Welcome!

News Feed Item

Tiger Capital Group Announces Launch Of Sydney-Based Firm

-- The new entity is a first for U.S.-based asset advisory and capital solutions firms

SYDNEY, Aug. 11, 2014 /PRNewswire/ -- Tiger Capital Group today announced the launch of an Australian-based venture focused on bringing leading-edge asset advisory, valuation and liquidity services, as well as debt and equity capital, to the Australian marketplace. The launch of Tiger Asset Group marks the first time a U.S. asset advisory firm has established a permanent presence in Australia to offer consulting and capital liquidity services, said Daniel Kane, Tiger Group's Principal and Managing Member.

"Over the past few years, restructuring, advisory, and private equity firms in Australia have been increasingly calling on Tiger for operational and strategic advice on a broad range of retail, wholesale and industrial opportunities," said Kane. "After years of consultation, we have responded to this growing market need by partnering with seasoned, long-established restructuring professionals in Australia."

Tiger Asset Group, which is headquartered in Sydney and plans to open offices across the country, will offer consulting services, formal appraisals, asset disposition services and capital infusions for operating businesses ranging from mining and factory equipment to luxury retail inventories. In addition to providing equity capital and debt financing as needed, the new entity will work to help Australian operators respond to rising competition from ecommerce and the influx of global chains. Appraisals will cover all categories of consumer goods and industrial assets, including machinery and equipment and intellectual property. In addition, Tiger will provide liquidity to businesses with excess or non-productive assets through auction advisory services, lease renegotiations, and wind-down services when needed.

"The Australian marketplace is in the midst of rapid change," noted Damian McCarthy, CEO of Tiger Asset Group and former Executive Director of GraysOnline, the Australian online retailer and auctioneer. McCarthy has more than 23 years of experience as a Chartered Accountant, restructuring professional and director of distressed asset advisory firms.

"As a direct result of rising competition, companies now see an acute need to expand their borrowing bases," he said. "With its multidisciplinary team of experts on the ground in Australia and the support of Tiger's U.S. professionals and financing, Tiger Asset Group is uniquely positioned to help these companies aggressively leverage the value of their underutilized or unproductive assets, including inventory, machinery and equipment, real estate, and intellectual property."

In addition to McCarthy, key Australian executives include another GraysOnline alumnus, Steven Laws, who has 30 years of experience in working with distressed assets, and Fraser Ronald, an experienced restructuring professional, workout banker and financier, who most recently served as Head of Asset Management for GE Capital in Sydney. Ronald has also held senior positions with Grant Thornton LLP and KordaMentha, both major players in the Australian restructuring scene. Bob DeAngelis, Tiger Capital Group Executive Managing Director, will serve as Chairman of the new venture's Board of Directors.

About Tiger Capital Group
Tiger Capital Group provides asset valuation, advisory and disposition services to a broad range of retail, wholesale, and industrial clients. Tiger's seasoned professionals help clients identify the underlying value of assets, monitor asset risk factors and, when needed, provide capital or convert assets to capital quickly and decisively. Tiger operates main offices in Boston, Los Angeles, and New York. To learn more about Tiger, please visit www.TigerGroup.com.

SOURCE Tiger Capital Group, LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...