ORIX CORPORATION : ORIX Announces Capital Participation in Mongolia’s First PE Fund
TOKYO, Japan - February 4, 2013 - ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today announced its capital participation in the private equity fund "The Mongolia Opportunities Fund I," established by the Mongolian investment firm Mongolia Opportunities Partners as the first private equity fund in Mongolia. ORIX aims to use this fund as a vehicle to make its first investment in Mongolia.
The Mongolia Opportunities Fund I is a private equity fund established in June 2011 with the aim of investing in high-growth sectors of the Mongolian economy such as mining, infrastructure and export-related areas. Mongolia Opportunities Partners, the fund operator, is comprised of staff with a wealth of experience in M&A, investment and asset management at international financial institutions and major foreign capital consulting firms. This staff will fulfill the role of bringing foreign investors to the Mongolian economy. ORIX is participating as an investor in the expansion of the fund.
Mongolian industry primarily consists of mining, herding and agriculture. Mongolia leads the globe in growth, with a 17.51% actual growth rate in 2011 and 12.67% forecasted for 2012*. Many regions in Mongolia have mineral deposits such as copper and coal, and the mining industry is predicted to become a future industrial pillar along with large scale expansion expected in infrastructure investment and related service industries.
ORIX is aggressively pursuing investment in growth areas in the high-growth Asian market. Through this investment, ORIX aims to create a local network and contribute to the development of the Mongolian economy by capitalizing on its financial services know-how and client base accumulated in Japan.
* Source: IMF - World Economic Outlook Database (October 2012).
The Mongolia Opportunities Fund I Overview
The Mongolia Opportunities Fund I is a private equity fund established in June 2011 with the aim of investing in high-growth sectors of the Mongolian economy such as mining, infrastructure and export-related areas. Mongolia Opportunities Partners, the fund operator, is comprised of staff with a wealth of experience in M&A, investment and asset management at international financial institutions and major foreign capital consulting firms. This staff will fulfill the role of bringing foreign investors to the Mongolian economy. ORIX is participating as an investor in the expansion of the fund.
Mongolian industry primarily consists of mining, herding and agriculture. Mongolia leads the globe in growth, with a 17.51% actual growth rate in 2011 and 12.67% forecasted for 2012*. Many regions in Mongolia have mineral deposits such as copper and coal, and the mining industry is predicted to become a future industrial pillar along with large scale expansion expected in infrastructure investment and related service industries.
ORIX is aggressively pursuing investment in growth areas in the high-growth Asian market. Through this investment, ORIX aims to create a local network and contribute to the development of the Mongolian economy by capitalizing on its financial services know-how and client base accumulated in Japan.
* Source: IMF - World Economic Outlook Database (October 2012).
The Mongolia Opportunities Fund I Overview
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