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.
B. Riley Financial’s Great American Group, SB360 Capital Partners and Tiger Capital Group are closing store sales at an additional 17 Sur La Table retail locations.
Retail inventory valuations bounced back quickly in May and June as Americans responded to retail re-openings by hunting for bargains at liquidation sales, according to Tiger Capital Group executives.
In response to the COVID-19 pandemic, Tiger Group’s valuation services division issued risk assessment guidance for asset-based lenders on 29 consumer goods categories, noting that fashion apparel, fashion accessories and footwear were the riskiest categories.
In the fifth episode of ABF Journal’s COVID-19-focused podcast series, Dan Kane of Tiger Capital Group explained why junior debt and mezzanine lending is scary right now, where ABL lenders are focused and how Tiger is relying more on data and experience for appraisals.
With acquisition financing provided by Tiger Capital Group, the brand-investment platform Go Global Retail has completed its purchase of digitally native fashion retailer ModCloth from Walmart Stores.
Jeff Tanenbaum rejoined asset disposition solutions provider GA Global Partners as president. He will be based in the firm’s headquarters in Calabasas, CA.
Excessive debt continues to be an underappreciated factor in the demise of many retail chains, writes Bradley W. Snyder, a Tiger Capital Group executive managing director, in the weekly newsletter of Mann Publications’ Fashion Mannuscript magazine.
Great American Group, in a joint venture with Tiger Capital Group, will operate the store closing sales at all Payless ShoeSource locations in the United States and Puerto Rico.