Dealmaker and Restructuring Expert Jack Butler Joins Hilco Global

Butler to drive growth at the privately held financial services firm that is known for delivering valuation, monetization and advisory services and solutions to companies worldwide

Jack Butler, one of the most well-known and highly regarded dealmakers and thought leaders in the restructuring, corporate reorganization and M&A community has joined the executive leadership team at Hilco Global. In his new role as Executive Vice President of Hilco Global, Mr. Butler will have responsibility for driving overall growth and continued worldwide expansion of the Northbrook, Illinois based diversified financial services firm.

Jeffrey B. Hecktman, Chairman and CEO of Hilco Global explained Mr. Butler’s new EVP role by stating that “Jack will work directly with our executive leadership team and me to continue to align our organization to meet our strategic commercial and growth objectives, add new business partners and clients, and expand our footprint around the world.” Hecktman said “Jack Butler is recognized as one of the premier restructuring dealmakers in the world today and his addition to the top management of our company serves as a testament to the quality of the work we deliver and the level of talent we have attracted to our company.”

Mr. Hecktman, who founded Hilco Global in 1987 as an asset valuation and disposition firm, has successfully built a global team of executives in 11 countries around the world and has expanded the organization into a highly diversified financial-services firm with 20 different business units with nearly 500 direct employees and more than 7,500 employees worldwide in companies that Hilco has an equity investment. Hilco has completed transactions in the billions of dollars since its inception. Hecktman said that “the addition of Jack Butler to the top management of our company further enhances the strength of our position as one of the world’s leading authorities for asset valuation, monetization and advisory solutions."

Mr. Butler joins Hilco Global from Skadden, Arps, Slate, Meagher & Flom LLP, the international law firm that he joined in 1990 to help found the firm's preeminent corporate restructuring practice and where he was a practice leader for 23 years. He was named one of the decade’s most influential lawyers by The National Law Journal, was profiled for developing “creative solutions” during the credit crisis in the Financial Times’ inaugural “US Innovative Lawyers” report, and has been recognized as one of The American Lawyer’s “Dealmakers of the Year” on several occasions for his work on the Delphi Corporation, Kmart Corporation and Xerox Corporation restructurings, among others. Most recently, Mr. Butler spent the last several years advising unsecured creditors in American Airlines’ reorganization and its recent $18 billion merger with US Airways Group, Inc., a transaction which has been cited for its innovation, collaboration and creativity by the business community and financial markets.

Commenting on his decision to join Hilco Global, Butler said "Hilco's established track record of maximizing value in both investment grade and distressed situations across industries, geographies and markets is extremely appealing. Equally attractive is the opportunity to work alongside very talented, ethical and collegial colleagues who are committed to delivering superior client service in our advisory and valuation businesses and best-in-class returns in our monetization transactions and investments held for our own account." Butler added that "it is very exciting to join Hilco Global at a time when it is committed to measured, strategic growth across the Americas and in Asia, Australia and Europe across its diversified business platform including expanding into additional market channels and countries."

A recipient of the Ellis Island Medal of Honor, which is given to Americans who exemplify outstanding qualities in both their personal and professional lives, Mr. Butler is also a member of the M&A Advisors' Hall of Fame and the Turnaround, Restructuring and Distressed Investing Industry Hall of Fame. One of the founders and past chairs of the Turnaround Management Association, he has served in leadership positions for many other industry organizations, including the American Bankruptcy Institute, American Board of Certification, the Commercial Finance Association and its Education Foundation, INSOL International, and the New York Institute of Credit. Mr. Butler is also a fellow in the American College of Bankruptcy and International Insolvency Institute.

Mr. Hecktman added that “not only does Jack bring to Hilco Global his considerable credentials and outstanding reputation as a dealmaker and restructuring expert, but he is equally as committed to his family, friends and community as he is to his professional life and career." Mr. Butler has served in leadership positions with numerous civic and charitable organizations including the Hugh O'Brian Youth Leadership organization, St. Chrysostom's Church and Day School, Children Affected by AIDS Foundation and Princeton University, his alma mater.

About Hilco Global: Northbrook, Illinois based Hilco Global ( is an independent and diversified financial services company and the world’s preeminent authority on maximizing the value of assets for both healthy and distressed companies. Hilco Global operates as the holding company comprised of twenty specialized business unit’s that work to help companies understand the value of their assets and then monetize that value. Often, Hilco Global acts as an advisor to provide consultative services in all aspects of the asset management process. For over 28 years Acting as a principal or agent, Hilco Global has a successful track record of delivering 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.