Hilco Streambank's CEO Gabe Fried began liquidating intangibles in 2000 when he was retained to dispose of his employer's intangible assets. During this initial assignment he learned several valuable lessons. First of all, the market needs intangible asset disposition expertise. Secondly, the principles of sales and marketing apply in each case but cannot be effectively executed without a deep understanding of the assets. And lastly, a highly publicized auction is not always the best disposition strategy.
Over the course of the next seven years Gabe wore virtually every hat in the distressed intangibles world, including liquidator, auctioneer, investor, buyer's broker, consultant, expert witness, and appraiser. Gabe's industry experience includes automotive, consumer durables, health care, retail, franchise, apparel and footwear, chemical, telecommunications, software, and more. Prior to founding Hilco Streambank, Gabe was a managing director at XRoads Solutions Group, consultant to CONSOR and Gordon Brothers Group, and cofounder of IP Recovery.
Gabe has a Bachelor of Arts degree (with honors) from the University of Massachusetts, Amherst and a Master of Science degree from the University of Illinois, Champaign–Urbana.
Jack brings a broad range of restructuring, business development and entrepreneurial experience to the Hilco Streambank team. Jack started his career as General Counsel of Nobody Beats the Wiz — a former major New York consumer electronics chain. He went on to practice law as part of the bankruptcy and restructuring group at Kramer Levin — a major NY law firm. Most recently Jack has served as General Counsel at Azrak Capital group and runs his own restructuring boutique, Hexagon Capital Advisors.
Throughout his career Jack has been at the forefront of dealmaking at a high level including — The Wiz's 363 sale in to Cablevision, to the sale of Casual Male in bankruptcy and Azrak Capital's sale of American Marketing Enterprises to Chinese conglomerate Li & Fung.
Jack has a B.S. Degree in finance from NYU School of Business & Public Administration (now known as Stern Business School), and a J.D. From Benjamin N. Cardozo School of Law.
David Peress most recently served as President of Hudson Capital Partners where he led the company's investment review and management processes. David has twenty years of experience working in the corporate restructuring and distressed investing industry. Until 2000, he was a partner in the bankruptcy department of Wilmington, Delaware's Young Conaway Stargatt & Taylor, LLP. He later served as Managing Director and General Counsel of The Ozer Group LLC, an asset disposition firm, and the Chief Operating Officer of Ozer's Real Estate Services Company. Just prior to joining Hudson, he led the special situations investing business for Crystal Capital, a multi-strategy private investment fund. At Crystal Capital, David structured and managed debt and equity investments in several retailers and consumer products companies including Tower Records, The Sharper Image, Polartec, Cranium, Tommy Armour Golf and Bob's Stores.
David Peress is a graduate of the University of Michigan and the University of Pittsburgh School of Law.
He is a member of the American Bankruptcy Institute, the Turnaround Management Association and the ICSC and a frequent speaker and author on issues related to corporate restructurings and distressed investing.
Hilco Streambank Hired To Sell Kid Brands Trademarks
Hilco Streambank has been retained by Kid Brands, Inc. (OTCMKTS: KIDBQ) as Kid Brands’ intellectual property consultant and sales agent in connection with the sale of certain of its brands. Kid Brands, Inc. and certain of its subsidiaries are Debtors under Chapter 11 in the U.S. Bankruptcy Court for the District of New Jersey. Kid Brands manufactures and distributes infant and juvenile consumer products under numerous well- known brands including Sassy®, CoCaLo® Kids Line® and LaJobi®.
European RIPE Region IP Addresses To Sell On IPv4Auctions.com
Hilco Streambank is pleased to announce that the auctions have begun for the next IPv4 auctions on IPv4Auctions.com, featuring the addition of IP address blocks from the European RIPE region. The auction will include a /16 block (65,536 addresses) and a /21 block (2,048 addresses) from the RIPE region as well as multiple blocks from the North American ARIN region. Registered users from North America, Europe and the Asia Pacific region are able to bid online on IPv4 Address Blocks from both the ARIN and RIPE regions.
Hilco Streambank to Sell PoshBrands LLC Assets Including PoshTots® Brand
Hilco Streambank has been retained by PoshBrands LLC to conduct a sale of assets, including its IP portfolio of trademarks, domain names, and customer list. Posh Brands, LLC operates as an e-commerce retailer of upscale furniture and interior design decorations in the United States targeting the Birth through age 12 market.
Hilco Streambank Completes Online IP Address Auction on IPv4Auctions.com
Hilco Streambank is pleased to announce the successful completion of its most recent online auction of IP addresses on IPv4Auctions.com. Registered bidders from around the world were able to place bids and watch the auctions in real-time.