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 $155mm due 2025 led by Bank of America, N.A. The amendment […]

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 our business,” Larry Dobos, CEO and president of the global trader of […]

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, celebrate the achievements of young professionals in the secured finance industry — […]

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.

According to Jeff Streader, managing director of Go Global, the company plans […]

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 BikeCo, LLC to joint venture partner Advanced Holdings Co. Ltd. As […]

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, SE, Breezer, Tuesday and component brand Oval Concepts.

“We are committed to ASI’s […]