Tiger Finance and Encina Business Credit closed on $48.5 million in growth financing for Daytona Apparel Group, a portfolio company of Windsong Global.
Tiger Finance provided a $6 million term loan to support Nogin’s acquisition of digitally native fashion retailer ModCloth. Additionally, Tiger Valuation Services provided inventory analytics support to Nogin.
Andrew Cerussi joined Tiger Financial as a managing director. Cerussi is a 20-year veteran of the asset-based lending and financial services industries, having previously worked for Bank of America Merrill Lynch, LaSalle Retail Finance and Wells Fargo Retail Finance.
Tiger Capital Group provided $5 million in special project financing to Epoca International, the sole license holder of Walmart’s Tasty Housewares product lines.