Hildred Capital Management , a healthcare-focused private equity firm, has announced it will be acquiring Hello Bello, an American brand of premium, affordable baby and family care products.
Hello Bello and its affiliates have filed voluntary petitions for relief under Chapter 11 in the United States Bankruptcy Court for the District of Delaware, to ensure the deal goes forward. They are seeking approval of the proposed transaction pursuant to section 363 of the United States Bankruptcy Code, which will subject the proposed transaction to higher or otherwise better offers.
Further financial details of the deal were not disclosed.
