EverBank to buy Tygris Commercial for $535M (Dealscape

EverBank Financial Corp., a Jacksonville, Fla., thrift and mortgage lender, agreed to buy Tygris Commercial Finance Group Inc., a private equity-backed commercial finance and leasing company, for $535 million in stock and cash, EverBank said Thursday.

Aquiline Capital Partners LLC, New Mountain Capital LLC, TPG Capital and other Tygris stakeholders will swap their stock for $470 million in EverBank equity, a person familiar with the deal said. Moreover, before the merger closes, Tygris will inject $65 million into EverBank.

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NOT A SUBSCRIBER? EverBank to buy Tygris Commercial for $535M Posted on October 23, 2009 2:30 PM EverBank Financial Corp., a Jacksonville, Fla., thrift and mortgage lender, agreed to buy Tygris Commercial Finance Group Inc., a private equity-backed commercial finance and leasing company, for $535 million in stock and cash, EverBank said Thursday. Aquiline Capital Partners LLC, New Mountain Capital LLC, TPG Capital and other Tygris stakeholders will swap their stock for $470 million in EverBank equity, a person familiar with the deal said. Moreover, before the merger closes, Tygris will inject $65 million into EverBank. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 211 company pages related to Lending 147 in-depth reports of PE deals in the Financial Services sector 60 articles related to EverBank Financial Corp. 15 articles related to Tygris Commercial Finance Group Inc. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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