NEW YORK, Oct. 27, 2014 (GLOBE NEWSWIRE) -- Hilco Streambank has announced the successful sale of the intellectual property assets and current inventory of Good Books Ltd. All assets were sold to Skyhorse Publishing in the amount of $1.025MM. The closing of this sale took place on October 3rd, 2014 following the Chapter 7 bankruptcy auction held on September 26th, 2014 in Philadelphia, PA. The assets consisted of all remaining inventory, copyrights, trademarks, domain names and certain executory contracts.
Skyhorse ultimately prevailed in a sale process that attracted significant attention from many of the major players in both the digital and print publishing industries. "The Good Books publishing portfolio is a unique collection with wide appeal and a strong following of readers," said David Peress, EVP of Hilco Streambank. "We look forward to seeing this collection of titles continue and develop with Skyhorse Publishing," Mr. Peress said.
Intercourse, PA based Good Enterprises Ltd. filed a voluntary petition under Chapter 7 bankruptcy code on December 10th, 2013. The sale order approving the sale of the publishing business related assets was approved by the bankruptcy court on October 1st, 2014.
Good Books was the publisher of many successful book titles including the New York Times bestselling Fix-It and Forget-It® and Fix-It and Enjoy-It® cookbooks, The Mayo Clinic Diabetes Diet, and the popular series of Amish romance novels authored by Linda Byler. The Fix-It cookbook series has sold more than 10.5 million copies. The original cookbook debuted in December 2000 and spent 22 weeks on The New York Times' best-seller list, eventually climbing to No. 1.
Skyhorse Publishing was launched in September 2006 by Tony Lyons, former president and publisher of the Lyons Press. The company has grown from 2 people in its infancy to 62 current employees. Skyhorse—with its twelve imprints—has published 8 New York Times bestsellers. The Skyhorse publishing program includes books on history, politics, humor, cooking, business, art, fiction, memoir, sports, health, fitness, and children's books.
About Hilco Streambank
Hilco Streambank is a market leading advisory firm specializing in intellectual property disposition and valuation. Over the last three years Hilco Streambank has become a leader in the IP valuation and disposition market, representing brands across various industries. Having completed numerous transactions including sales in publicly reported Chapter 11 bankruptcy cases, private transactions, and online sales through HilcoDomains.com and IPv4Auctions.com, Hilco Streambank has established itself as the premier intermediary in the consumer brand, internet and telecom communities. Hilco Streambank is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), a worldwide financial services company and leader in helping companies maximize the value of their assets.
Parties interested in finding out more about this sale should contact Hilco Streambank directly using the contact information provided below.
Executive Vice President
CONTACT: Gary C. Epstein CMO Hilco Global firstname.lastname@example.org Phone: 847 418 2712
Source: Hilco Global