Hilco Global

In the latest episode of Bloomberg’s podcast, Jamie Sprayregen, Vice Chairman at Hilco Global, delves into the complexities and challenges of the restructuring landscape and distressed debt. Jamie shares insights from his extensive career, including his pivotal role in significant Chapter 11 cases such as Zenith Electronics and United Airlines. He discusses how economic downturns, like the 2008 financial crisis and the COVID-19 recession, have shaped the bankruptcy law practice, and concludes with discussing the latest developments in bankruptcy courts and distressed situations.

Listen here: https://www.bloomberg.com/news/audio/2024-08-08/jamie-sprayregen-on-the-restructuring-landscape-state-of-distressed-debt

Hilco Merchant Resources, in a joint venture with Gordon Brothers, will manage liquidation sales at select Eastern Mountain Sports (EMS) locations and inventory blowout events at other EMS locations. As part of the Chapter 11 restructuring petition filed on June 18, 2024, the team will assist with a smooth transition while maximizing the value of existing inventory.

EMS, a cornerstone of the outdoor retail industry, recently announced that Mountain Warehouse, a global leader in outdoor gear and apparel, has emerged as the stalking horse bidder in its acquisition process. Mountain Warehouse seeks to continue operating seven stores under the Eastern Mountain Sports name.

Read more here: https://hilcoglobal.com/news/eastern-mountain-sports-welcomes-mountain-warehouse-as-stalking-horse-bidder/

Hilco Real Estate (HRE) is announcing the significant expansion of its Real Estate receivership practice. The arrival of Matthew Mason, Esq. CCIM as Senior Vice President marks a pivotal moment in this expansion, promising exciting growth and enhanced capabilities for HRE.

“We are thrilled to welcome Matt to the Receivership group at HRE,” said Neil Aaronson, Chief Executive Officer at Hilco Real Estate. Aaronson continued, “With Matt’s extensive industry expertise and proven track record, we are confident that he and his team will offer a tremendous resource to our clients, securing, maintaining and right-sizing operations for individual real estate assets and portfolios.”

Matt Mason brings 24 years of experience in real estate and fiduciary services and joins HRE at a time of promising growth. His background includes assisting institutional clients, lenders, and private investors with distressed real estate and serving as a court-appointed Receiver for over 200 retail, office, multifamily, industrial, hotel, and mixed-use projects.

Read more here: https://hilcoglobal.com/news/hilco-real-estate-announces-major-expansion-in-receivership-services/

As a proud sponsor of Sunrise Day Camp-Chicago, Hilco Global is thrilled to continue supporting the incredible work they do to bring back the joys of childhood to children with cancer and their siblings worldwide through activities like arts and crafts, music, sports, swimming, dance, S.T.E.A.M. (science, technology, engineering, arts, and mathematics) and much more.

This past week, our team of summer interns from Youth Guidance and All Stars Project, Inc. had the opportunity to visit the day camp and witness the profound impact and smiles first hand.

Learn more about Hilco Helps and the support we provide to the communities in which we work: https://hilcoglobal.com/hilco-helps/

Hilco Consumer-Retail (HCR) is proud to announce the acquisition of operations for Hanes Outlet and Maidenform stores was completed on July 27, 2024. This strategic move aims to leverage HCR’s revolutionary RevUp program, which combines a state-of-the-art Virtual Store Management platform with retail experts.

RevUp will enable them to achieve unparalleled brick and mortar performance by focusing on their store teams’ and their customers’ in-store experience. Their customers should continue to expect great brands and great products at great values and should also expect a new in-store experience rolled out over the coming weeks!

Read more here: https://hilcoglobal.com/news/hilco-consumer-retail-acquires-hanes-brick-and-mortar-store-operations-as-part-of-strategic-growth-plan/

Hilco Real Estate (HRE) is proud to announce that Dan O'Brien, Executive Vice President and Partner, has been named one of Crain’s Chicago Business 2024 Notable Commercial Real Estate Leaders. This honor recognizes individuals who have demonstrated exceptional leadership, innovation and commitment to excellence in the commercial real estate industry.

Dan recently led the Hilco team in their large-scale restructuring of approximately 500 leases across 20 countries for WeWork, as part of one of the most significant real estate bankruptcy cases in history, helping the client improve annual profitability by more than $800M, and diminishing future liabilities by more than $10B.

Dan has been with Hilco Real Estate since 2008 and provides clients with nearly 25 years of experience in the commercial real estate sector. He focuses on broad market analysis to then develop strategies to hone tactical planning, assess asset optimization, and maximize brick & mortar positioning within varying marketplaces.

