From Wikipedia, the free encyclopedia
British company that specialises in restructuring and refinancing other companies
Hilco Capital Limited.
Hilco Capital Company type
Limited Industry Investment, finance, restructuring Founded 2000 Headquarters , Area served
UK, Western Europe, Canada, Australia Services Turnaround investing, lending, restructuring services
Parent
Hilco Global Website
www .hilcocapital .com
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]
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
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
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
^
"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 & 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 & 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.