A Year in Review
As Gordon Brothers reflects on everything we’ve accomplished together during a year unlike any other, we recognize 2021’s extraordinary challenges and opportunities and are inspired by the continued resilience of our employees, partners and friends. We continue to find new ways to work, minimizing risk and maximizing opportunity to help our clients move forward through change. We welcomed new talent and delivered complex multi-asset and multi-jurisdictional solutions, expanding our global partnerships and capital capabilities.
Gordon Brothers welcomed over 40 new hires in 2021 including the following individuals:
Carolyn D’Angelo, President of Laura Ashley, Managing Director, Brands
New York, New York
Carolyn D’Angelo joined Gordon Brothers in May and leads new development and licensing opportunities within the equity and debt portfolios for the Brands team. Read Carolyn’s full bio.
Joe Massaroni, Director, Business Development, Southeast Region
Joe Massaroni joined Gordon Brothers in April and leads efforts to develop and maintain strong client relationships across the Southeast. Read Joe’s full bio.
Karl Werner, President, International, Commercial & Industrial
Karl Werner joined Gordon Brothers in September. He is a member of the senior leadership team and develops and executes investment and disposition strategies across the firm’s International Commercial & Industrial practice. Read Karl’s full bio.
Lauren Nadeau, Director, Marketing
Lauren Nadeau joined Gordon Brothers in August and is responsible for the firm’s global marketing and brand strategies to drive business development. Read Lauren’s full bio.
Luke Johnston, Director, Deals & Origination
Luke Johnston joined Gordon Brothers in December and manages client relationships and identifies new opportunities across Australia. Read Luke’s full bio.
Oliver Veart, Director, Marine & Valuations
London, United Kingdom
Oliver Veart joined Gordon Brothers in July and is responsible for the firm’s marine and shipping related activities, delivering marine asset valuations and marine asset-based lending and dispositions. Read Oliver’s full bio.
Gordon Brothers welcomed some familiar faces back to our firm, including the following individuals:
Dr. Andreas Kemper, Managing Director
Dr. Andreas Kemper returned to Gordon Brothers in March and is responsible for the development, structuring and implementation of short- and long-term financing solutions for our partners in Europe. Read Dr. Andreas full bio.
Tobias Nanda, President, Brands
Tobias Nanda returned to Gordon Brothers in January and is responsible for developing and executing Gordon Brothers’ brand investment strategies through acquisition and lending in all global markets. Read Tobias’ full bio.
Gordon Brothers completed nearly 1,800 projects in 2021 and expanded our global partnerships with the completion of our first projects in Indonesia Finland, New Zealand and Poland. A few are highlighted below:
Gordon Brothers provided the specialty finance truck leasing company $85 million of capital to support continued growth, refinance its existing debt and the expansion of its truck fleet. Read more in our press release.
Gordon Brothers arranged, structured and executed a £25 million asset-backed financing facility for MIP Holdings Limited’s public-to-private takeover of the U.K.-based global retailer and wholesaler of fashion clothing, accessories and homeware. Our firm delivered the majority funding, providing £17.5 million. Read more in our press release.
Honda of the UK Manufacturing
Gordon Brothers concluded multiple online auctions and ongoing private treaty sales as the exclusive asset selling agent of Honda’s machinery and equipment from one of Europe’s largest, fully integrated automotive plants in Swindon, England, which closed in July 2021.
Gordon Brothers was appointed as a selling agent for the manufacturing leader’s German assets in partnership with Maynards Europe and Robert Levy Associates for one of the largest machine tool sales in Europe. Read more in our press release.
As the owner of the British heritage brand, Gordon Brothers launched its spring 2021 collection online and in select NEXT plc stores featuring the classic and recognizable homeware, alongside an array of new designs. Global retail sales topped $250 million last year, with expanded distribution including John Lewis, Marks & Spencer, B&Q and HomeBase. Read more in our press release.
Gordon Brothers supported the successful capital raise process for the online high-end, luxury retailer. Read more in our press release.
