Orix tips 10% growth in global asset management

Orix Corporation has spoken optimistically about growth prospects for the global asset management industry on the back of its acquisition of Dutch firm Robeco. The Japanese finance specialist agreed to pay 1.9 billion ($2.5 billion) to acquire a 90% equity stake in Robeco. AsianInvestor reported the financial details yesterday. Subject to regulatory approvals, the deal is expected to be completed in six months. The transaction priced at an estimated six-to-seven times Ebitda whi…