Hilco Valuation Services News

 

Bilfinger GVA Sells Plant & Machinery Team To Hilco Global

Apr 05, 2016
Exchange of contracts and completion was agreed between both parties on Thursday March 31, 2016

Leading UK commercial real estate consultant Bilfinger GVA has sold its Plant and Machinery (P&M) advisory arm to Hilco Valuation Services Europe , a unit of Hilco Global.

Bilfinger GVA’s decision to sell its P&M capability follows the completion of a three month process in which the vendor took the service offer to market in January 2016 to actively seek the best partner to enhance its service to clients. This resulted in Hilco Valuation Services Europe and Bilfinger GVA agreeing to initiate discussions with a view to Hilco Valuation Services Europe carrying out a strategic acquisition. A memorandum of understanding was signed in February 2016 illustrating both parties ambition to conclude a mutually beneficial agreement.

Gerry Hughes, Chief Executive of Bilfinger GVA, comments: “Our decision to sell our P&M capability presented us with an exciting opportunity to strengthen and bolster our existing links with Hilco Global and to jointly offer a stronger combined property and plant and machinery client service. Our former P&M colleagues will continue to work alongside Bilfinger GVA to continue to offer a seamless first class service to both our existing and new clients.”

Chris Hall, Chief Executive of Hilco Valuation Services Europe E said: “We are delighted with the acquisition and welcome the team to the Hilco Global family. The addition of five talented and experienced professionals will allow us to accelerate our consistent organic growth, and has given us the opportunity to open a central Manchester office, which was a key part of our existing expansion plans for 2016.”

The P&M team, which comprises five fee-earning practitioners, specialises in valuing machinery assets and will join a Hilco Global European team which provides P&M, inventory, accounts receivable and intangible asset valuations and disposals for Private Equity Companies, Lenders, Restructuring Professionals and Insolvency Practitioners. The European valuation team is part of Hilco Valuation Services LLC, one of the world’s largest and most diversified business asset appraisers and valuation advisors. Headquartered in the Chicago area, Hilco Valuation Services  LLC has offices in key cities around the world and provides services on five continents. Hilco Valuation Services Europe LLC is a business unit of Hilco Global, an independent financial services company and the world’s premier authority on asset valuation, monetization and advisory solutions.

For further information please contact Simon Miller, Deputy COO at Bilfinger GVA on 0121 609 8260.

Bilfinger GVA Profile:
With its 12 offices, headquarters in London and 700 fee-earners around the UK, Bilfinger GVA offers
the country’s largest and most diverse multidisciplinary property consultancy outside of the capital.
Bilfinger GVA is a Bilfinger Real Estate company, one of Europe’s leading real estate managers, with approximately €54 billion in assets under management. As part of the globally operating engineering and service group Bilfinger SE, Bilfinger Real Estate offers integrated property service and advisory
from a single source. See www.realestate.bilfinger.com for more details.Bilfinger GVA’s overall business, which is 80% consultancy-based, generated a turnover of £157.6 million year ending 30 April 2014, up from £147.3 million the previous year. For further information please visit www.gva.co.uk. Bilfinger GVA is the trading name of GVA Grimley Limited.
                                   

About Hilco Global:
Hilco is a unique platform of more than twenty integrated business units located around the world
and focused on three core corporate solution areas: Valuation, Monetization and Advisory Services.
Each Hilco Global company is recognized as a leader in its respective field. These businesses on their own, or collaboratively, will provide customized services to determine the market value of your
business assets, monetize those assets, or enhance their overall worth to your organization through innovative strategic solutions. Whether you are a retailer, manufacturer or wholesale/distribution company, an asset-based or commercial lender, an attorney, accountant or turnaround professional, a private equity sponsor, hedge fund or investment bank, Hilco Global can provide a fully-integrated package of corporate solutions to assist you.

For all Hilco Global media inquiries please contact:
Gary Epstein, EVP & Chief Marketing Officer on +1 847 418 2712 or gepstein@hilcoglobal.com
Rebecca York, Marketing Manager Europe on 020 7374 5300 or ryork@hilcoglobal.eu      


For all Bilfinger GVA media inquiries, please contact:

Ed Dewar, National PR Manager, Corporate Press Office on 020 7911 2664 or edward.dewar@gva.co.uk
Ella Mullings, PR Executive, Corporate Press Office on 020 7911 2522 or ella.mullings@gva.co.uk