Background
In May 2016, international office supplies retailer Staples, Inc. announced its intention to focus on its North American business and explore strategic alternatives for its European operations. Hilco Capital acquired the company’s UK bricks-and-mortar retail business in November that year.
The tight integration of the acquired business unit with the former parent company’s systems, supply chain and human resources, together with a demanding TSA period, presented Hilco’s team with an extremely complex corporate carve out in a challenging time frame.