Read more here: https://hilcoglobal.com/news/hilco-real-estates-daniel-obrien-named-to-crains-chicago-business-2024-notable-commercial-real-estate-leaders/

IPv4.Global (a Hilco Global company), the world's largest, most-trusted and transparent IPv4 marketplace, today announced it has been recognized with a Silver Merit Award in the 2024 Business Awards. IPv4.Global was recognized in the Private Company category.

The Merit Awards for Business is an independent awards program that recognizes global industries and the market they serve. The 2024 Business Awards were judged based on submissions that addressed leadership, best places to work, corporate excellence, emerging business and privately or publicly held companies.

Read more here: https://hilcoglobal.com/news/ipv4-global-wins-silver-merit-award-in-the-2024-business-awards/

Jim Glickman currently serves as Chief Operations Officer at Hilco Global Advisors. Prior to joining Hilco, Jim worked at GE Capital for 10 years in various senior roles, including strategic marketing, customer innovation and remarketing. His other previous employers include CSC Index and LaSalle National Bank, where he was a commercial loan officer.

Jim is a six-sigma master black belt and has substantial experience in developing quality assurance and process enhancement programs. He holds a BA degree from the University of Wisconsin.

Shift Technologies Inc. recently navigated the complexities of Chapter 11, showcasing a remarkable approach to salvaging technology and digital assets. Thanks to the expertise of Hilco Streambank, they were able to efficiently identify, value, and monetize key digital assets, including domain names and technology patents. This case study highlights the critical role of strategic asset management in preserving value during restructuring.

Read here: https://hilcoglobal.com/perspective/shift-technologies-inc-salvaging-technology-digital-assets-in-chapter-11-a-case-study-by-hilco-streambank/

In recognition of both its comprehensive advanced technology services and the depth of knowledge and expertise of Managing Director Mike Osment, Getzler Henrich & Associates (a Hilco Global Company) has formalized its Analytics, Artificial Intelligence, and Advanced Technologies Services and named Mike Osment its Practice Leader.
In making the announcement, Joel Getzler, Co-Chairman said, “We have long provided comprehensive advanced technology services to all our clients. The formalization of the Analytics, Artificial Intelligence, and Advanced Technologies Services Practice with our highly experienced and knowledgeable Managing Director Mike Osment as our Practice Leader solidifies this work into a dedicated practice.”
Read more here: https://hilcoglobal.com/news/getzler-henrich-formalizes-analytics-artificial-intelligence-and-advanced-technologies-services-and-names-michael-osment-practice-leader/

As care homes recover from a challenging period, an increasing number of operators are looking for financing to support expansion and enhancements. Nevertheless, many are finding it difficult to secure the necessary funding, as numerous lenders have withdrawn from what they consider a non-essential sector.

Max Lewis, Chief Investment Officer & Co-founder at Hilco Real Estate Finance, shares how bridge lending is helping support care homeowners in the summer edition of NACFB's Commercial Broker.

Read the full issue here: https://issuu.com/nacfb/docs/nacfb_-_commercial_broker_magazine_-_june_july_2/40?fr=sYzA4Yjc1OTU5NTU

In May 2024, Anchor Brewing Company sold substantially all assets to Hamdi Ulukaya, the Founder, Owner, Chairman and Chief Executive Officer of Chobani LLC. Hilco Corporate Finance acted as Anchor’s investment banker, running a broad marketing process to maximize the value of the historic brewery.

Read more here: https://hilcoglobal.com/case-studies/anchor-brewing-company/

We are pleased to announce the appointment of Ian Fredericks as the new Chief Executive Office of Hilco Consumer – Retail. Ian will oversee Hilco Merchant Resources, Hilco Wholesale Solutions, Restore Capital, Hilco Fixed Asset Recovery, and Restore4Retail. He succeeds Benjamin Nortman, who will now focus exclusively on his new role as Co-Chief Commercial Officer, a position announced earlier this year.

Ian, who previously held the positions of President and COO, has been instrumental, alongside Benjamin, Michale Keefe, Chairman, and other leaders across the organization, in maintaining and enhancing Hilco Global's reputation as a leading retail expert.

"Ian Fredericks is one of our most impressive and enthusiastic leaders and his extensive experience and dedication have been pivotal in driving our Consumer - Retail platform forward," said Jeff Hecktman, CEO and Founder of Hilco Global.

Read more here: https://hilcoglobal.com/news/hilco-global-announces-ian-fredericks-as-new-ceo-of-hilco-consumer-retail/

Bob’s Stores Announces Going-Out-of-Business Sale Across All Locations!

