As the U.S. changed from a manufacturing to a service-based economy, ABL lenders faced a growing array of challenges, including lending to software companies and coping with rapid hardware obsolescence. Hugh C. Larratt-Smith speaks with key lenders in this industry and learns how lending to technology has changed in the last 40 years.
Bruce Passen, a 40-year veteran of the debt purchasing field, joined Tiger Group as managing director of the company’s newly-formed Tiger Receivables division.
David L. Tepper, a 25-year veteran of the valuation, banking and financial management industries, joined Tiger Group as business development officer for the Western U.S.
Luxury retailer Calypso St. Barth is shuttering all its U.S. stores. Tiger Group and Great American Group will be conducting the going-out-of-business sales at 16 select boutiques in nine states.
International banking and insolvency industry veteran Jeremy R. Halford joined Tiger Group as managing director of the asset valuation, advisory and disposition services firm’s Commercial & Industrial Division.
The Tiger Never Sleeps: As Retail Distress Continues, Tiger Group Provides More Sophisticated Services
The liquidation business has made great strides since Tiger Group opened its doors in 2001. ABF Journal editor Nadine Bonner speaks with Tiger Co-Founder Dan Kane and COO Michael McGrail to discover how two accountants helped build one of the country’s largest, most powerful appraisal and liquidation businesses.
In conjunctions with its recent Chapter 11 filing and court-ordered restructuring, Gymboree intends to close approximately 350 stores, mainly across the Gymboree and Crazy 8 brands. The company is partnering with Tiger Group and Great American Group to manage the closing sales.
Rick L. Barfield, a veteran of the asset-based lending field, has joined Tiger Group as director of Business Development for the asset valuation, advisory and disposition services firm’s Midwest region.
Tiger Group has established a new base of operations in the Southeast by relocating Melissa Coopersmith, managing director, from New York to Atlanta’s Buckhead commercial district.