M&A Deal Summary

Tygris Commercial Finance Group Acquires Tygris Vendor Finance

On May 29, 2008, Tygris Commercial Finance Group acquired financial services company Tygris Vendor Finance from American Capital and aPriori Capital Partners

Acquisition Highlights
  • This is Tygris Commercial Finance Group’s 1st transaction in the Financial Services sector.
  • This is Tygris Commercial Finance Group’s 1st transaction in the United States.
  • This is Tygris Commercial Finance Group’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2008-05-29
Target Tygris Vendor Finance
Sector Financial Services
Buyer(s) Tygris Commercial Finance Group
Sellers(s) American Capital
aPriori Capital Partners
Deal Type Add-on Acquisition

Target

Tygris Vendor Finance

Parsippany, New Jersey, United States
Tygris Vendor Finance, Inc., (Formerly US Express Leasing, Inc. (USXL) is an independent equipment leasing company that provides financing to the healthcare, technology, office products, graphic arts and commercial and industrial equipment markets.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Tygris Commercial Finance Group

Parsippany, New Jersey, United States

Category Company
Founded 2008
Sector Financial Services
DESCRIPTION

Tygris Commercial Finance Group is a commercial finance and leasing company. Tygris Commercial Finance Group was founded in 2008 and is based in Parsippany, New Jersey.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 2

SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 88 of 194
Sector: Financial Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 44 of 87
State: New Jersey M&A 4 of 6
Country: United States M&A 87 of 186
Year: 2008 M&A 9 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-19 Core Financial Group

Dallas, Texas, United States

Core Financial Group is a diversified commercial finance company providing working capital and term loan financing to middle market companies through Core Business Credit, senior and subordinated financing to venture stage companies through Velocity Financial Group, and financing for independent feature films through Oceana Media Finance. Core Financial Group is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 DanChem

Danville, Virginia, United States

DanChem is a custom manufacturer (toller) of fine and specialty chemical products providing capacity and technical support to major companies on a national and global scale. DanChem’s unique manufacturing technologies and flexibility enable to meet challenging customer needs within various end markets to include paints and coatings; fibers and textiles; agrochemicals; adhesives and sealants; performance polymers; additives; bio-based and renewable chemicals; water treatment; transportation; lubricants; personal care products; and pharmaceutical intermediates. DanChem was founded in 1960 and is based in Danville, Virginia.

Sell -
SELLER

aPriori Capital Partners

Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

aPriori Capital Partners (formerly DLJ Merchant Banking Partners) is a middle-market private equity firm focused on middle-market buyouts in the US and Europe. Sectors of interest include healthcare, retail, consumer, energy, business services, and industrial. aPriori was originally established in 1985 and has offices in New York and Los Angeles.


DEAL STATS #
Overall 25 of 51
Sector: Financial Services M&A 1 of 5
Type: Add-on Acquisition M&A Deals 11 of 22
State: New Jersey M&A 3 of 3
Country: United States M&A 21 of 38
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 EverBank

Jacksonville, Florida, United States

EverBank provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country. EverBank is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-16 Guala Closures

Alessandria, Italy

Guala Closures is a manufacturer of spirits and wine closures through operating in 5 continents with 27 production sites and has a commercial presence in over 100 countries; about 90% of the group's turnover is generated outside of Italy. Guala Closures was founded in 1954 and is based in Alessandria, Italy.

Buy €600M