CIT Northbridge Credit, as advised by CIT Asset Management, and Tiger Finance arranged up to $47 million in financing for an e-commerce seller of branded consumer products.
Tiger Finance closed on a $13.75 million term loan for Waller, TX-based Laney Directional Drilling, a trenchless construction and engineering firm known for its drilling operations on infrastructure projects.
Tiger Finance closed on $17 million in growth financing for an East Coast industrial real estate investment and development firm.
Tiger Finance closed on $8.2 million in growth financing for Outdoor Adventure Brands (OAB), an e-commerce and retail company known for its Austin Canoe & Kayak stores in Texas and Summit Sports locations in Michigan.
Tiger Finance closed on $15.5 million in debtor-in-possession financing to facilitate the Chapter 11 restructuring of Pennsauken, NJ-based Aluminum Shapes, a manufacturer and distributor of aluminum products.
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.