Hilco Global and TPG Angelo Gordon Launch Joint Venture to Invest in Consumer IP and Brands in Partnership with Bluestar Alliance
Hilco Global and TPG Angelo Gordon have announced a new joint venture to invest in consumer brands and IP alongside Bluestar Alliance. The JV has already completed several major transactions, including: a $190 million investment in BR Brand Management's securitization for brands like Hurley, Justice, and Scotch & Soda; a co-investment with Bluestar to acquire Off-White from LVMH; and the acquisition of bebe and Brookstone brands from bebe stores (OTC: BEBE). The partnership combines Hilco's asset expertise, TPG Angelo Gordon's financial capabilities, and Bluestar's licensing experience to create a strong platform for future brand acquisitions.
Hilco Global e TPG Angelo Gordon hanno annunciato una nuova joint venture per investire in marchi di consumo e proprietà intellettuali insieme a Bluestar Alliance. La JV ha già completato diversi importanti transazioni, tra cui: un investimento di 190 milioni di dollari nella cartolarizzazione di BR Brand Management per marchi come Hurley, Justice e Scotch & Soda; un co-investimento con Bluestar per acquisire Off-White da LVMH; e l'acquisizione dei marchi bebe e Brookstone da bebe stores (OTC: BEBE). Questa partnership unisce l'expertise negli asset di Hilco, le capacità finanziarie di TPG Angelo Gordon e l'esperienza di licensing di Bluestar per creare una solida piattaforma per future acquisizioni di marchi.
Hilco Global y TPG Angelo Gordon han anunciado una nueva empresa conjunta para invertir en marcas de consumo y propiedad intelectual junto con Bluestar Alliance. La JV ya ha completado varias transacciones importantes, incluyendo: una inversión de 190 millones de dólares en la titulización de BR Brand Management para marcas como Hurley, Justice y Scotch & Soda; una coinversión con Bluestar para adquirir Off-White de LVMH; y la adquisición de las marcas bebe y Brookstone de bebe stores (OTC: BEBE). La asociación combina la experiencia en activos de Hilco, las capacidades financieras de TPG Angelo Gordon y la experiencia en licencias de Bluestar para crear una sólida plataforma para futuras adquisiciones de marcas.
힐코 글로벌와 TPG 앤젤 고든은 블루스타 얼라이언스와 함께 소비자 브랜드와 지적 재산에 투자하는 새로운 합작 회사를 발표했습니다. 이 JV는 이미 여러 주요 거래를 완료했습니다. 여기에는 Hurley, Justice 및 Scotch & Soda와 같은 브랜드를 위한 BR Brand Management의 1억 9천만 달러 투자 및 LVMH로부터 Off-White를 인수하기 위한 블루스타와의 공동 투자, 그리고 bebe stores (OTC: BEBE)로부터 bebe와 Brookstone 브랜드 인수가 포함됩니다. 이 파트너십은 Hilco의 자산 전문성, TPG 앤젤 고든의 금융 능력, 블루스타의 라이센스 경험을 결합하여 향후 브랜드 인수를 위한 강력한 플랫폼을 만듭니다.
Hilco Global et TPG Angelo Gordon ont annoncé une nouvelle coentreprise pour investir dans des marques de consommation et de propriété intellectuelle aux côtés de Bluestar Alliance. La JV a déjà complété plusieurs transactions majeures, y compris : un investissement de 190 millions de dollars dans la titrisation de BR Brand Management pour des marques comme Hurley, Justice et Scotch & Soda ; un co-investissement avec Bluestar pour acquérir Off-White de LVMH ; et l'acquisition des marques bebe et Brookstone auprès de bebe stores (OTC: BEBE). Ce partenariat combine l'expertise en actifs de Hilco, les capacités financières de TPG Angelo Gordon et l'expérience en licences de Bluestar pour créer une plateforme solide pour de futures acquisitions de marques.
