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Atalaya Capital Management exits investment in SAILS

Atalaya Capital Management (Atalaya), an alternative asset manager focused on private credit and special opportunities investments, has successfully exited its investment in The SAILS Group (SAILS), provider of residential care homes and other high touch treatment for behaviourally challenged clients, and Patterns Behavioral Services (Patterns), a 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 complimentary 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 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.

“What Ihab Shahawi and Vivian El Shahawi built, first in SAILS and then in Patterns, is truly impressive,” says Matthew Spiro, Managing Director at Atalaya. “Their commitment to providing outstanding clinical outcomes and acute focus on delivering services to a larger community in deep need sparked our excitement to partner with them. We are thrilled to see this vision continue forward under their leadership and, with SAILS’s merger into Redwood Family Care Network, the chance for Ihab and Vivian’s approach to improve even more people’s lives through continued growth.”

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