Orix $66 million acquisition of Sinar Mitra Sepadan Finance

Overview:

• ORIX Corporation has acquired 85% shares of Sinar Mitra Sepadan Finance (SMS)—an independent Indonesian auto loan company—from Padma Terang Sentosa, CLSA Capital Partners—through its special purpose vehicle Capella Star—and Victoria Pacific.
• ORIX will leverage the acquisition of SMS to expand its operations into the auto loan business in order to diversify the financial services it offers in Indonesia. 
• The Japanese financial services group made inroads in Indonesia in 1975 and began equipment and auto leasing businesses toward large companies and small to mid-size enterprises. 

 Katrin Kostadinova - Data analyst