CG Commercial Finance (CGCF) has completed a transaction selling all of the outstanding stock of the company to funds managed by Atalaya Capital Management LP. The transaction represents an important milestone in CGCF’s long-term growth strategy establishing the capital resources to exponentially grow its originations platform, increase its funding capacity and expand its third-party buy desk, referral and syndication program.

“As CGCF and Atalaya have worked closely in the past funding large ticket, complex transactions, we are excited to be able to complete this transaction and join forces with the team at Atalaya. With the capitalization provided by Atalaya, in addition to our strategic partnerships and our existing warehouse facility, CGCF is well positioned to fill the financing gap that exists for middle market companies due to the bank regulatory environment and the exit of key players from the market,” said W. Scott McCullum, president of CG Commercial Finance.

Atalaya has invested in a wide range of equipment leasing transactions throughout its history including acquisitions from the FDIC and banks as well as origination directly and through partners. “The acquisition of an established equipment finance structuring and originations platform expands our capabilities. We are pleased to partner with CGCF’s experienced team to build a premier equipment leasing business,” said Rana Mitra, managing director, Atalaya Capital Management LP.

CGCF is a domestic and international financier of equipment and industrial projects related to the growth, expansion and efficiency initiatives of large corporations. CGCF delivers highly customized lease and financing solutions to meet complex operational, accounting, and treasury requirements. Projects typically range from $1 million to $300 million in cost and include diverse assets such as transportation (titled vehicles, air, rail and marine, among others), industrial plants (manufacturing, food processing and assembly), distribution centers, material handling, mining, energy and technology assets.

Atalaya is a privately held, SEC-registered, alternative investment advisory firm. Atalaya focuses on making opportunistic credit and special situation investments in three principal asset classes – real estate, corporate and specialty finance. Founded in 2006, Atalaya is headquartered in New York City and has more than $2 billion in assets under management.