Tiger Finance Provides $102MM in Financing in Q1/24
Challenged specialty and apparel retailers top borrower list during busy first quarter NEW YORK, April 2, 2024 — Tiger Finance‘s lending platform continued to grow in the first quarter ended March 31, providing $102 million in financing to retail and other borrowers across North America. “Women’s specialty apparel retailers, in particular, continue to be challenged and face pullback from national [...]
ABL Sector Must Stay Vigilant Amid ‘Growth of Shrink’
ABL Sector Must Stay Vigilant Amid ‘Growth of Shrink’ By: Bill Mayer In what might be thought of as “the growth of shrink,” American retailers are pointing to shoplifting, organized retail crime and employee theft as significant drags on their profitability. The big-box discounter Target, for one, said its profits could take a $500 million [...]
Tiger Finance, Merchant Financial Group Provide $38MM in Growth Capital to Apparel Brand Arctix
Tiger Finance, Merchant Financial Group Provide $38MM in Growth Capital to Apparel Brand Arctix Tiger Finance and Merchant Financial Group are partnering to provide $38 million in growth capital to Alpha 6 Distributions, creator of the Arctix winter apparel brand. As the primary lender to Alpha 6, Merchant Financial Group tapped Tiger Finance to provide an additional $15.2 [...]
White Oak, Tiger Finance Provide $90MM Asset-Based Loan to Support TerraMar Capital’s Acquisition of U.S. Metals Distributor
White Oak, Tiger Finance Provide $90MM Asset-Based Loan to Support TerraMar Capital’s Acquisition of U.S. Metals Distributor White Oak Commercial Finance, an affiliate of White Oak Global Advisors, LLC, provided a $80 million revolver to a Midwest-based distributor and value-added service provider of specialty metal products with operations throughout the United States. Additionally, Tiger Finance, LLC, [...]
Tiger Finance Provides $20 Million Credit Facility to Pilot Wave E-Commerce
Tiger Finance Provides $20 Million Credit Facility to Pilot Wave E-Commerce Strategic financing fuels growth of Pilot Wave E-Commerce Holdings—the latest Tiger borrower leveraging the Amazon platform NEW YORK – November 29, 2022 –Tiger Finance, LLC and Pilot Wave E-Commerce Holdings, LLC (PWE) have closed on a flexible, $20 million credit facility — providing working [...]
Second Avenue Capital Partners and Tiger Finance Provide $80MM Credit Facility for Casper Sleep
Second Avenue Capital Partners and Tiger Finance Provide $80MM Credit Facility for Casper Sleep Second Avenue Capital Partners (SACP) and Tiger Finance (Tiger) closed an $80 million credit facility for Casper Sleep, Inc. (Casper), the omnichannel retailer of innovative sleep products including mattresses, pillows and other sleep accessories. The new financing will be used to retire an existing credit facility [...]
William J. Mayer Joins Tiger Group as an Executive Managing Director
William J. Mayer Joins Tiger Group as an Executive Managing Director Former Wells Fargo and GE Capital executive brings decades of experience in finance, business development and corporate strategy to Tiger’s suite of services BOSTON – November 1, 2022 – William (Bill) J. Mayer, a senior finance industry executive responsible for generating billions of dollars [...]
Tiger Finance Provides $5.2MM Financing Facility to Private Label HBC Company
Tiger Finance Provides $5.2MM Financing Facility to Private Label HBC Company Capital supports new brand-development program for a national big-box retail client aiming to ramp up its beauty and wellness offerings NEW YORK, March 31, 2022 /PRNewswire/ — Tiger Finance has closed on $5.2 million in financing for a private label health and beauty care products company in support of a [...]
CIT Northbridge and Tiger Finance Arrange Financing of Up to $47 Million for a Leading E-Commerce Seller of Branded Products
CIT Northbridge and Tiger Finance Arrange Financing of Up to $47 Million for a Leading E-Commerce Seller of Branded Products NEW YORK — March 29, 2022 — CIT Northbridge Credit, as advised by CIT Asset Management, and Tiger Finance today announced they have arranged up to $47 million in financing for a leading e-commerce seller [...]
