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Hilco Capital

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

Hilco Capital Limited.
Hilco Capital
Company typeLimited
IndustryInvestment, finance, restructuring
Founded2000
Headquarters,
Area served
UK, Western Europe, Canada, Australia
ServicesTurnaround investing, lending, restructuring services
ParentHilco Global
Websitewww.hilcocapital.com

History edit

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

Notable projects edit

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

  • Denby Pottery Company (debt, restructuring and management buyout)
  • Habitat (debt and restructuring, sold to Home Retail Group & Cafom)[6]
  • HMV (purchased in 2013, sold to Sunrise Records in 2019)
  • Tilley Endurables (Canada, sold to Gibraltar & Company)[7]
  • Glue Stores (Australia, sold to Accent Group)
  • Anglia Crown (sold to BonCulina)[8]
  • Cath Kidston (sold to Next)
  • French Connection (provided funding, July 2020)
  • Gieves & Hawkes (credit facility, June 2022)[9]
  • David Jones (Australia, credit facility, May 2023)[10]
  • Superdry (funding, August 2023)
  • Peacocks (retail advisor during administration)
  • BHS (operated stores during administration)[11]
  • Debenhams (retail adviser during administration)[12]

Awards edit

Hilco Capital was awarded Special Situations Debt Provider of the Year at the IFT Awards 2022.[13] The company also won the Turnaround of the Year Award at the Turnaround, Restructuring & Insolvency Awards (TRI) 2019.[14] It also won the Business Rescue of the Year award (£21-50m turnover) at the Insolvency & Rescue Awards 2009.[15]

Criticism edit

While the company was described in December 2018 by The Times as a vulture fund,[16] other media reports have described this narrative as ‘scapegoat-hunting desperation’.[17][18]

References edit

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

hilco, capital, british, financial, investment, restructuring, advisory, company, operating, western, europe, canada, australia, limited, trade, namecompany, typelimitedindustryinvestment, finance, restructuringfounded2000headquarterslondon, united, kingdom, a. Hilco Capital is a British financial investment and restructuring advisory company operating in the UK Western Europe Canada and Australia 2 Hilco Capital Limited Trade nameHilco CapitalCompany typeLimitedIndustryInvestment finance restructuringFounded2000HeadquartersLondon United Kingdom 1 Area servedUK Western Europe Canada AustraliaServicesTurnaround investing lending restructuring servicesParentHilco GlobalWebsitewww wbr hilcocapital wbr com Contents 1 History 2 Notable projects 3 Awards 4 Criticism 5 ReferencesHistory editHilco Capital was founded in London in 2000 as a joint venture between its management team and Hilco Global 3 4 Notable projects editHilco has been involved with these companies and in some cases owning and operating them for a period of time 5 Denby Pottery Company debt restructuring and management buyout Habitat debt and restructuring sold to Home Retail Group amp Cafom 6 HMV purchased in 2013 sold to Sunrise Records in 2019 Tilley Endurables Canada sold to Gibraltar amp Company 7 Glue Stores Australia sold to Accent Group Anglia Crown sold to BonCulina 8 Cath Kidston sold to Next French Connection provided funding July 2020 Gieves amp Hawkes credit facility June 2022 9 David Jones Australia credit facility May 2023 10 Superdry funding August 2023 Peacocks retail advisor during administration BHS operated stores during administration 11 Debenhams retail adviser during administration 12 Awards editHilco Capital was awarded Special Situations Debt Provider of the Year at the IFT Awards 2022 13 The company also won the Turnaround of the Year Award at the Turnaround Restructuring amp Insolvency Awards TRI 2019 14 It also won the Business Rescue of the Year award 21 50m turnover at the Insolvency amp Rescue Awards 2009 15 Criticism editWhile the company was described in December 2018 by The Times as a vulture fund 16 other media reports have described this narrative as scapegoat hunting desperation 17 18 References edit Hilco UK Limited Company Number 03944915 Companies House Retrieved 11 May 2013 Walawalkar Aaron 15 August 2020 Debenhams hires restructuring firm for potential liquidation The Guardian Harrison Nicola 8 July 2011 Hilco sells Habitat European arm to Cafom Sa Retail Week Burn Callander Rebecca 23 April 2016 Now that s Gangnam style 200 year old pottery firm Denby becomes surprise hit in Korea The Telegraph Previous Projects PDF Hilco UK Retrieved 11 May 2013 permanent dead link Harrison Nicola 8 July 2011 Hilco sells Habitat European arm to Cafom Sa Retail Week Singh Prachi 30 July 2018 Hilco sells Canadian brand Tilley to Gibraltar amp Company Fashion United Best Dean 16 May 2023 Foodservice group BonCulina buys UK meals maker Anglia Crown Just Food Nazir Sahar 13 July 2022 Gieves amp Hawkes seeks new buyer as Hong Kong owner falls into liquidation Retail Gazette Clifford Chance advises on financing for Anchorage Capital Partners acquisition of David Jones in Australia Clifford Chance 3 May 2023 Herbert Tom 2 June 2016 BHS folds as no buyer found Accounting Web Nazir Sahar 15 August 2020 Further jobs at risk as Debenhams owners plan liquidation Retail Gazette IFT Announces Award Winners www the ift com Hilco Capital and Moores win Turnaround of the Year Award KBB Daily 22 November 2019 Staff 12 January 2011 Hilco Turning Bad Money Into Good ESM Magazine Vulture fund charged ailing HMV 48m Kleinman Mark 14 September 2023 Mark Kleinman The inquest into Wilko s demise has only just begun CityAM Accent Group to acquire Glue Store and Next Athleisure wholesale brands Shopping Centre News 26 April 2021 Retrieved from https en wikipedia org w index php title Hilco Capital amp oldid 1214742512, wikipedia, wiki, book, books, library,

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