Houlihan Lokey Advises ORIX

Houlihan Lokey is pleased to announce that ORIX Corporation (ORIX) has agreed to sell SUGIKO to The Carlyle Group (Carlyle).

ORIX is engaged in a wide range of businesses, including leasing, corporate financial services, industrial and ICT equipment, environment and energy services, automotive-related services, real estate-related services, business investment and concessions, banking, and life insurance. The company operates globally, with bases in approximately 30 countries and regions.

SUGIKO offers services related to the rental of scaffolding and temporary construction materials, as well as safety management and construction support, to a wide range of customers in the construction, plant, and infrastructure sectors. The company leads the industry through its extensive experience and commitment to safety and quality, and contributes to construction site operational efficiency by promoting the adoption of digital technologies.

Carlyle is a global investment firm with three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. As of December 31, 2025, the company had $477 billion of assets under management, and currently employs more than 2,500 people in 27 offices across four continents.

Since ORIX’s 2020 investment, SUGIKO has achieved solid growth, reaching record-high sales and operating profits. Given significant changes in the construction industry’s business environment, such as labor shortages and rising inflation, this partnership with Carlyle, which has extensive investment experience in the infrastructure sector, aims to achieve sustainable growth and further enhance SUGIKO’s corporate value.

Houlihan Lokey served as the exclusive financial advisor to ORIX. This transaction underscores Houlihan Lokey’s expertise in the financial services sector.

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