EverBank Buying Tygris Commercial Finance
EverBank Financial Corp., a Jacksonville, Fla.-based financial services firm, has agreed to acquire Tygris Commercial Finance Group, a commercial finance and leasing company. The stock-for-stock transaction is expected to increase EverBank's capital base by about $470 million. EverBank has raised approximately $100 million in private equity funding from Sageview Capital. Tygris was formed in 2007 with more than $1.75 billion in equity commitments from Aquiline Capital Partners, New Mountain Capital, TPG Capital, Diamond Castle Holdings and Hamilton Lane.
23 October 2009•2 mins read