Hilco Merchant Resources in a joint venture with Gordon Brothers will manage the liquidation event, that will include all Bob’s stores throughout Connecticut, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island, offering unprecedented discounts on a wide range of workwear, footwear, team wear and everyday clothing for the whole family.

Shoppers will find significantly reduced prices on leading national brands across the stores. Select store fixtures, furniture, and equipment will also be available for sale.

More information: https://hilcoglobal.com/news/bobs-stores-announces-going-out-of-business-sale-across-all-locations-sale-event-being-managed-by-hilco-merchant-resources-and-gordon-brothers/

Congratulations to Thomas Boniface, Senior Vice President at Hilco Commercial Industrial for being announced as a Secured Finance Network 40 Under 40 Award Winner!

SFNet's 40 Under 40 Awards celebrate the achievements of young professionals in the secured finance industry—the movers and shakers who exemplify true excellence in their careers and who also contribute to their communities and the industry as a whole. SFNet’s 40 Under 40 winners are the future of the secured finance community.

This year's 40 Under 40 Awards Gala will be held June 13 at the iconic Plaza Hotel in NYC.

Ramy Aly, CPA joined Getzler Henrich & Associates in 2019, a firm that became part of the Hilco Global family in 2021. Currently serving as Director, Ramy is a seasoned professional with involvement in over 100 client engagements across various industries. His roles have spanned in restructuring, performance improvement, crisis management, and critical interim positions.

In his spare time, Ramy enjoys spending time with his sons, watching the Premier League on weekends, and engaging in outdoor activities.

Mina Karimi joined Hilco Streambank in 2022 and currently serves as a Transfer Analyst. She leverages her expertise in IPv4 addresses and ASNs to provide a smooth experience for her clients staying up to date on industry trends and regulatory policies. Mina also manages the inventory management processes, ensuring efficient and effective handling of client assets.

Outside of work, Mina enjoys having tea with friends and traveling.

Mark Podgainy, CTP, is a Managing Director at Getzler Henrich & Associates, and a resident in New York, where he leads the real estate & hospitality and education industry practices. He has more than 25 years of experience in operational roles and turnaround consulting, providing operations restructuring, business plan analysis, performance improvement, bankruptcy consulting, interim management and workout services. He also works with law firms on litigation support assignments in a restructuring context.

Mark is a board member of the NYC chapter of the Turnaround Management Association, Neighborhood Housing Services of New York City, and 520 West 19th Street Condo Association. He is a member of the American Bankruptcy Institute and the Cornell Hotel Society (CHS), and frequently authors articles on a variety of topics for industry trade publications.

Outside of work Mark enjoys training for and racing in short course triathlons, spending time with his family, and visiting National Parks.

Eric Kaup, Executive Vice President, Co-Chief Commercial Officer & Special Counsel at Hilco Global will be speaking on the featured panel at the upcoming Thompson Hine event on June 5th, 2024 at 4:00 PM in Chicago, IL.

The panel, "Distressed Dealmaking: Uncovering Opportunities in Today's Market," will discuss how volatile capital markets and fast-moving economic developments present unique opportunities for slow-thinking, fast-acting investors. Understanding risks and recognizing market incongruities creates effective market strategies. Developing and executing a winning strategy in uncertain environments is the final piece of successful investment analysis, reserved for the discerning investor.

Eric and the other panelists will facilitate an interactive discussion on recognizing and capitalizing on these opportunities.

Learn more here: https://www.thompsonhine.com/insights/distressed-dealmaking-uncovering-opportunities-in-todays-market/

In today's rapidly changing Mexican market, effective turnaround management is crucial for business success. From developing clear strategies and fostering strong leadership to embracing flexibility and innovation, the insights provided in this latest Smarter Perspective are invaluable for companies navigating the unique challenges in Mexico.

Read here: https://hilcoglobal.com/perspective/best-practices-for-turnaround-management-in-the-mexico-market/

Despite a challenging start to 2024 with low January sales and high interest rates, the automotive industry shows signs of resilience with a 5.6% sales increase in Q1. Dealers face pressure from high-interest rates and inventory challenges, but manufacturers are adapting with increased incentives and strategic fleet sales. The Federal Reserve's potential rate cuts and the industry's production adjustments could further stabilize the market. Economists await more positive signals to boost their forecasts for the year.