Eric Gul Joins Tiger Group as Managing Director
Eric Gul Joins Tiger Group as Managing Director Veteran IP, licensing and M&A specialist brings extensive insights into the valuation of consumer-facing brands; previously served in executive roles at Sequential Brands, Global Brands Group, Kids Headquarters, and Tommy Hilfiger NEW YORK (3/09/22)—Brand executive and corporate counsel Eric Gul has joined Tiger Group as a Managing [...]
Tiger Finance Provides $13.75MM Credit Facility to Laney Directional Drilling
Tiger Finance Provides $13.75MM Credit Facility to Laney Directional Drilling Tiger Finance closed on a $13.75 million term loan for Waller, Texas-based Laney Directional Drilling—a full-service trenchless construction and engineering firm known for its highly complex drilling operations on major infrastructure projects. The transaction, which closed on December 27, comes at a time of increased demand [...]
Tiger Finance Provides $8.2MM Credit Facility to Outdoor Adventure Brands
Tiger Finance Provides $8.2MM Credit Facility to Outdoor Adventure Brands Tiger Finance closed on $8.2 million in growth financing for Outdoor Adventure Brands (OAB)—an ecommerce and retail company known for its Austin Canoe & Kayak stores in Texas and Summit Sports locations in Michigan. Private-equity sponsor Digital Fuel Capital, an ecommerce-focused investment firm, is an investor [...]
Tiger Finance Provides $17 Million Credit Facility to Industrial Real Estate Firm
Tiger Finance Provides $17 Million Credit Facility to Industrial Real Estate Firm Capital infusion will enable company to acquire and redevelop site on East Coast NEW YORK (12/14/21) –Tiger Finance has closed on $17 million in growth financing for an East Coast industrial real estate investment and development firm. Over the past five years, the [...]
Tiger Finance Provides $15.5MM DIP Financing to Aluminum Shapes
Tiger Finance Provides $15.5MM DIP Financing to Aluminum Shapes Tiger Finance has closed on a $15.5 million in debtor-in-possession financing to facilitate the Chapter 11 restructuring of Pennsauken, N.J.-based Aluminum Shapes LLC, a fully integrated manufacturer and distributor of aluminum products serving multiple industries. Aluminum Shapes LLC, which operates a 500,000-square-foot facility in Pennsauken, filed for [...]
Francesca’s CEO Shares Brand’s Post-Pandemic Turnaround
Francesca’s CEO Shares Brand’s Post-Pandemic Turnaround The COVID-19 pandemic forced retailers to survive amid a wave of challenges, including losing their physical footprints for an extended period. And that meant companies either innovated and pivoted or faced even bigger troubles. By Amy Baxter For those retailers who were already facing struggles, such as clothing company [...]
Tiger Finance and Encina Business Credit Announce the Closing of a $48.5 Million Revolver/Term Loan to Daytona Apparel Group
Tiger Finance and Encina Business Credit Announce the Closing of a $48.5 Million Revolver/Term Loan to Daytona Apparel Group Capital infusion will support accelerated growth of Daytona’s platform of owned, licensed and private label offerings, as well as its expansion into adjacent product categories and direct-to-consumer platforms. NEW YORK, May 13, 2021 /PRNewswire/ — Tiger Finance and [...]
Andrew Cerussi Joins Tiger Financial as Managing Director
Andrew Cerussi Joins Tiger Financial as Managing Director Andrew (Andy) Cerussi has joined Tiger Financial, LLC as a Managing Director. Tiger Financial is an affiliate of Tiger Capital Group, the asset valuation and financial services firm. From his base in Tiger’s Boston office, the 20-year veteran of the asset-based lending and financial services industries will [...]
Francesca’s Clothing Chain Approved for Bankruptcy Sale
Francesca’s Clothing Chain Approved for Bankruptcy Sale The buyers of Francesca’s remaining specialty retail business will keep at least 275 of its boutiques open, and retain the management team and nearly all other employees By Aisha Al-Muslim Jan. 21, 2021 5:25 pm ET Specialty retailer Francesca’s Holdings Corp. has won court approval to sell its [...]
