a
Brazilian capital markets and asset management platform. The
acquisition leverages ORIX’s strategy to expand its growing capital
solutions and asset management business in Latin America.
“This acquisition is an important step in expanding ORIX’s
footprint in Latin America,” said Hideto Nishitani, ORIX USA
Corporation’s Chairman, President and CEO. “RB Capital has a
17-year track record and a strong team of talented professionals. A
strategic alliance with RB Capital gives ORIX the ability to extend
our asset management and capital market business through an
established operating platform. This will enable us to provide
tailor-made solutions and gain exposure to unique investment
opportunities in Brazil and important neighboring markets.”
Founded in 1999 by Luis Claudio Garcia de Souza and
headquartered in Sao Paulo, Brazil, RB Capital has issued
approximately 23 billion reais ($6.9 billion) of fixed income
credit products via RB Capital debt capital markets transactions
and 2.6 billion reais ($800 million) in assets under management
(AuM) in 19 funds specialized in real estate and infrastructure.
The RB Capital management team is comprised of seasoned
professionals, with most of them having more than 20 years of
experience in the Brazilian financial market.
“This is a powerful partnership built on the exceptional
reputations of two industry leaders,” said Marcelo Barbará, CEO of
RB Capital since 2010. “The combination of ORIX’s global financial
services capabilities with RB Capital’s seasoned leadership team
and local industry expertise accelerates our strategy to grow and
better serve our business partners through broader offerings. This
combination delivers significant long-term benefits for both
companies.”
“In choosing RB Capital as a global strategic partner, ORIX has
shown confidence in our platform and our people,” said Marcelo
Michalua, a Managing Partner and Director of RB Capital. “Under the
ORIX umbrella, the RB Capital platform can continue to raise
third-party capital, domestically and internationally, in
collaboration with other ORIX businesses; distribute high-quality
international funds through our distribution network; and expand
our debt capital markets business, not only in real estate and
infrastructure, but also in other segments where our capabilities
can provide unique capital market solutions.”
ORIX established ORIX Brasil Investimentos in Sao Paulo, Brazil,
in 2012 under the supervision of its wholly owned subsidiary, ORIX
USA. RB Capital is a new subsidiary of ORIX USA under the
leadership of Jorge Jaramillo, Managing Director and Head of ORIX
Latin America. Jaramillo will have overall responsibility for RB
Capital, including seamless assimilation and strategic
collaboration with the ORIX group.
“A pioneer in structuring capital market solutions to real
estate in Brazil, RB Capital is ORIX’s strategic partner of choice
in Brazil because of their reputable brand and proven ability to
link asset origination capabilities with the needs of investors,”
Jaramillo said. “This alliance combines RB Capital’s reputation,
local expertise and ability to identify attractive business
opportunities with the strength of ORIX’s global network and solid
past performance. ORIX is pleased that the exceptionally strong
executive team at RB Capital will continue to operate as an
independent capital markets and asset management platform and
facilitate ORIX’s growth opportunities in Brazil.”
ORIX has a history of building long-term relationships in Latin
America, including a joint venture with Bradesco to establish
Brazil’s first leasing company in 1973 and with former Banco de
Chile. Since establishing an office in Sao Paulo, ORIX has made
direct proprietary investments in South America, with the goal of
finding the right local strategic platform and
partners. ORIX’s Latin America operations will continue to
source, evaluate and manage strategic and opportunistic investments
in Brazil, Chile, Colombia, Mexico and Peru, particularly focused
on growing a regional capital markets and asset management
platform, complementing ORIX’s strong global capabilities in those
sectors.
The acquisition was completed on Dec. 14, 2016, with the RB
Capital controlling shareholders, Luis Claudio Garcia de Souza,
Marcelo Barbará and Marcelo Medeiros, selling 100 percent of their
stake in the company representing 68 percent of the company’s
capital. The remaining management team will maintain their equity
stake and purchase additional equity in the company, creating
positive alignment for the organization’s long-term growth.
For more information, visit www.orix.com/rbcapital.
About ORIX
ORIX Corporation (TOKYO: 8591) (NYSE: IX) is an opportunistic,
diversified, innovation-driven global powerhouse with a proven
track record of profitability. Established in 1964, ORIX at present
operates a diverse portfolio of businesses in the operations,
financial services and investment spaces. ORIX's highly
complementary business activities span industries including:
energy, private equity, infrastructure, automotive, ship and
aircraft, real estate and retail financial services. ORIX has also
spread its business globally by establishing locations in a total
of 37 countries and regions across the world. Through its business
activities, ORIX has long been committed to corporate citizenship
and environmental sustainability. For more details, please visit
our website: http://www.orix.co.jp/grp/en/
About ORIX USA Corporation
ORIX USA, a subsidiary of ORIX Corporation, 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 600
employees spanning 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. For more
information on ORIX USA, visit www.orix.com.
About RB Capital
Founded in 1999, RB Capital is a leading independent fully
integrated capital markets platform that provides innovative
capital and investment solutions focused in the real estate and
infrastructure sectors, including Build-to-Suit projects,
acquisition of real estate assets, fund management and
securitization. Based in Sao Paulo, Brazil, the firm has a highly
regarded brand, successful track record, and a premier customer and
investor base. RB Capital businesses include Debt Capital Markets
and Asset Management. For more information on RB Capital, visit
www.rbcapital.com.
Cautionary Language Concerning Forward-Looking
Statements
This press release contains, and oral statements made from time
to time by our representatives may contain, forward-looking
statements that are based upon our current expectations and
assumptions concerning future events, which are subject to a number
of risks and uncertainties that could cause actual results to
differ materially from those anticipated. The words "expect,"
"anticipate," "estimate," "forecast," "initiative," "objective,"
"plan," "goal," "project," "outlook," "priorities," "target,"
"intend," "evaluate," "pursue," "commence," "seek," "may," "would,"
"could," "should," "believe," "potential," "continue," or the
negative of any of those words or similar expressions are intended
to identify forward-looking statements. All statements contained in
this press release, other than statements of historical fact,
including, without limitation, statements about the benefits of the
transaction, objectives, expectations and intentions, strategies,
business initiatives, prospects, and the expected development of
the industry in which RB Capital operates, are forward-looking
statements that involve certain risks and uncertainties outside of
our control.
You should not place undue reliance on the forward-looking
statements contained in this press release. These forward-looking
statements speak only as of the date on which the statements were
made.
We undertake no obligation to update or revise any
forward-looking statements, except where expressly required by
law.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161215005318/en/
for ORIX CorporationAmanda Gleason,
972-770-5083agleason@marketwave.bizorJeff Smith,
214-237-2301Jeff.smith@orix.com
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