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Atalaya exits investment in SAILS and Patterns

Wednesday, August 04, 2021
Opalesque Industry Update - Atalaya Capital Management LP, an alternative asset manager focused on private credit and special opportunities investments, has exited its investment in The SAILS Group, Inc., a provider of residential care homes and other high touch treatment for behaviorally challenged clients, and Patterns Behavioral Services, Inc., a national provider of comprehensive services for children and adults diagnosed with autism and other developmental disabilities.

Atalaya invested in SAILS in 2016, providing the company with the strategic capital needed to help make transformational acquisitions in complementary businesses in Washington and Kansas, as well as purchase and expand Patterns. Following these important business combinations, Atalaya partnered with SAILS's management team to drive the expansion of the Company's best-in-class clinical capabilities and help to improve their operational and financial results. Today, SAILS operates over 50 homes and residential locations and, with Patterns, serves over 500 clients nationally.

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Atalaya Capital Management LP is a privately held, SEC-registered, alternative investment advisory firm. Atalaya primarily focuses on making private credit and special opportunities investments in three principal asset classes - specialty finance, real estate, and corporate. Founded in 2006, Atalaya is headquartered in New York City and has approximately $6 billion in assets under management.

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