Hilco Global und TPG Angelo Gordon haben ein gemeinsames Unternehmen angekündigt, um in Verbrauchermarken und geistiges Eigentum zusammen mit Bluestar Alliance zu investieren. Das JV hat bereits mehrere bedeutende Transaktionen abgeschlossen, darunter: eine 190 Millionen Dollar Investition in die Verbriefung von BR Brand Management für Marken wie Hurley, Justice und Scotch & Soda; eine Co-Investition mit Bluestar zum Erwerb von Off-White von LVMH; und die Übernahme der Marken bebe und Brookstone von bebe stores (OTC: BEBE). Die Partnerschaft vereint Hilcos Vermögenskompetenz, TPG Angelo Gordons finanzielle Fähigkeiten und Bluestars Lizenzierungserfahrung, um eine starke Plattform für zukünftige Markenerwerbungen zu schaffen.
- Formation of strategic partnership between major industry players
- $190 million investment in established consumer brands
- Acquisition of luxury streetwear brand Off-White
- Acquisition of bebe and Brookstone intellectual property assets
- None.
In connection with the launch, the JV has completed a series of inaugural transactions, including:
- An approximately
$190 million - A co-investment with Bluestar to acquire the international luxury streetwear brand, Off-White, from LVMH. Bluestar announced its initial acquisition of Off-White in September 2024.
- The acquisition of the assets and IP of the bebe and Brookstone brands from bebe stores, inc. (OTC: BEBE). Since 2018, bebe stores, inc. has owned the intellectual property assets and Bluestar has managed the bebe and Brookstone brands.
The JV will seek to continue to acquire or finance additional consumer brands and IP, alongside Bluestar.
Ralph Gindi, Co-Founder and Chief Operating Officer of Bluestar, and Joseph Gabbay, Co-Founder and Chief Executive Officer of Bluestar said, "We're thrilled that Hilco Global and TPG Angelo Gordon will be new partners in many of our brands. TPG Angelo Gordon brings significant resources and expertise investing within the consumer sector, and Hilco has an impressive track record of successfully operating and investing in brands and other consumer assets globally. We are excited to partner with these blue-chip firms and leverage our combined expertise to identify and invest in future brand deal opportunities all over the world."
Jeffrey Hecktman, Founder and CEO of Hilco Global, said, "This partnership is an exciting opportunity for Hilco, allowing us to further build on our successful legacy in the consumer brand and licensing sectors. We look forward to leveraging our extensive network and strategic relationships across the consumer-retail sector as we work with TPG Angelo Gordon and Bluestar to execute on our strategy."
As a well-known asset specialist, Hilco Global has been active in the brand and brand IP business for many years, specializing in the acquisition and repositioning of underleveraged and iconic brands, delivering strategic, operational and investment solutions to restore and reintroduce them to profitability.
Ryan Mollett, Global Head of Credit Solutions at TPG Angelo Gordon, and Jake Gladstone, Co-Head of Research within TPG Angelo Gordon's Credit Solutions business, added, "TPG Angelo Gordon has been investing in the consumer sector for many years, and we are excited to work with industry-leading partners to capitalize on attractive market opportunities in the sector. We believe combining Bluestar's licensing and operating expertise, Hilco's unique sourcing and asset capabilities, and TPG Angelo Gordon's structuring and financial expertise creates a differentiated competitor, and we are eager to grow this platform."
Weil, Gotshal & Manges LLP is serving as legal counsel to Hilco Global, Milbank LLP is serving as legal counsel to TPG Angelo Gordon, and King & Spalding and Cooley LLP are serving as legal counsel to Bluestar.
About Hilco Global
Hilco Global is a privately held diversified financial services company and the world's preeminent authority on maximizing the value of assets. Hilco delivers customized solutions to undervalued, high-potential companies to resolve complex situations and enhance long-term enterprise value. The firm delivers a unique blend of restructuring and principal investing (both equity and credit) solutions across the retail, commercial industrial, real estate, manufacturing, brand, and intellectual property sectors. For 38 years, Hilco Global has operated as a holding company comprised of more than twenty specialized business units that act as an advisor, agent, or principal in any transaction. Currently, the company has
About TPG
TPG is a leading global alternative asset management firm, founded in
About Bluestar Alliance, LLC
Founded by Joseph Gabbay and Ralph Gindi in 2006, Bluestar Alliance owns, manages, and markets, a portfolio of consumer brands that span across many points of distribution with a heavy emphasis on department store retail brands. With global retail sales over
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SOURCE Hilco Global
FAQ
What brands did Hilco and TPG Angelo Gordon's joint venture acquire from BEBE?
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