Houlihan Lokey Advises Pacific Rim Capital

Houlihan Lokey is pleased to announce the acquisition of a 49% stake in Pacific Rim Capital, Inc. (PRC) by Fuyo General Lease Co., Ltd. (Fuyo). The transaction closed on January 17, 2019. 

Founded in 1990 and based in Irvine, California, PRC is a leading independent leasing company that primarily conducts operating leases of material handling equipment in the United States, Mexico, and Canada.

Founded in 1969 and based in Tokyo, Japan, Fuyo has lines of business including: (1) leasing and installment sales of IT equipment, office equipment, industrial machinery/machine tools, commercial/service equipment, medical devices, transportation equipment (ships, aircrafts, automobiles, etc.), civil engineering and construction machinery, (2) commercial loans and other financial services, (3) real estate leasing, and (4) consulting services.

Fuyo has made this investment in PRC as part of a strategy to promote advancement into new areas through investment and collaboration with non-Japanese leasing companies. Notably, through the National Minority Supplier Development Council (NMSDC), PRC will maintain its Minority Business Enterprise (MBE) certification through the NMSDC's Growth Initiative Program as a minority-controlled company. The company will continue to be run and maintain control by its current management team.

Houlihan Lokey served as the exclusive financial advisor to PRC and assisted in initiating, structuring, and negotiating the transaction.

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