Simpson Thacher represented ORIX Corporation (“ORIX”) in connection with the formation and closing of QQCI Fund LP (the “Fund”) at the Japanese Yen equivalent of $2.5 billion. The Fund is fully capitalized by ORIX and Qatar Investment Authority, the sovereign wealth fund of the State of Qatar (“QIA”), with ORIX making up 60% and QIA making up 40% of the aggregate capital commitments to the Fund respectively.
The Fund will primarily invest in companies headquartered in Japan with an enterprise value of at least approximately $200 million, mainly targeting business succession, take-private and carve-out opportunities.
ORIX is a diversified multinational financial services group. ORIX Group is active around the world in financing and investment, life insurance, banking, asset management, real estate, concession, environment and energy, automobile-related services, industrial/ICT equipment, ships and aircraft.
The Simpson Thacher team included David Azcue, Adam Furber, Nick Qiu, Mai Kristofferson, Xue Zhang and Yuhei Watanabe (Asia – Private Funds); Kathryn Stone, Andrew Purcell and Michael Leitner (Tax); and Jeanne Annarumma (ERISA).