May 31, 2006 HILCO LAUNCHES NEW RETAIL ACQUISITIONS UNIT IN NORTH AMERICA
January 26, 2006 THE ASSET DISAGGREGATION STRATEGY: A METHOD TO FACILITATE MERGERS AND ACQUISITIONS
This article appeared in the January 2006 edition of Mergers & Acquisitions Magazine. Utilization of the Asset Disaggregation Strategy to remove troublesome assets involves a structured sale of the assets to a third party, typically at the time the transaction closes or immediately thereafter. The third party then takes control of the assets and monetizes them through various means, including a resale. Buyers and sellers find the strategy attractive because they recognize the benefits of conveying the work and risk to others.
December 8, 2005 HILCO REAL ESTATE ENGINEERS SUCCESSFUL SALE OF DURANGO-GEORGIA PAPER COMPANY ASSETSHilco Real Estate and Bridge Associates Net Six-Fold Increase In Realization On Assets in Durango Georgia Paper Company Bankruptcy Estate Auction Distressed Paper Mill Property to be Transformed into Multi-Use Real Estate Development.
October 21, 2005 GERMAN PROPERTY DEAL OF THE YEAR - KARSTADT / HILCO / DAWNAY DAYAugust 23, 2005 HILCO & DAWNAY, DAY GROUP COMPLETE THE ACQUISITION OF 74 DEPARTMENT STORES IN GERMANY FROM KARSTADTQUELLE AG
June 1, 2004 JEFF LINSTROM QUOTED BY ASSOCIATED PRESS Click here to download full text.January 15, 2004 ABLS & HILCO: FASHIONING NEW STRATEGIC RELATIONSHIP
Reproduced with permission from ABF Journal, January 2004 issue. In partnering with Hilco, many asset-based lenders see far more than an asset disposition company. As illustrated in the in the CIT/Hilco deals with Cybex and Conbraco, they see a strategic partner with asset knowledge that can be applied in numerous ways to a singular end result: putting the deal together and getting it done.
November 21, 2003 HILCO MERCHANT RESOURCES IS SELECTED TO DIRECT KIDS "R" US LIQUIDATION
Hilco Merchant Resources today announced it has been selected to provide store-closing services to Kids “R” Us and Imaginarium freestanding stores. The services Hilco Merchant Resources will provide include store closing events and inventory liquidation.
November 20, 2003 ANOTHER PARTNER FOR RETAIL RESTUCTURING SPECIALISTS, HILCO
September 15, 2003 TRANS WORLD ENTERTAINMENT ANNOUNCES THE ASSET ACQUISITION OF WHEREHOUSE ENTERTAINMENT, INC.
Trans World Entertainment Corporation, a leading retailer of entertainment products, today announced that it has reached agreement in principal to acquire substantially all of the assets of Wherehouse Entertainment, Inc. Wherehouse, currently operating in Chapter 11 bankruptcy, is a specialty music retailer, which owns and operates 148 stores located primarily in the western United States. Upon completion of the sale, Trans World expects to retain 113 of the Wherehouse's best performing stores. The remaining 35 stores will be liquidated by a joint venture led by Hilco Merchant Resources, LLC. The transaction represents total consideration of $41 million in cash and assumed liabilities. The transaction is subject to the approval of the U.S. Bankruptcy Court for the District of Delaware and is expected to close in early October 2003.
September 15, 2003 HILCO ACQUIRES TRIDENT AND CIRO CITTERIO
August 28, 2003 HILCO APPRAISAL SERVICES OPENS NEW U.K. OFFICES
Hilco Appraisal Services is pleased to announce, effective 16 May 2003, the opening of new, full-service offices in the United Kingdom to serve all of Europe. Office locations include London and Southampton.
June 3, 2003 CORPORATE TURNAROUND EXPERT ARNOLD H. DRATT JOINS HILCO AS EVP
Jeffrey B. Hecktman, Chairman and CEO of Hilco Trading Co., Inc., announced today that Arnold H. Dratt has joined The Hilco Organization as Executive Vice President. Mr. Dratt, 58, was a principal with noted business turnaround consulting firm, The Dratt-Campbell Company. He will take a leadership role in business development, deal structuring and service delivery efforts, particularly as they relate to Hilco’s engagements with turnaround and restructuring firms and their clients.
February 3, 2003 HILCO APPRAISAL SERVICES OPENS OAKLAND CALIFORNIA OFFICE
Hilco Appraisal Services, LLC, a leader in business asset appraisals, announces the opening of its new west coast office in Oakland, California. The new Hilco office is located at 1440 Broadway, Suite 906.
August 22, 2002 RETAIL MARKETING EXECUTIVE, LEONARD BERLINER, JOINS
Len Berliner, has joined Hilco Merchant Resources, America’s leading retail inventory strategist, purchaser of retail businesses, inventories and excess stores. Mr. Berliner, as Senior Vice President of Marketing and Advertising will assume responsibility for all media planning, production and purchasing in addition to the marketing initiatives of Hilco Merchant Resources.
September 10, 2001 HOMELIFE SELL-OFF TARGET: $100 MILLION. CRAIN'S CHICAGO BUSINESS
Distressed property expert Hilco Real Estate LLC hopes to raise as much as $100 million for creditors of retailer HOMELIFE Corp., which is liquidating in Bankruptcy Court.
January 22, 2001 SCIENCE AND ART OF THE CLOSEOUT. CRAIN'S CHICAGO BUSINESS
Call it a boom for the merchants of doom. It's shaping up to be a banner year for retail liquidators, as several major retail chains go out of business while others look to close stores now that the economy is cooling.