Asset management and financial services firm Tiger Group has launched an investment banking division focused on distressed assets and special-situations transactions.
The new division will advise lenders, businesses, restructuring consultants and other stakeholders on mergers and acquisitions and capital-raising transactions involving distressed assets, including equipment, according to a Feb. 4 Tiger Group release.
The investment banking division expands Tiger Group’s advisory, finance and asset-monetization services, offering alternatives for clients seeking outcomes beyond liquidation.
Jamie Lisac will lead the division as group head and senior managing director. He previously led special situations investment banking groups at Capstone Partners and previously at Huron Consulting Group, according to the release.
The new division comes amid ongoing distress in equipment industries such as trucking and agriculture.
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