Tygris Commercial Finance Group, Inc. is a leading middle market corporate finance and equipment leasing company, formed in May 2008, to provide liquidity and growth capital to middle market companies throughout North America in response to the unprecedented 2007 - 2008 credit market dislocation. With over $1.75 billion in equity commitments upon inception - the largest initial capital raise ever in the U.S. commercial finance sector - Tygris is believed to rank with GE and CIT as one of the three best capitalized independent (i.e. non-bank, non-captive) industry players. The Company is led by industry executives drawn from leadership positions inside CIT, GE Capital, and Heller.
Tygris focuses on three commercial finance lines of business: middle market equipment leasing and asset finance, small ticket leasing, and corporate finance with an emphasis on providing senior secured loans to healthy middle market companies. Upon formation, Tygris entered into agreements to acquire two platform businesses: US Express Leasing Inc., a small-ticket leasing company headquartered in Parsippany, NJ, and MarCap LLC, a middle market healthcare equipment finance company headquartered in Chicago.
New Mountain identified the commercial finance sector and Tygris as part of a proactive focus on financial services which began several years prior to its investment, and included the evaluation of numerous credit market and commercial finance opportunities since the onset of the credit contraction in mid-2007. Due to the Fund's preparation in Tygris' space, and due to New Mountain's reputation and relationships generally, the Fund was invited to be a lead sponsor of Tygris on an exclusive, negotiated basis and without an auction. In addition to New Mountain, lead sponsors include Aquiline Capital Partners, which played a key role in forming the new entity, and TPG Capital.
In February 2010, Tygris completed a merger with EverBank Financial Corp., ("EverBank") in a stock for stock transaction. EverBank is a privately-held thrift holding company headquartered in Jacksonville, Florida. The merger provides EverBank with substantial growth capital to continue to offer high-credit-quality residential loans, retail deposit products and specialized financing as well as pursue other strategic acquisition opportunities.
www.tygriscfg.com | 
