Hilco Launches New Unit to Provide Valuation Services for Illiquid and Non …

NEW YORK, Jun 28, 2012 (BUSINESS WIRE) —
Hilco, a world leader in tangible and intangible asset valuation and
monetization solutions announced the launch of Hilco Valuation Advisory
(“HVA”), which provides independent third party valuations and
reasonableness opinions on existing valuations of less-liquid and
non-publicly traded securities. Clients include private equity funds,
hedge funds and business development companies that invest in such

Aryeh Sheinbein has been named Managing Director and practice leader. He
had been the head of the internal valuation and asset management group
at Plainfield Asset Management. Prior thereto, he was the co-head of the
Hedge Fund Portfolio Valuation Group at Duff Phelps. Mr. Sheinbein has
also held investment research positions with JP Morgan, UBS and Bank of

“As the market for investing in illiquid securities has evolved, having
an independent third party to value or confirm the value of a fund’s
securities helps investors, auditors and regulators get more comfortable
with the process a fund uses to determine the carrying values,” said Mr.

Joining Mr. Sheinbein is Mr. Edward Friedman, Vice President, who also
came from Plainfield Asset Management, where he spent the last three
years specializing in illiquid securities valuations. Prior thereto, Mr.
Friedman was with Duff Phelps, working on a broad range of valuation
services, including private equity and hedge fund clients needing
illiquid asset portfolio valuations.

HVA will take its place within Hilco as part of Hilco Appraisal Services
(“HAS”), the international provider of value assessment solutions
covering all categories of tangible and intangible assets. Thomas
A. Greco, CEO of HAS, said, “The addition of a respected and experienced
portfolio valuation team strengthens our already market-leading
position. Aryeh and Ed bring a wealth of knowledge and expertise to our
organization, which will be of great benefit to our customers.”

Hilco Valuation Advisory is headquartered in New York City. Contact
information for Mr. Sheinbein and Mr. Friedman is:

Aryeh Sheinbein Managing Director asheinbein@hilcoval.com Tel:
212 610-5666 Cell: 646 239-6168

Ed Friedman Vice President efriedman@hilcoval.com Tel:
212 610-5644 Cell: 646 276-5967

About Hilco

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 operating on five continents, Hilco helps companies
and their professional advisors assess asset value, maximum value for
said assets through asset disposition and acquisition services, and
create value through advisory 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. For more information please visit our web site:
www.hilcotrading.com .


        Mr. Jim Glickman, 847-849-2931 

Copyright Business Wire 2012


Thursday, June 28th, 2012 EN

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