Gordon Brothers partnered with J.P. Morgan to provide the department store chain a A$215 million, four-year asset-based lending facility to refinance its existing credit facilities, support strategic initiatives and provide day-to-day liquidity. Read more in our case study. Read more in our press release.
Gordon Brothers arranged, structured and participated in a A$190 million syndicated facility established to refinance existing debt facilities of the heavy earthmoving equipment company. The tailored asset-based lending facility, underpinned by both plant and equipment and receivables, was structured to suit ongoing operational requirements. Read more in our press release.
Ranger Energy Services
Gordon Brothers partnered to provide a $15 million term loan to the provider of oil and gas well servicing rig and ancillary equipment that funded its acquisition of oil field services equipment and operating assets from another company’s bankruptcy. Led the disposition of select assets excess to continuing operations. Read more in our press release.
One of Denmark’s largest retailers and owner of the Netto chain selected Gordon Brothers to exclusively manage the Polish Tesco store sell-out program and fulfil the mergers and acquisitions process. Our firm managed and trade-out 285 Tesco stores and the sell-out of the retail inventory, including all furniture, fixtures, and equipment. Read more in our press release.
Gordon Brothers provided SPM Toys Trading a secured term loan to purchase the German toy and game retailer’s intellectual property rights and retail inventory from all 49 stores. Read more in our press release.
Swissport Finland Oy
Gordon Brothers purchased nearly 300 specialist ground support equipment assets valued around €4.5 million from the Finnish airline transportation company in Helsinki in partnership with Liquidity Services. Read more in our press release.
Gordon Brothers appraised the inventory of this U.S. and Canadian men’s business and formal attire specialty retailer under the Men’s Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore concepts.
Toll Global Express
Gordon Brothers arranged and provided financing totaling A$160 million to support a private equity firm in its acquisition of the premier logistics business in Australia and New Zealand. The two asset-based lending financing packages were structured to allow for and support the business turnaround. Read more in our press release.
AWARDS, MEDIA & RECOGNITION
We’d like to highlight a few announcements from 2021:
Gordon Brothers & Ritchie Bros. Form Alliance to Assist Australian and South East Asian Insolvency and Restructuring Market
Gordon Brothers and Ritchie Bros. created a formal joint venture in April, the Gordon Brothers & Ritchie Bros. Alliance. The Alliance provides end-to-end asset advisory and asset remarketing services to the insolvency and restructuring market in Australia and South East Asia. Read more.
Gordon Brothers & JLL Expand Strategic Alliance to Provide Real Estate, Asset Optimisation & Capital to Businesses Operating in Spain & Portugal
Gordon Brothers and Jones Lang LaSalle Incorporated (JLL), a leading professional services firm, expanded their strategic alliance in September to offer integrated services to businesses operating in Spain and Portugal that are going through change or transformation. The alliance covers the retail and industrial sectors, both of which have the potential to maximise a company’s value. Read more.
Cameron Cook Receives ABF Journal’s Industry Icon Award
Cameron Cook, Managing Director, Business Valuations, was named one of ABF Journal’s 2021 Industry Icons in December. Cameron was recognized for his innovative work valuing intangible assets such as patents, brands and other intellectual property over the last two decades.
Leslie Zmugg Named In-House Leader in the Law from Massachusetts Lawyers Weekly
Gordon Brothers’ General Counsel Leslie Zmugg was named a 2021 In-House Leader in the Law by Massachusetts Lawyers Weekly in September. Leslie was recognized for her exceptional leadership of our firm’s worldwide legal operations and demonstrated commitment to community service, pro bono work and mentoring young professionals.
Sam Schackman Named SFNet 40 Under 40
Gordon Brothers’ Samantha Schackman, Director, Valuations, was named one of the Secured Finance Network’s 40 Under 40 in September. Sam has been integral to our firm for over 15 years, and we are tremendously proud of her success. Read more.
Ulos Anderson Named President of TMA Tennessee Chapter
Gordon Brothers’ Ulos Anderson, Senior Managing Director, Commercial & Industrial, was named president of Turnaround Management Association’s Tennessee chapter in January.