Francesca’s enters stalking-horse agreement, gets bankruptcy court’s OK for sale process
Francesca’s enters stalking-horse agreement, gets bankruptcy court’s OK for sale process Houston-based specialty apparel retailer Francesca’s Holding Corp. is one step closer to selling its business to a private investor. Copyright 2021 Houston Business Journal. All Rights Reserved. The U.S. Bankruptcy Court fo the District of Delaware has approved the company’s auction process, Francesca’s announced [...]
Retailer rue21 Enters Deal With Bank of America to Retire Debt, Extend Credit Agreement
Retailer rue21 Enters Deal With Bank of America to Retire Debt, Extend Credit Agreement Specialty retailer rue21 (r21 Holdings, Inc.) announced that its strong financial position has enabled it to refinance its existing term loan, increase available liquidity and lower its cost of capital. rue21 amended its asset based credit facility to increase availability to [...]
Tiger Finance Provides Nu-Steel Trade With $10MM in Growth Capital
Tiger Finance Provides Nu-Steel Trade With $10MM in Growth Capital Tiger Finance, a wholly owned affiliate of Tiger Capital Group closed on a $10 million delay draw term loan to Nu-Steel Trade that provides working capital for growth and acquisition opportunities. “Nu-Steel is thrilled with the opportunity to partner with Tiger on the growth of [...]
Tiger Group MD Named to SFNet’s ‘40 Under 40’
Tiger Group MD Named to SFNet’s ‘40 Under 40’ Ryan Davis, Managing Director of Valuation Services at Tiger Group, has been named a ‘40 Under 40’ recipient in the 2020 awards program from The Secured Finance Network (SFNet), the professional association of the secured lending industry. “The SFNet 40 Under 40 Awards, established in 2016, [...]
Go Global Retail completes acquisition of ModCloth
Brand-investment platform Go Global Retail has completed its purchase of digitally native fashion retailer, Modcloth, from Walmart. Go Global officially closed on the deal for the online women’s retailer — which carries a range of women’s indie and vintage clothing, shoes, handbags and accessories — on January 27, after receiving financing from Tiger Capital Group. [...]
Tiger Group Sells Stake in BikeCo, LLC to Advanced Holdings Co., Leaving Recapitalized Wholesale Distributor Positioned for Growth
Tiger Group Sells Stake in BikeCo, LLC to Advanced Holdings Co., Leaving Recapitalized Wholesale Distributor Positioned for Growth PHILADELPHIA, Oct. 2, 2019 /PRNewswire/ — Less than a year after co-leading the acquisition of the wholesale bicycle operations of Advanced Sports Enterprises (ASE) in bankruptcy court, Tiger Capital Group has sold its stake in the newly formed [...]
Tiger Group Wins Bid To Buy ASE Assets
New owners say they are committed to running ASI wholesale business by Stephen Frothingham PHILADELPHIA (BRAIN) — Part of the group that has agreed to purchase the assets of Advanced Sports Enterprises said Tuesday that they are committed to operating ASE’s wholesale business, Advanced Sports Inc., and will continue selling ASI’s brands including Fuji, Kestrel, [...]
Tiger Capital joins Norwegian group, invests in Permian pumper
Tiger Capital joins Norwegian group, invests in Permian pumper Through a $5 million capital infusion, Norwegian private equity firm Norse Partners and the founders of Commander oilfield services will grow again. Tiger Capital Group, based in Houston, is providing the Permian-focused pressure pumper with money to acquire additional assets. The funds will be used to [...]
Tiger Capital Group Provides Capital Infusion to Commander Oilfield Services
Tiger Capital Group Provides Capital Infusion to Commander Oilfield Services NEW YORK Aug. 21, 2018 /PRNewswire/ — Tiger Capital Group announced that it has provided Commander Oilfield Services, LLC (“Commander”) with a $5 million capital infusion that allows the company to add premium assets and expand its service lines to meet strong customer demand in the [...]