Read the full analysis here: https://hilcoglobal.com/perspective/looking-for-a-few-more-positive-signs/

PT Muldoon, Managing Director at Hilco Performance Solutions, has been announced as one of the executive committee members of MEMA. The Vehicle Suppliers Association Council of Remanufacturing Excellence (CoRE). The newly formed executive committee is poised to steer CoRE towards new heights of success.

The Council of Remanufacturing Excellence (CoRE) offers a member-driven platform for advancing the field of remanufacturing. They advance by focusing on knowledge-sharing and collaboration among members. CoRE is aligned with the principles of sustainability and circular economy practices and is aimed to highlight the benefits of remanufacturing. They will enhance member engagement by providing more opportunities to make tangible impacts on the remanufacturing industry.

Learn more here: https://www.mema.org/news/mema-aftermarket-suppliers-launches-council-remanufacturing-excellence-core

Discover the critical strategies for effective asset disposition in the European steel and non-ferrous sectors in this insightful article. As plant operators navigate through challenging times, the need for optimized asset management becomes paramount. Learn how industry leaders are leveraging innovative approaches to unlock value and streamline operations.

Read here in the latest Smarter Perspective: https://hilcoglobal.com/perspective/effective-asset-disposition-remains-a-critical-need-for-stressed-european-steel-non-ferrous-plant-operators/

Much of what is ailing many businesses at the current time directly relates to interest rate levels, the cost of capital, and the difficulty of refinancing. This article is a topline look at these and other factors contributing to distress among companies across a range of industries, with a focus on what it means for those interested in the disposition or acquisition of related assets.

Read now: https://hilcoglobal.com/perspective/distressed-business-investment-insights-amid-a-volatile-2024/

Joel Schneider, Senior Vice President at Hilco Real Estate, was a moderator for the panel, "Urban Renewal: The Future of Cities in a Post-COVID World," at the 2024 Mid-America Regional Conference last month.

This panel discussed how cities can foster growth & strengthen business prospects post-pandemic.

To connect with Joel, please email him at [email protected]

Ian Fredericks, President & COO, and Dominick Keefe, Vice President at Hilco Consumer - Retail, have had their most recent article, "How to Build Frontline Worker Trust, Loyalty" featured in WWD.

An odd and very unfortunate thing has happened on the way to evolving the retail world over the past decade. Alongside the orchestrated rise of ecommerce and the unforeseen arrival of COVID, stores and the brick and mortar shopping experience have become a secondary thought. And by association, store employees have too.

Read here: https://hilcoglobal.com/perspective/how-to-make-the-boring-retail-micro-fulfillment-era-more-rewarding-for-your-frontline-employees/

When managing assets in Mexico, companies must navigate a unique and dynamic environment to ensure effective asset valuation and monetization. The complexities of nearshoring in sectors like automotive, electronics, and aerospace necessitate tailored strategies that align with local market conditions and legal intricacies.

Regular, precise valuations are critical for adapting to rapid economic shifts and maximizing the strategic use of assets.

Read more here: https://hilcoglobal.com/perspective/the-intricacies-of-effective-asset-management-in-mexico/

Bert Weil joined Getzler Henrich & Associates in 2012, which joined the Hilco Global family in 2021. Getzler Henrich & Associates has been in growth mode ever since.

Bert currently serves as Managing Director and is an experienced professional with more than 25 years of experience as a performance improvement and restructuring professional, crisis manager, and senior-level interim executive (Chief Restructuring Officer/CEO/CFO).

Being able to draw on the knowledge and capabilities of other Hilco Global and Getzler Henrich & Associates team members has been a spectacular enhancement to his ability to do his job.

Daniel O'Brien, Executive Vice President and Partner at Hilco Real Estate is the latest author to be featured in Retail Rx - the digital content microsite that presents news and insights to help executive leaders make better-informed business decisions. In the article “Post-Pandemic Market: Winners and Losers in Commercial Real Estate,” Dan breaks down the state of retail and commercial real estate.

Read now: https://fairchild.storied.co/retail-rx/retail-pov-story-6

The aftermarket replacement parts industry has shown remarkable resilience, proving its counter-cyclical nature amidst economic fluctuations. Despite a turbulent period for new light-duty vehicle sales, which faced sharp declines due to the pandemic, the replacement parts market has remained stable.

The Hilco Parts Index (HPI) highlights that even with a 15% drop in vehicle sales in 2020, the demand for replacement parts dipped by less than 1%. This industry not only demonstrates robustness but also presents opportunities for growth during economic downturns.

Learn more about how this sector continues to thrive: https://hilcoglobal.com/perspective/aftermarket-replacement-parts-a-counter-cyclical-industry/