Hilco Capital to acquire Design Group Americas from IG Design Group.

Hilco Capital, a British financial investment and restructuring advisory company, agreed to acquire Design Group Americas from IG Design Group, a designer and manufacturer across various celebration and creative categories. Financial terms were not disclosed. "We have worked tirelessly over a number of years to rebuild DG Americas into a more profitable and sustainable part of the Group. However, numerous external factors have influenced progress, including category contraction and customer bankruptcies. Compounding this, in light of recent events in North America and the evolving tariff situation, it has become clear that the headwinds facing the division are untenable. The Board has acted decisively and at pace to safeguard the wider Group from both further financial exposure at a crucial time in the Group's working capital cycle and also the escalating risks of prolonged underperformance. By entering into a realisation agreement with the Buyer the Group has removed downside risk while retaining optionality on any value that may be realised," Stewart Gilliland, IG Design Group Chair.