Hilco Capital Explained

Hilco Capital Limited.
Trade Name:Hilco Capital
Type:Limited
Industry:Investment, finance, restructuring
Foundation:2000
Location City:London
Location Country:United Kingdom[1]
Area Served:UK, Western Europe, Canada, Australia
Services:Turnaround investing, lending, restructuring services
Parent:Hilco Global

Hilco Capital is a British financial investment and restructuring advisory company, operating in the UK, Western Europe, Canada and Australia.[2]

History

Hilco Capital was founded in London in 2000 as a joint venture between its management team and Hilco Global.[3] [4]

Notable projects

Hilco has been involved with these companies, and in some cases owning and operating them for a period of time:[5]

Awards

Hilco Capital was awarded Special Situations Debt Provider of the Year at the IFT Awards 2022.[14] The company also won the Turnaround of the Year Award at the Turnaround, Restructuring & Insolvency Awards (TRI) 2019.[15] It also won the Business Rescue of the Year award (£21-50m turnover) at the Insolvency & Rescue Awards 2009.[16]

Criticism

While the company was described in December 2018 by The Times as a vulture fund,[17] other media reports have described this narrative as ‘scapegoat-hunting desperation’.[18] [19]

Notes and References

  1. Web site: Hilco UK Limited Company Number 03944915 . . 2013-05-11.
  2. News: Walawalkar . Aaron . Debenhams hires restructuring firm for potential liquidation . The Guardian . 15 August 2020.
  3. News: Harrison . Nicola . Hilco sells Habitat European arm to Cafom Sa . Retail Week . 8 July 2011 . en.
  4. News: Burn-Callander . Rebecca . Now that's Gangnam style: 200-year-old pottery firm Denby becomes surprise hit in Korea . The Telegraph . 23 April 2016.
  5. Web site: Previous Projects . Hilco UK . 2013-05-11 .
  6. News: Homebase sold for £1 as DIY disaster ends for Wesfarmers . BBC News . 25 May 2018 . en.
  7. News: Harrison . Nicola . Hilco sells Habitat European arm to Cafom Sa . Retail Week . 8 July 2011 . en.
  8. News: Singh . Prachi . Hilco sells Canadian brand Tilley to Gibraltar & Company . Fashion United . 30 July 2018 . en.
  9. News: Best . Dean . Foodservice group BonCulina buys UK meals maker Anglia Crown . Just Food . 16 May 2023.
  10. News: Nazir . Sahar . Gieves & Hawkes seeks new buyer as Hong Kong owner falls into liquidation . Retail Gazette . 13 July 2022.
  11. News: Clifford Chance advises on financing for Anchorage Capital Partners' acquisition of David Jones in Australia . Clifford Chance . 3 May 2023 . en.
  12. News: Herbert . Tom . BHS folds as no buyer found . Accounting Web . 2 June 2016 . en.
  13. News: Nazir . Sahar . Further jobs at risk as Debenhams owners plan liquidation . Retail Gazette . 15 August 2020.
  14. News: IFT Announces Award Winners. www.the-ift.com.
  15. News: Hilco Capital and Moores win Turnaround of the Year Award . KBB Daily . 22 November 2019.
  16. News: Staff . Hilco: Turning Bad Money Into Good . ESM Magazine . 12 January 2011 . en.
  17. News: Vulture fund charged ailing HMV £48m.
  18. News: Kleinman . Mark . Mark Kleinman: The inquest into Wilko's demise has only just begun . CityAM . 14 September 2023.
  19. News: Accent Group to acquire Glue Store and Next Athleisure wholesale brands . Shopping Centre News . 26 April 2021 . en-AU.

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