Deals
Orix Targets Investment Banking Assets With New Brazil Unit
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Orix Corp., the Japanese financing company targeting about $4 billion in private-equity investments by 2015, opened a Brazil unit this month to seek acquisitions in South America.
Orix Brazil Investments & Holdings Ltd., based in Sao Paulo, may spend as much as 50 billion yen ($634 million) taking majority stakes in local investment banks and asset managers, said Takaaki Nitanai, a Tokyo-based company spokesman. The unit will be managed by Orix USA Corp.