News – Page 3 – Tiger Group

Francesca’s Acquires Los Angeles Brand Richer Poorer

Francesca’s Acquires Los Angeles Brand Richer Poorer
Specialty fashion retailer, Francesca’s announced on Tuesday the acquisition of California-based wardrobe essentials brand, Richer Poorer.

The Houston-based company, which operates the Francesca’s and Franki by Francesca’s stores, said the acquisition will place Richer Poorer under the Francesca’s Acquisition LLC umbrella as a wholly owned subsidiary. Financial terms of the deal were not disclosed.

The Richer Poorer buyout signals a shift in […]

By Delphine Thierry

Asset-Based Lending Sector Needs to Embrace Data and AI

Asset-Based Lending Sector Needs to Embrace Data and AI
Adjusting to more complex datasets should be a top priority in asset-based lending now that AI is set to become a bigger factor in borrower health, advises Tiger Group Executive Managing Director Bradley W. Snyder.

In an April 5 Industry Insights column for ABL Advisor (“What Asset-Based Lending Can Learn from AI in the Grocery Sector”), Snyder points to OpenAI’s bombshell […]

By Delphine Thierry

Industrial / News

Online Auction Features Live Event and Entertainment Production Rental Gear from North American Leader PRG

Online Auction Features Live Event and Entertainment Production Rental Gear from North American Leader PRG
April 18 sale by Tiger Group features more than 600 lots of professional entertainment production gear with all items auctioned directly from the PRG depot in Van Nuys, California

LOS ANGELES, April 13, 2023 /PRNewswire/ — On April 18 Tiger Group will conduct an online auction offering a wide array of professional entertainment production gear from the rental inventories […]

By Tiger Group

Industrial / News

Transit Vans, Power Gurneys and Stair Chairs Available in April 20 Tiger Group Auction

Transit Vans, Power Gurneys and Stair Chairs Available in April 20 Tiger Group Auction
Timed, online auction features late-model ambulances from a major medical transportation company

EL MONTE, Calif., April 10, 2023 /PRNewswire/ — Medical transportation providers can expand their operations by acquiring late-model ambulances, power gurneys and stair chairs in an April 20 online auction by Tiger Group.

Bidding in the timed, online auction at SoldTiger.com opens on Thursday, April 13, at 10:30 a.m. (PT) and is set to […]

By Tiger Group

Industrial / News

Online Auction Features Digital Cameras, Lenses, Filters and Other Production-Quality Audiovisual Gear

Online Auction Features Digital Cameras, Lenses, Filters and Other Production-Quality Audiovisual Gear
Tiger Group to conduct April 11 auction on behalf of two major production rental companies.

LOS ANGELES – March 30, 2023 — On April 11 an online auction by Tiger Group provides an opportunity to acquire pro-grade audio-visual gear from a major North American production rental company and prestigious Keslow Camera, including equipment by the […]

By Delphine Thierry

Corporate / Industrial / News / Retail

David A. Spehar Joins Tiger Group as Associate Director of Field Operations

David A. Spehar Joins Tiger Group as Associate Director of Field Operations
Longtime Tiger consultant brings 30 years of appraisal and disposition experience

New York – March 2, 2023 — David A. Spehar, a 30-year appraisal and disposition veteran whose work has encompassed over 350 companies and thousands of retail stores across North America, has joined Tiger Group as associate director of Field Operations.

Spehar’s new role includes […]

By Delphine Thierry

Finance / News / Retail

Tiger Finance, Merchant Financial Group Provide $38MM in Growth Capital to Apparel Brand Arctix

Tiger Finance, Merchant Financial Group Provide $38MM in Growth Capital to Apparel Brand Arctix
Tiger Finance and Merchant Financial Group are partnering to provide $38 million in growth capital to Alpha 6 Distributions, creator of the Arctix winter apparel brand.

As the primary lender to Alpha 6, Merchant Financial Group tapped Tiger Finance to provide an additional $15.2 million in growth capital for the manufacturer, based in Locust Valley, NY. […]

By Tiger Group

News / Retail

Substantial Discounts Available at Sears Hometown Store-Closing Sales Across the United States

Substantial Discounts Available at Sears Hometown Store-Closing Sales Across the United States
More than 100 dealer-run stores wind down operations in 36 states, offering approximately $40 million in inventory including riding lawnmowers, washers, dryers, refrigerators, power tools and much more

HOFFMAN ESTATES, Ill., Dec. 26, 2022 /PRNewswire/ — Liquidation sales are underway at 115 Sears Hometown stores across 36 states and Puerto Rico—an opportunity for shoppers to find discounts on name-brand home […]

By Delphine Thierry

Read more about the article White Oak, Tiger Finance Provide $90MM Asset-Based Loan to Support TerraMar Capital’s Acquisition of U.S. Metals Distributor

Finance / News

White Oak, Tiger Finance Provide $90MM Asset-Based Loan to Support TerraMar Capital’s Acquisition of U.S. Metals Distributor

White Oak, Tiger Finance Provide $90MM Asset-Based Loan to Support TerraMar Capital’s Acquisition of U.S. Metals Distributor
White Oak Commercial Finance, an affiliate of White Oak Global Advisors, LLC, provided a $80 million revolver to a Midwest-based distributor and value-added service provider of specialty metal products with operations throughout the United States. Additionally, Tiger Finance, LLC, a subsidiary of Tiger Capital Group, LLC, provided a $10 million […]

By Delphine Thierry

Finance / News

Tiger Finance Provides $20 Million Credit Facility to Pilot Wave E-Commerce

Tiger Finance Provides $20 Million Credit Facility to Pilot Wave E-Commerce
Strategic financing fuels growth of Pilot Wave E-Commerce Holdings—the latest Tiger borrower leveraging the Amazon platform

NEW YORK – November 29, 2022 –Tiger Finance, LLC and Pilot Wave E-Commerce Holdings, LLC (PWE) have closed on a flexible, $20 million credit facility — providing working capital to support PWE’s data-driven approach to acquiring, operating, and scaling ecommerce […]

By Tiger Group