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 Chapter 11 bankruptcy protection on August 15th in the U.S. Bankruptcy Court […]

Continue Reading >Tiger Finance Provides $15.5MM DIP Financing to Aluminum Shapes

Live Webcast Auction by Machinery Network Auctions and Tiger Group Offers Inventory from Automotive Supplier Toledo Molding & Die, Inc.

Live Webcast Auction by Machinery Network Auctions and Tiger Group Offers Inventory from Automotive Supplier Toledo Molding & Die, Inc.
Plant-closing sale on September 14 features 279 items–including accumulator-head blow molders, granulators, blenders, chillers, air compressors and more–from the global Tier 1/Tier 2 supplier of interior and air/fluid management systems

JEFFERSON, Ohio, Sept. 1, 2021 /PRNewswire/ — In a September 14 live webcast auction, Machinery Network Auctions, Inc. and Tiger Group are  offering machinery and equipment from the […]

Continue Reading >Live Webcast Auction by Machinery Network Auctions and Tiger Group Offers Inventory from Automotive Supplier Toledo Molding & Die, Inc.

Proceeds Beat Expectations by 45 Percent in Well-Attended CBD Equipment/Real Estate Auction by Tiger Group and Tranzon Asset Advisors

Proceeds Beat Expectations by 45 Percent in Well-Attended CBD Equipment/Real Estate Auction by Tiger Group and Tranzon Asset Advisors
U.S. and international bidders acquire all available assets of a major CBD processor in Cadiz, Kentucky, along with its 86,500-square-foot plant and 14.5-acre site.

CADIZ, Ky., Aug. 19, 2021 /PRNewswire/ — Motivated bidders drove robust results in an online auction of foreclosed assets from a major CBD processor’s facility in Cadiz, […]

Continue Reading >Proceeds Beat Expectations by 45 Percent in Well-Attended CBD Equipment/Real Estate Auction by Tiger Group and Tranzon Asset Advisors

Tiger Online Auction Offers Variety of Professional A/V Gear From Major Production Rental Company

Tiger Online Auction Offers Variety of Professional A/V Gear From Major Production Rental Company
Aug. 24th sale features over 200 lots of digital cameras, lenses, projectors, memory and other gear accessories from prominent North American rental house

LOS ANGELES (8/17/21)–In its latest sale for a prominent North American production rental company, Tiger Group will be staging a timed online auction on August 24 for over 200 lots […]

Continue Reading >Tiger Online Auction Offers Variety of Professional A/V Gear From Major Production Rental Company

Audio-Visual Asset Value Rebound Highlights Sector’s Resilience

Audio-Visual Asset Value Rebound Highlights Sector’s Resilience
Tiger Group experts provide insights into the factors asset-based lenders should contemplate when considering lending into the professional A/V sector.

Asset values in the audio/visual (A/V) sector—everything from high-end digital cameras for movie, television and commercial productions, to specialized lighting for live events—continue to strengthen, due in part to the commencement of productions and the rebounding U.S. economy.

Questions related to […]

Continue Reading >Audio-Visual Asset Value Rebound Highlights Sector’s Resilience

Restaurant Rebound Tests the Limits of U.S. Food Distributors

Restaurant Rebound Tests the Limits of U.S. Food Distributors
Historically, foodservice inventory and M&E have been good, stable forms of collateral, and the prospects of this “safe haven” sector remain quite strong over the long term. However, closer monitoring is always required when any form of collateral faces headwinds, which is the case in today’s food-distribution sector due to shortages of truck drivers, refrigerated trucks, warehouse […]

Continue Reading >Restaurant Rebound Tests the Limits of U.S. Food Distributors

Proceeds from Tiger Group, Schneider Industries Online Auction of Brewery Assets Top Expectations by 15%

Proceeds from Tiger Group, Schneider Industries Online Auction of Brewery Assets Top Expectations by 15%
The recent online auction of assets from a 30-barrel, semi-automated brewhouse in Eureka by Tiger Group and Schneider Industries generated proceeds that were 15% above the sale partners’ expectations.

In all, the auction attracted 236 registered bidders from across the United States and seven foreign countries. Prospective buyers for the equipment on offer included […]

Continue Reading >Proceeds from Tiger Group, Schneider Industries Online Auction of Brewery Assets Top Expectations by 15%

Tiger ‘Buy Now’ Online Event Offers Surplus Professional Gear From Keslow Camera

Tiger ‘Buy Now’ Online Event Offers Surplus Professional Gear From Keslow Camera
Continuing its longstanding partnership with Keslow Camera, Tiger Group today launched a ‘Buy Now’ online sale featuring over 300 lots of digital cameras, lenses, monitors, matte boxes and gear accessories from this leading film and television industry equipment rental company.

The sale features a selection of digital cameras from Arri, Panasonic, Red, and Sony; lenses […]

Continue Reading >Tiger ‘Buy Now’ Online Event Offers Surplus Professional Gear From Keslow Camera

Assets of 30 Barrel Semi-Automated Brewhouse Up for Bid in Tiger Group, Schneider Industries Online Auction on June 17

Assets of 30 Barrel Semi-Automated Brewhouse Up for Bid in Tiger Group, Schneider Industries Online Auction on June 17
EUREKA, Calif., June 2, 2021 /PRNewswire/ — Bids are now being accepted for the June 17 online auction of all assets from a 30-barrel semi-automated brewhouse in Eureka that closed in December 2020. The auction is being conducted by Tiger Group and sale partner Schneider Industries on behalf of the […]

Continue Reading >Assets of 30 Barrel Semi-Automated Brewhouse Up for Bid in Tiger Group, Schneider Industries Online Auction on June 17

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 […]

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