NORTHBROOK, Ill.--(BUSINESS WIRE)--Hilco Trading, LLC, is pleased to announce the appointment of Joseph A. Malfitano as Executive Vice President, Special Situations. Mr. Malfitano has served as Deputy General Counsel for Hilco Trading. He joined the company in July, 2007.
In his role as EVP, Special Situations, Mr. Malfitano will source and structure distressed and non-distressed transactions that involve the investment of capital by Hilco. While the majority of transactions are underpinned by either retail inventory, industrial machinery and equipment or real estate, or combinations thereof, Joe will also take an active role in transactions that touch upon other asset classes, such as intellectual property, and involve services offered by all of Hilco’s business units.
For more than a decade, Mr. Malfitano has structured complex asset acquisition, investment and disposition transactions involving healthy, stressed, distressed and insolvent companies, including both in-court and out-of-court restructurings. Over the years, he has developed the expertise needed to quickly assess a situation, formulate a comprehensive set of strategic alternatives, and work to quickly to implement the solution best positioned to maximize short- and long-term stakeholder value. Since joining Hilco, Mr. Malfitano has documented and closed over one hundred transactions representing an aggregate asset valuation in excess of $1 billion.
Jeffrey B. Hecktman, Chairman and CEO of Hilco Trading, said, “Joe is respected and trusted in the legal, financial and restructuring communities. His extensive network of contacts and his deal aptitude together ensure he’ll have great success in his new role. I am certain Joe will uncover and structure many new opportunities for Hilco to deploy capital, monetize assets and provide other services often needed in special situations.”
Prior to joining Hilco, Mr. Malfitano Joe was a member of the Bankruptcy & Corporate Restructuring practice of Young Conaway Stargatt & Taylor, LLP, one of Delaware's most prominent bankruptcy and corporate restructuring law firms. Joe is a graduate of State University of New York, College at Buffalo and earned his law degree from Temple University - James E. Beasley School of Law.
Headquartered in Northbrook, Illinois (USA), Hilco is a privately-held, diversified financial and operational services firm whose principal competency is understanding and maximizing the value of business assets, including retail, consumer and industrial inventory, machinery and equipment, real estate, accounts receivable, intellectual property and going-concern enterprises. Through an integrated platform of more than 20 business units in North America and Europe, Hilco helps companies and their professional advisors derive the maximum value for said assets through appraisals, asset disposition and acquisition services, private equity investment and consulting services. Hilco serves retailers, wholesalers, distributors, manufacturers, directly and through their lenders, investors and advisors, including private equity firms, hedge funds, investment banks, law firms, turnaround professionals, accounting professionals, bankruptcy trustees and receivers.