Investment firms win Sharper Image in bankruptcy

NEW YORK Thu May 29, 2008 4:19pm EDT

NEW YORK May 29 (Reuters) - A joint venture led by units of private investment firms Hilco Consumer Capital Corp and Gordon Brothers Group have won a bankruptcy auction to acquire the assets of gadget retailer Sharper Image Corp SHRPQ.PK, a lawyer for Sharper Image said on Thursday.

The firms will pay $49 million plus some contingent recovery for assets of the gadget retailer, according to Harvey Miller, an attorney with Weil, Gotshal & Manges, LLP, who is representing the company. (Reporting by Emily Chasan; editing by Carol Bishopric)