Seattle

Acquisition Opportunity

Nautricity

Hilco Streambank is seeking offers to acquire the intellectual property assets of Nautricity, an innovative tidal energy company.

DEADLINE FOR EXPRESSIONS OF INTEREST

Friday 9 October 2020 at 4pm BST

Derek Forsyth, of Azets Holdings Limited t/a Azets, as the Liquidator of Nautricity Limited (in Liquidation) (the “Company”) has appointed Hilco Streambank to actively seek interested parties with regards to the Company’s intellectual property assets.

Further details of the opportunity can be found in the sales teaser here.

Sales Process

Bids for some or all of the intellectual property assets are due Friday 9 October 2020 @ 4pm BST. Please be aware that a 10% buyer’s premium is payable by the winning bidder.

All expressions of interest and bids are to be directed to Hilco Streambank in writing. A Bid Submission Form is available on request. Please contact Hilco Streambank to gain access to further information on signing of a confidentiality agreement.

Key Terms & Conditions

The Liquidator acts as an agent of the Company and without personal liability.

The bidder acknowledges that Hilco acts as an agent for the Liquidator of the Company who offers for sale only what right, title and interest (if any) the Company possesses in the assets. Such sale will be without any warranties, expressed or implied. The information provided has not been verified by Hilco or the Liquidator and bidders are deemed to have carried out their own due diligence.

VAT, if applicable, at 20% will be added to the price. A buyer’s premium of 10% applies to this sale. A non-refundable deposit of 20% will be payable by the buyer within 48 hours of bid acceptance. Legal completion to occur within 5 business days of bid acceptance. Hilco Streambank's full Terms and Conditions apply.

Contact Us

For further information please contact the following Hilco Streambank representatives:. 

Interested Parties

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