Illinois
11 November 2016
Reporter: Barney Dixon

Hilco Global launches new IP financing division


Financial services company Hilco Global has launched a new operating company, Hilco IP Merchant Banking, with Michael Friedman acting as CEO.

Friedman, a specialist in IP finance and investing, previously worked at Ocean Tomo where he advised on and managed dozens of multi-million-dollar IP transactions.

Friedman said the new company “will be focused on three critical areas within the intellectual property space, which will include financial and technology advisory services, proprietary intellectual property investing, and a dedicated team of monetisation experts to sell and license these valuable assets”.

The new division is one of more than 20 operating companies within the Hilco Global portfolio.

Jeffrey Hecktman, CEO of Hilco Global, said: “Hilco IP Merchant Banking adds a unique and critical capability to our current suite of valuation, monetization and advisory solutions.”

“This sector requires a unique and highly specialised skillset that will complement our current intellectual property capabilities in trademarks, domains and IP addresses.”

Joining Friedman at the new company will be John Veschi, who will act as COO, Gillian McColgan who will act as chief technology office, and Afzal Dean as chief licensing officer.

All three have had previous leadership positions at Rockstar and Nortel IP.

More Industry news
The latest news from IPPro The Internet
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Rouse opens Cambodia office
19 October 2017 | Phnom Penh | Reporter: Barney Dixon
Intellectual property boutique Rouse has opened a new office in Phnom Penh, Cambodia, strengthening its presence in Southeast Asia
Winterfeldt IP opens in Washington DC
16 October 2017 | Washington DC | Reporter: Barney Dixon
Winterfeldt IP Group, a new law firm focusing on brand enforcement and counseling, has opened its doors in Washington DC
WIPO Assemblies meeting ends with key agreements
12 October 2017 | Geneva | Reporter: Barney Dixon
The World Intellectual Property Organisation’s annual Assemblies meeting has ended with key agreements between member states
Johnson Controls-Hitachi selects Anaqua
11 October 2017 | Boston | Reporter: Barney Dixon
The joint venture between Johnson Controls and Hitachi Air Conditioning has chosen intellectual property analytics company Anaqua to globalise its IP management systems
IP systems deserve more participation, says WIPO director
03 October 2017 | Geneva | Reporter: Barney Dixon
Francis Gurry, director general of the World Intellectual Property Organisation, has called for greater global participation in the organisation’s international patent, trademark and design systems
Brazil and Argentina partner for IP assets development
02 October 2017 | Rio de Janeiro | Reporter: Jenna Lomax
The Brazilian Innovation Agency has entered into a partnership with the Ministry of Science, Technology and the Productive Innovation in Argentina to offer mutual support to research scientific, technological and innovation development projects
UK-China symposium: IP system adapts to technology trends
25 September 2017 | London | Reporter: Jenna Lomax
Attendees of the 2017 UK-China symposium heard how the intellectual property system is adapting to technology trends such as AI and big data