Hilco Global issued a series of strategic recommendations to assist lenders with current portfolio exposure in the retail market to take action during the near-term fallout of the current COVID-19 pandemic.
Institutional investor La Caisse de dépôt et placement du Québec (CDPQ) acquired a minority stake in Hilco Global, an independent financial services company. Following the transaction, CDPQ will own 27% of Hilco Global.
Advisory firm Hilco Streambank acquired the assets of social network Tsu, including the TSU.co domain name, the Tsu trademark, proprietary code, software and its database of registrants. The acquisition comes in the wake of Evacuation Complete’s 2016 bankruptcy.
Sarah Baker joined Hilco Global as vice president and assistant general counsel. Baker assumed the responsibilities previously held by Ryan Lawlor, who will be transitioning into the newly created position of senior vice president at Hilco Real Estate.
U.S.-based footwear holding company StreetTrend and Italian investment firm Panda acquired a majority interest in the luxury sneaker and footwear brand P448.
Hilco Industrial and Hilco Receivables acquired the assets of the Edwards Brothers Malloy Printing Company. The deal was a joint venture between Hilco Global, The Branford Group and North East Printing Machinery.
Styles for Less retained Hilco Streambank to market and sell its intellectual property. The sale comes as a result of the company’s Chapter 11 bankruptcy.
Hilco Global Mexico, a division of Hilco Global, acquired a large portfolio of non-performing collateralized loans from one of Mexico’s largest banks.