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 Encina Business Credit have closed on $48.5 million in growth financing to Daytona […]

Tiger Group Online Auction on May 20 Features Machining Centers, Industrial Robots and Other High-Utility Assets

Tiger Group Online Auction on May 20 Features Machining Centers, Industrial Robots and Other High-Utility Assets
 

FLORENCE, Ky., May 6, 2021 /PRNewswire/ — Tiger Group will begin accepting bids on May 13 for the May 20 online auction of the remaining assets from Eagle Manufacturing’s engine block-machining facility in Florence, Kentucky. The 300,000-square-foot metro Cincinnati plant was shuttered by parent company Linamar Corp. on April 19, 2021.

A wide […]

Tiger Finance Helps Fund Nogin’s Acquisition of ModCloth

Tiger Finance Helps Fund Nogin’s Acquisition of ModCloth
Tiger Finance, an affiliate of Tiger Group provided financing to support the April 2021 acquisition of digitally native fashion retailer ModCloth by Nogin, the market leader in outsourced e-commerce for major fashion and consumer product companies.
Tiger provided a $6 million term loan to Nogin to help fund its purchase of the ModCloth assets from brand investment platform Go […]

Stiffed Vendors Get Tough With U.S. Retailers After Big Losses

Stiffed Vendors Get Tough With U.S. Retailers After Big Losses
(Bloomberg) — As U.S. retailers celebrate a boom lifting one of the pandemic’s hardest-hit sectors, scars left by a year of bankruptcies and delayed vendor payments could threaten to undermine their recovery — just as the crucial back-to-school shopping season begins.

After watching their receivables mount last year, vendors of apparel and other goods demanded change. In […]

Tiger Promotes Schloemer to Director of Business Development for Midwest

Tiger Promotes Schloemer to Director of Business Development for Midwest
April 21, 2021, 08:10 AM

Eric Schloemer has been promoted to Director of Business Development for Tiger Group, which specializes in a variety of asset dispositions and valuations, as well as secured debt financing and equity investments. The 14-year veteran of the financial services industry was previously a Senior Associate in Tiger’s Valuation Services division.

Schloemer, who will […]