Hilco Streambank Announces Opportunity to Acquire Software Platform and Associated Intangible Assets from Leading Third-Party Seller of Amazon Packable / Pharmapacks

Auctions due November 14, 2022; Auction to be held November 16, 2022

NEW YORK, November 3, 2022 /PRNewswire/ — Hilco Streambank (www.HilcoStreambank.com) announced that it was seeking offers to acquire the software platform and intangible assets of Packable Holdings, LLC (“Packable”, “Pharmapacks” or the “Company”). Packable is a technology-driven e-commerce market enablement platform that provides consumer brands, retailers and emerging digital native brands with the connections, insights and services needed to enable and accelerate sales growth. in multiple online marketplaces simultaneously.

(PRNewsfoto/Hilco Streambank)

Bids are due no later than November 14, 2022. Hilco Streambank will hold an auction on November 16, 2022. Interested parties can Click here for more information or contact Hilco Streambank.

The company was the first third-party seller on Amazon in North Americaand its software platform has enabled over 75 million transactions across 8 marketplaces, including Amazon, Walmart, eBay and Target, generating approximately 2 million reviews across all marketplaces and more than $425 million of turnover in 2021.

Packable has built its operations around its proprietary software platform, dubbed the “Brain”. Developed in-house, the platform provides integrated and automated e-commerce services such as inventory integration, data feed management, shipping and vendor management, algorithmic pricing, product bundling,… data analysis and execution. At its peak, the mastermind facilitated over 1.8 million orders per month, across over 31,000 SKUs.

Packable has invested in more than two dozen emerging digital native brands, and its positions in these companies are also available for sale.

Senior Vice President of Hilco Streambank Richelle Kalnit commented, “There is enormous competition in the e-commerce ecosystem, especially in trying to gain a cost-effective and scalable data-driven advantage over competition in multiple online marketplaces. The integrated software solution and Packable’s multi-platform platform provides the opportunity to achieve this competitive edge and would allow a multi-market brand or distributor to quickly outpace its competitors in the marketplace.” Kalnit continued, “Packable’s appeal to many businesses with digital native brands should also be of interest to brand aggregators, as these brands are well positioned on Amazon and other marketplaces.”

Assets available include Packable’s software platform, trademarks, domain names, majority stakes in two consumer product brands, and minority stakes in more than 20 emerging digital native brands. The Company is also currently selling other assets, including inventory, FF&E and its interests in its distribution centers.

Packable is acting as debtor in possession in a Chapter 11 case pending in United States Bankruptcy Court for the District of Delaware.

About Hilco Stream Bank: Hilco Shore is a market-leading consulting firm specializing in the disposal and valuation of intellectual property. Having completed numerous transactions, including sales in publicly reported cases, private transactions and online sales via IPv4.Global, Hilco Streambank has established itself as the premier intermediary in the consumer brand, Internet and telecommunications communities. Hilco Streambank is part of Northbrook, Ill. based Hilco Global, the world’s leading authority on maximizing business asset value by providing valuation, monetization and advisory solutions to an international marketplace. Hilco Global operates more than twenty specialized business units providing services that include asset appraisal and valuation, acquisition and disposition of retail and industrial inventory, real estate and strategic capital investments.

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SOURCE Hilco Stream Bank