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
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
"We formed Formation several years ago to really address the need for bring complete modernization and software-defined storage to the more classic private cloud marketplace," stated Mark Lewis, Chairman and CEO of Formation Data Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components. In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.