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Hilco Streambank seeks offers to acquire brand assets of legacy furniture brand Klaussner

Mar 15, 2024over 1 year ago

Acquiring Company

Hilco Global

Acquired Company

Klaussner

NorthbrookNew YorkLendingFurnitureManufacturing

Description

Hilco Streambank, a leading intellectual property advisory firm, has announced its intention to seek offers to acquire the brand assets of Klaussner, a renowned furniture brand with a rich history of offering value-driven products and speed-to-market innovation. The acquisition presents an opportunity for the buyer to leverage brand equity and connect with a desirable network of wholesale distributors, including furniture stores and online retailers.

Company Information

Company

Hilco Global

Location

Northbrook, Illinois, United States

About

Hilco Global (www.hilcoglobal.com) is a privately held diversified financial services company and the world's preeminent authority on maximizing the value of assets for both healthy and distressed companies. Hilco Global financial services leverage a unique blend of deep restructuring, and principal investing. Hilco Global delivers customized solutions to undervalued, high potential companies to resolve complex and stressed situations and enhance long-term enterprise value. Hilco Global operates as a holding company comprised of over twenty specialized business units that work to help companies understand the value of their assets and as needed monetize the value. Hilco has almost 4 decades of a successful track record of acting as an advisor, agent, investor and/or principal in any transaction. Currently, the company has $3 Billion in assets under management. Hilco Global works to deliver the best possible result by aligning interests with clients and providing them strategic insight, advice, and, in many instances, the capital required to complete the deal. Hilco Global is based in Northbrook, Illinois and has 800 professionals operating on five continents with US offices located in Boston, Detroit, Chicago, New York, Philadelphia, and internationally in Australia, Canada, UK, Germany, Netherlands, Mexico and throughout Asia. SOURCE Hilco Global

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed