Japan's Orix to enter US asset management via buyout of MIG Holdings
Orix Corp., the Japanese financial conglomerate, will take a majority stake in MIG Holdings, the parent of $11.7 billion US hedge fund and alternative assets management firm Mariner Investment Group, in a deal said to be worth some $184.6 million.
The acquisition will be made through Orix's Dallas-based US subsidiary. This purchase will pave the way for Japan’s Orix to enter the US asset management business. Orix reportedly will send two representatives...
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