Hilco Capital

Hilco Capital exclusively targets operationally distressed situations and complex carve-outs that require immediate hands-on turnaround management post-acquisition. Most generalist PE funds lack the embedded restructuring operators and asset disposition expertise that Hilco brings. The firm underwrites deals other buyers cannot price because of operational instability, making its pipeline non-competitive with standard auction processes.

The firm sources primarily through direct corporate relationships—engaging with corporate development teams, chief restructuring officers, and sell-side advisors handling non-core divestitures. Many targets are divisions that parent companies have already decided to exit but cannot sell through conventional auctions because of deteriorating performance. Proprietary sourcing is central to the strategy.

Hilco Capital is part of the Hilco Global group, which operates worldwide in asset valuation, monetization, and advisory services. However, Hilco Capital operates with independent European investment authority from its London headquarters, making its own acquisition and portfolio decisions while accessing Hilco Global's valuation and disposition capabilities where relevant.

The firm targets established mid-market businesses with revenue generally between £20 million and £200 million, located in the UK and Western Europe. Targets include corporate carve-outs, underperforming subsidiaries, and businesses facing succession or operational distress where immediate restructuring can restore viability. Hilco does not invest in early-stage, venture, or minority positions.

Publicly available information on Hilco Capital's fund structure is limited. The firm structures its investments through direct control acquisitions, but its specific fund vehicles—whether committed capital funds or deal-by-deal co-investment structures—have not been reported in detail in the public record.