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ORIX acquires controlling interest in Brazilian asset management platform

ORIX Corp. acquired a controlling interest in the Brazilian capital markets and asset management platform, RB Capital Empreendimentos SA.

RB Capital controlling shareholders, Luis Claudio Garcia de Souza, Marcelo Barbará and Marcelo Medeiros, sold 100% of their stake, which represents 68% of the company's capital.

RB Capital is a new subsidiary of ORIX unit ORIX USA, the company said Dec. 15. Jorge Jaramillo, managing director and head of ORIX Latin America, will have overall responsibility for RB Capital.

ORIX did not provide further details about the acquisition, including the pricing of the deal.