WWD.com/globe-news/ready-to-wear-sportswear/salter-may-exit-hilco-consumer-capital-2408985/
government-trade
government-trade

Salter May Exit Hilco Consumer Capital

Jamie Salter, chief executive officer of Hilco Consumer Capital, the private equity firm, may be exiting the company he founded.

Jamie Salter, chief executive officer of Hilco Consumer Capital, the private equity firm, may be exiting the company he founded.

This story first appeared in the January 13, 2010 issue of WWD.  Subscribe Today.

Speculation circulated Tuesday that Salter was about to leave the Toronto-based firm, which manages properties such as Polaroid, Sharper Image, Ellen Tracy, Halston and Tommy Armour golf.

Salter declined to confirm he was leaving after being reached for comment Tuesday night. He said he owns 33.3 percent of Hilco Consumer Capital. The rest is owned by Hilco Trading, whose investors are Cerberus and Goldman Sachs. Salter declined to discuss the issues he’s having with his partners, and said no matter what happens, he plans to stay in the business.

Salter founded Hilco Consumer Capital in 2006. The firm generally makes investments in the $25 million to $100 million range, and takes majority control of the investment, or acquires specific company assets. HCC is financed by major institutional investors and high net worth individuals.