Hilco Global

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Hilco Global is a privately-held American holding company, headquartered in Chicago.ref Through its 20+ subsidiary business units, it provides services such as asset appraisals, valuations and liquidations, auctions and bulk dispositions of inventory and equipment, debt and equity capital financing, real estate disposition and lease restructuring services, and accounts receivable acquisitions. Hilco serves retailers, wholesalers, distributors and manufacturers, investors and advisors, including private equity firms, hedge funds, investment banks, law firms, turnaround professionals, accounting professionals, bankruptcy trustees and receivers. It is considered to be one of the largest distressed investment and advisory companies in the world.

The firm was founded in 1987 as "Hilco Trading Company Inc",ref and is headquartered in Northbrook, Illinois. It rebranded as Hilco Global in Jul.2013 as a holdco,ref and rolled out a new logo, marketing programs, and a new website.ref

Company

Ownership

Structure

Hilco Inc, the holdco, consists of 20+ subsidiaries. Hilco operates across 5 continents, doing business in 40+ countries.

  • Hilco Inc, Illinois, ref
    • Hilco Trading LLC, OC, reg. Delaware
      • Hilco International Holdings LLC, OC, reg. Delaware
        • Hilco London Ltd, OC
          • Hilco Capital Ltd, was Hilco UK Ltd, OC
          • Hilco Investments Ltd, OC
            • Hilco Profit Recovery Ltd, OC

Hilco Capital

Hilco Capital operates in Europe, and is headquartered in the UK. Acting as a principal or agent, Hilco Capital provides distressed businesses with restructuring and turnaround solutions to manage and stabilise finances and operations, through assisting in the acquisition of distressed businesses; acquiring under-performing and non-core businesses, divisions and assets; co-investing with private equity investors; refinancing distressed debt positions; and balance sheet restructuring. Some of the companies Hilco Capital has been involved with are:
  • 99p Stores
  • Allied Carpets Group plc
  • ASAP
  • Beatties of London
  • Blokker
  • Borders
  • British Home Stores
  • Clipper Marine
  • Courts plc
  • Denby
  • Ethel Austin
  • Focus DIY
  • HMV
  • Homebase
  • Hillier's
  • JJB Sports
  • Kwik Save
  • Littlewoods
  • Maplins
  • MFI Group
  • Moores
  • Staples
  • USG
  • Woolworths Group plc
    Woolworths-Group.svg

Timeline

ToDo: link, Timeline, History, Companies, Trademarks
  • 2013: Hilco Global: Hilco Trading Company changed its name.
  • 2012: Hilco Trading bought out Cerberus' equity interest (acquired in 2006).
  • 2011: Hilco Trading bought out Goldman Sachs' equity interest (acquired in 2006).
  • 2011: OpCapita LLP: Merchant Equity Partners went it alone.ref
  • Mar.2006: Merchant Equity Partners LLP was created as a JV Private Equity Fund between Hilco, Cerberus and Goldman Sachs. MEP.arch, although oddly the MEP website does not mention Hilco, Cerberus or Goldman Sachs. However, CH shows "H Merchant Equity 1 LLC" as the single shareholder.
  • 2006: Hilco Receivables LLC was sold to Cerberus Capital Management LP and Goldman Sachs. Hilco Trading Company retained a stake under the name of "EAF"; Cerberus and Goldman bought stakes in Hilco Trading (cosy).
  • 2004: SD Retail Consulting was established.
  • 2003: Hilco Appraisal Services: Hilco Trading expanded into the UK.
  • 2001: Hilco Industrial LLC, Hilco Appraisal LLC, Hilco Receivables LLC, Hilco Real Estate and Hilco Merchant Resources were created to deal with ??
  •  ??.2000: Hilco Merchant Resources was created with Michael Keefe and Cory Lipoff to ??
  • 2000: Hilco Trading Company Inc was established as the holdco.
  • 1996: Hilco Real Estate LLC, a JV with ??, was launched.
  • 1987: Hilco Industrial Disposition and Appraisal Business was founded by Jeffrey Hecktman to focus on inventory appraisal & dispositions, after advising a family business in transition.
Additional Sources: About: Timeline Hilco Global. Accessed Jul.12.2019. ♦ History. Hilco Global. Accessed Jul.12.2019.