PE Firm Falfurrias Unloads Stake In Equipment Finance Co.

Law360, New York (May 11, 2012, 7:09 PM EDT) -- Falfurrias Capital Partners has sold its controlling interest in Commercial Credit Group Inc. to financial services private equity firm Lovell Minnick Partners, Falfurrias said in a statement Thursday.

The Charlotte, N.C.-based private equity firm said the sale represented its ability to help Commercial Credit, an equipment finance and leasing company, obtain necessary capital while maintaining its own financial stability in a difficult market.

“We were able to provide capital to [Commercial Credit] during a time when most investors were shying away from the commercial lending market,”...
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