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Tiger Finance Helps Fund Nogin s Acquisition of ModCloth
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NEW YORK, May 5, 2021 /PRNewswire/ Tiger Finance, an affiliate of Tiger Group today announced that it provided financing to support the April 2021 acquisition of digitally native fashion retailer ModCloth by Nogin, the market leader in outsourced e-commerce for major fashion and consumer product companies.
Tiger provided a $6 million term loan to Nogin to help fund its purchase of the ModCloth assets from brand investment platform Go Global Retail for an undisclosed sum. Additionally, Tiger Valuation Services is providing inventory analytics support to Nogin.