 | |
| 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 |
Hilco Capital is a British financial investment and restructuring advisory company, operating in the UK, Western Europe, Canada and Australia. [2]
Hilco Capital was founded in London in 2000 as a joint venture between its management team and Hilco Global. [3] [4]
Hilco has been involved with these companies, and in some cases owning and operating them for a period of time: [5]
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]
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]
Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland, and is still operating as a franchise in seven Middle East countries. It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish department store chain Magasin du Nord. In its final years, its headquarters were within the premises of its flagship store in Oxford Street, London. The range of goods sold included middle-to-high-end clothing, beauty, household items, and furniture.
Xtra-vision was a video, film and music retailer that operated across the island of Ireland. Founded in 1979, it had 200 stores at its peak before running into financial difficulties, changing ownership a number of times, and ultimately closing in 2021.
British Home Stores, commonly abbreviated to BHS and latterly legally styled BHS Ltd, was a British department store chain, primarily selling clothing and household items. In its later years, the company began to expand into furniture, electronics, entertainment, convenience groceries and fragrance and beauty products.
HMV is a music and entertainment retailer, founded in the United Kingdom in 1921. As of February 2024, it is currently operating in the United Kingdom, Ireland, Japan and Belgium, as well as having concessions at Toys "R" Us locations in Canada.
In accounting, insolvency is the state of being unable to pay the debts, by a person or company (debtor), at maturity; those in a state of insolvency are said to be insolvent. There are two forms: cash-flow insolvency and balance-sheet insolvency.
HHGL Limited, trading as Homebase, is a British home improvement retailer and garden centre with stores across the United Kingdom and Ireland. Founded by Sainsbury's and GB-Inno-BM in 1979, the company was owned by Home Retail Group from October 2006, until it was sold to the Australian conglomerate Wesfarmers in January 2016.
Habitat is a brand of household furnishings in the United Kingdom and the main homewares brand within the Sainsbury's group.
Intu Properties plc was a British real estate investment trust (REIT), largely focused on shopping centre management and development. Originally named Liberty International plc, it changed its name in May 2010 to Capital Shopping Centres Group plc after demerging its Capital & Counties Properties business unit to form an independent business. The company adopted the Intu name on 18 February 2013, and this was followed by the rebranding of most of its shopping centres under the Intu title from May 2013.
Arcadia Group Ltd was a British multinational retailing company headquartered in London, England. It was best known for being the previous parent company of British Home Stores (BHS), Burton, Dorothy Perkins, Debenhams, Evans, Miss Selfridge, Topman, Topshop, Wallis and Warehouse. At its peak, the group had more than 2,500 outlets in the UK and concessions in UK department stores and several hundred franchises operated internationally.
Carpetright Limited is one of the largest British retailers of floor coverings and beds. The company is owned by Nestware.
Gieves & Hawkes is a bespoke men's tailor and menswear retailer located at 1 Savile Row in London, England. The business was founded in 1771. It was acquired in 2012 by the Hong Kong conglomerate Trinity Ltd., which was in turn purchased by Shandong Ruyi in 2017. After Trinity was subject to a winding-up petition for debt in September 2021, Gieves & Hawkes was acquired in November 2022 by Frasers Group, owner of Sports Direct.
Frasers Group plc is a British retail, sport and intellectual property group, named after its ownership of the department store chain House of Fraser.
Debtor-in-possession financing or DIP financing is a special form of financing provided for companies in financial distress, typically during restructuring under corporate bankruptcy law. Usually, this debt is considered senior to all other debt, equity, and any other securities issued by a company — violating any absolute priority rule by placing the new financing ahead of a company's existing debts for payment.
Gordon Brothers Group is a liquidation and restructuring firm that was founded in 1903 by Jacob Gordon. Its headquarters are in Boston, Massachusetts, United States.
Fareham Shopping Centre is at the heart of the centre of the medium-sized Hampshire town of Fareham. Built in two phases between 1975 and 1981, the centre contains many well known retailers and is quite large for a town of its size. The shopping centre is part of a wider scheme of buildings in the town centre that were constructed around the same time.
MK One was a British fashion retailer.
Dominic Joseph Andrew Chappell is a failed British businessman who has been declared bankrupt on three occasions and was convicted for tax evasion. In 2015, his company, Retail Acquisitions Ltd, purchased the now collapsed retail chain British Home Stores from Philip Green for just £1 GBP together with a £10,000,000 equity injection into BHS Group Ltd. 13 months later the company was placed into administration resulting in the closure of 164 stores and the loss of 11,000 jobs.
HMV Canada Ltd. is a Canadian entertainment retailer, owned by Doug Putman under Toys "R" Us Canada. The company was originally a subsidiary of HMV in the United Kingdom until it was sold to Hilco Capital in 2011. HMV itself would later be bought by Hilco in 2013. HMV Canada's head office was located in Etobicoke. The retailer ceased operations in Spring 2017 and returned in February 2024.
Hilco Global is a multinational financial services holding company. It operates over twenty businesses in five continents and specializes in asset valuation, advisory, monetization capital, and disposition services. Headquartered in Northbrook, Illinois, it has offices throughout the world and provides services to companies, their lenders and professional services advisers across a broad spectrum of business categories including retail, commercial, industrial and financial. Hilco Global delivers services focused on maximizing the value of under-performing and excess retail, consumer products and industrial inventory, real estate, intellectual property, including consumer brands, patents, and accounts receivable. Hilco Global is also considered one of the largest distressed investment and advisory companies in the world.
Greybull Capital LLP is a private investment company that specialises in medium- to long-term investments in UK-based companies. It was incorporated as a limited liability partnership in April 2010. In the aftermath of the financial crisis of 2007–2008, Greybull's strategy was to buy distressed firms and return them to success.