Mark Wahlberg became a strategic investor in StreetTrend, a footwear and apparel company, which includes the P448 sneaker brand, having taken a significant minority financial stake in the business.
Hilco Global appointed Dan Arnold to the role of senior managing director of enterprise valuation services. Arnold will focus on building the enterprise valuation services practice, including originating new business in the core business valuation segment.
Long-time Bank of America executive Betsy Ratto will join the Hilco Global team as senior vice president of capital solutions with responsibility to drive business for ReStore Capital and Hilco Corporate Finance.
The Secured Finance Network (SFNet) added to its executive and management committees for fiscal year 2022. These leaders guide the association, make policy decisions, confirm new members and provide thought leadership in advocacy and education.
Jesse Glossinger joined Hilco Performance Solutions as director on its advisory team. Glossinger, a 15-year veteran of the Ford Motor Company, will be based in Madison Heights, MI, and work out of Hilco Global’s offices in Detroit.
Hilco Terracota, a subsidiary of Hilco Global and Hilco Global Mexico, was appointed as the primary servicer of one of the major payroll loan companies in Mexico and Colombia. The company has recently filed for Chapter 11 bankruptcy in the U.S. and Mexico and is undergoing a major restructuring process.
Hilco Global hired former Bank of America senior executive C. John Mostofi as executive vice president of capital solutions. The announcement comes at a time of rapid growth at the global financial services firm based in Northbrook, IL.
Hilco Global, a privately held financial services company delivering valuation, monetization, advisory and capital solutions, entered into a definitive agreement to acquire New York-based Getzler Henrich & Associates.
Geoffrey Frankel joined Hilco Corporate Finance as CEO. Frankel has 30 years of experience advising middle-market clients on M&A transactions, financings, restructurings and litigation support services.
Hilco Global’s commercial industrial team acquired all of the assets of Sutton Leasing, a fleet leasing company based in Sterling Heights, MI, in a multi-million-dollar transaction that closed on May 7. Hilco Commercial Industrial aligned with Wells Fargo to close the transaction.