Intellectual Property Disposition Success Stories
The Hilco Streambank sales success stories include delivering results for stakeholders in both healthy and distressed situations, as well as other outside consulting firms. We've worked for management teams, debtor's counsel, secured and unsecured creditors, plaintiffs and defense attorneys, lenders, liquidators, turnaround consultants, and many others.
Hilco was retained by the bank agent to value Borders’ IP assets to support a junior tranche with a first lien on the IP. Hilco provided an OLV range of $10-$14 million based on a liquidation scenario that included an operating e-commerce site at the time of sale. Subsequently, Hilco was engaged to dispose of the Border’s IP, including its global trademarks, e-commerce site, customer database, and IP addresses. Hilco generated aggregate recoveries in excess of $17 million.
Tavern on the Green
Hilco was retained by the Chapter 7 Trustee, whose only IP asset was the right to appeal an adverse court ruling that had stripped the estate of its trademark. Without funds to pursue an appeal, and with a secured lender looking for recovery, the Trustee asked Hilco to negotiate a settlement and sell the recovered assets. We promptly concluded a deal with the City of New York and converted the settlement into a $1.3 million asset sale.
Circuit City DiVX Patents
The Circuit City Liquidating Trust retained Hilco to sell a portfolio of patents held by DiVX, a dormant Circuit City subsidiary. Hilco marketed the assets to companies with direct and tangential business lines as well as a large network of patent litigation attorneys. The final sale price exceeded $6 million.
Following liquidation of this furniture manufacturer’s inventory, machinery, and equipment, Hilco was retained to sell its IP assets, including the Berkline and BenchCraft brands. Hilco generated interest from Asia-based buyers and eventually sold the assets to Ashley Furniture for over $6 million.
Collins & Aikman/C&A Post Consummation Trust
Following the bankruptcy of this $4 billion Tier 1 supplier of interior plastics and soft trim components, remnant assets were transferred to the C&A Post Consummation Trust, including approximately 1,100 patents covering the lifecycle of C&A’s legacy plastics business. Hilco provided an OLV of $4.5 million and was subsequently retained to handle the portfolio disposition. Within eighteen months, Hilco achieved a $4.6 million recovery, including the collection of past due royalties from a Korean joint venture partner.
Intangible Assets Monetization
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