Stephen Moore, formerly a director at Alvarez & Marsal, has been hired as an investment director at Re:Capital Canada, a distressed investment platform launched last year by British private equity firm Hilco Capital.
Hilco made the announcement in its third quarter 2014 newsletter, saying that Moore took over the new role in September.
Hilco said Moore’s background includes more than 14 years of experience in corporate advisory, restructuring and turnaround activity.
Moore’s arrival at Re:Capital Canada comes at a time when the platform has been looking for new opportunities to acquire distressed debt or distressed businesses in the Canadian market.
In June 2013, peHUB Canada reported exclusively on Re:Capital Canada’s launch. That report, which included an interview with Chris Emmott, Hilco’s investment director, highlighted the PE firm’s plans to build on earlier Canadian investments, such as entertainment retailer HMV Canada, which was acquired from its British parent HMV Group in 2011. Hilco later bought HMV Group from its administrator Deloitte for US$76 million last year.
Hilco’s other investments in Canada include Kraus Group, a Waterloo, Ontario-based manufacturer and distributor of carpet and flooring, and Denby Canada, a marketing and distribution arm of U.K. pottery manufacturer Denby, Burleigh and Poole.
In February 2014, the PE firm flagged plans to sell Denby.
HMV Canada, Kraus and Denby Canada are all portfolio companies of the Toronto-based Re:Capital Canada.
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