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ORIX unit co-invests with Onward Capital in FSC Lighting acquisition

ORIX Corp. USA unit ORIX Mezzanine & Pvt. Equity invested an undisclosed amount of equity, alongside Chicago-based private equity firm Onward Capital LLC, in the purchase of FSC Lighting.

FSC manufactures LED lighting solutions for industrial, commercial and retail clients in the U.S.

TCF National Bank's TCF Capital Funding provided senior debt financing for the transaction, while Tecum Capital led the mezzanine debt financing.

Onward Capital invests in lower middle-market manufacturing and value-added distribution businesses. ORIX Mezzanine provides equity capital for independent sponsors in North America.