Client ServicesAsset Divestment
Sealed Bid Sales
Certain assets yield the best recoveries when sold through a sealed-bid auction, also called a tender sale.
The nature of the assets, the Seller’s time constraints, projected market assets valuations and other factors are used by Hilco to define the auction’s structure and timing, and set minimum bid requirements. In most cases, the highest first bid is declared the winner. Participants in a sealed-bid auction may or may not know the identities or actions of other participants and usually these sales are conducted privately between the Hilco bid coordinator and interested parties.
Hilco’s international database of buyers enables Hilco to know who has an interest in certain types of assets and how to contact them. The technology used enables Hilco to present assets to buyers a world away and leave them feeling comfortable that they are bidding on exactly what was presented.