White Oak Global Advisors has rebranded a recent acquisition as White Oak Commercial Finance.
In December 2016 White Oak Global Advisors acquired specialty finance lender Capital Business Credit (CBC), a provider of asset-based loans, factoring and trade products.
“The White Oak Commercial Finance platform will provide asset-based loans, equipment financing, factoring, working capital solutions and credit services, ranging from $1 to $100 million, to small and middle-market companies,” White Oak CEO Andre Hakkak said. “This provides a greater number of companies with access to more capital and more services than offered by either White Oak or CBC individually.”
“White Oak has served small to middle-market enterprises by providing diversified credit products and services for the past 10 years,” White Oak Commercial Finance chairman Tom Otte said. “CBC was acquired to expand the breadth and depth of White Oak’s platform offerings and to reach the lower end of the middle market.”
Mr. Otte also cited CBC’s management and their successful record in factoring, asset-based lending and trade finance.
Former CBC executive Robert Grbic is White Oak Commercial Finance’s president and CEO, while Andrew Tananbaum is executive chairman. White Oak and affiliates have offices in San Francisco, New York, Denver, Atlanta, Chicago, Los Angeles, Charlotte, Fort Lauderdale, Shanghai and Hong Kong.
The combined White Oak companies have provided more than $7 billion to more than 500 companies.