February 2007 GMAC Commercial Finance Sells Equipment Finance Portfolio to Prudential Capital Group GMAC Commercial Finance LLC (GMAC CF), a wholly-owned subsidiary of GMAC Financial Services, announced today that it completed the cash sale of $607 million of its equipment finance portfolio to Prudential Capital Group, an investment business of Prudential Financial, Inc., (NYSE: PRU). Colonnade Advisors LLC of Chicago, IL served as exclusive financial advisor to GMAC CF in the transaction. GMAC CF determined after a strategic review in the second half of 2006 to focus on its core businesses. The sale of the equipment finance portfolio is a result of that strategic plan. GMAC CF remains … [Read more...]