Finance – Tiger Group

Tiger Finance Posts Strong Q2 Lending Growth in 2024

Wholesaler and Retailers focused on e-commerce, furniture and apparel turn to Tiger to meet working capital needs

Tiger Finance’s lending platform continued to grow in the second quarter ended June 30, providing $90 million in financing to retail and other borrowers across North America.

Significant second-quarter deals included providing $15 million to an outdoor-lifestyle retailer/ wholesaler, $21 million to a wholesale/ecommerce furniture manufacturer and an additional $7.5 million, […]

By Tiger Group

Industry Veteran Shanahan Joins Tiger Finance as Managing Director

Jason P. Shanahan, a 24-year veteran of the asset-based lending and consumer finance industries, joined Tiger Finance as a managing director.

From his base in Tiger’s Boston office, Shanahan will focus on identifying both secured debt financing and equity capital opportunities, as well as utilize his experience to further strengthen the Tiger Finance operating platform. He will report to Bob DeAngelis, executive managing director of Tiger Finance.

For the past five years, […]

By Tiger Group

Finance / News

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 banks, which generally have a lower appetite for credit risk in the […]

By Tiger Group

Finance / Insights / Retail

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 hit from shrink this year alone. Notably, in a recent CNBC appearance, […]

By Bill Mayer

Finance / News / Retail

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 million in growth capital for the manufacturer, based in Locust Valley, NY. […]

By Tiger Group

Read more about the article White Oak, Tiger Finance Provide $90MM Asset-Based Loan to Support TerraMar Capital’s Acquisition of U.S. Metals Distributor

Finance / News

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, a subsidiary of Tiger Capital Group, LLC, provided a $10 million […]

By Delphine Thierry

Finance / News

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 capital to support PWE’s data-driven approach to acquiring, operating, and scaling ecommerce […]

By Tiger Group

Finance / News / Retail

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 and support the ongoing working capital needs of the business.

Launched in […]

By Delphine Thierry

Corporate / Finance / Industrial / News / Retail / Wholesale

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 in growth during his 33 years at Wells Fargo and GE Capital, […]

By Delphine Thierry

Finance / News

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 brand-development program it is now undertaking for a national big-box retailer.

“Today’s marketplace […]

By Delphine Thierry