ORIX Corporation (TSE:8591) has entered into an agreement to acquire a 70% stake in Gravis Capital Management Ltd on December 4, 2020. Gravis will remain an independent business unit and distinct business operating under its existing brand within the ORIX Group, continuing to operate under its current brand with its existing management team. The deal is subject to receipt of regulatory approvals and the satisfaction of customary closing conditions. The transaction is expected to close during the first quarter of 2021. Houlihan Lokey (Corporate Finance) Limited and Fenchurch Advisory Partners Limited acted as financial advisors and Jonathan Angell of Dechert LLP acted as legal advisor to Gravis Capital Management. Gavin Davies of Herbert Smith Freehills LLP acted as legal advisor to ORIX Corporation.

ORIX Corporation (TSE:8591) completed the acquisition of 70% stake in Gravis Capital Management Ltd in January, 2021. As a result of this acquisition, ORIX will be able to support further growth of Gravis including expansion of its existing fund portfolios and formation of new funds.