TOKYO, Apr 01 (Pulse News Wire) – ORIX Corporation (8591.T) revised its earlier announcement regarding the sale of its entire stake in IX PUSG Holdings, LLC, a subsidiary focused on Peak Utility Services Group, Inc., to a special purpose company formed by Greenbelt Capital Partners. The correction clarifies that the transaction is contingent upon regulatory approval under Hart-Scott-Rodino antitrust laws.
Originally, the release stated the condition was tied to halting the deal; however, the corrected version specifies it as a prerequisite for completion. The sale involves transferring ORIX's holding in IX PUSG Holdings, which was established in 2018 through its private equity arm, ORIX Capital Partners, LLC. Key details of the transaction include the transfer of shares from ORIX’s wholly-owned subsidiary to the special purpose company.
Post-transfer, the special purpose company will hold 100% of the shares, while ORIX will divest its entire interest. The capital structure and management roles remain unchanged, with Christopher Suan continuing as president of ORIX Capital Partners. The sale is expected to close in April 2026, subject to regulatory approvals.
The impact on ORIX’s fiscal results for the March 2026 and March 2027 periods is anticipated to be minor.
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