WOGA

White Oak Deploys Over $1 Billion in 2023 Amidst Record ABL Volume

Retrieved on: 
Monday, February 5, 2024

White Oak Global Advisors, LLC (“WOGA”), a global alternative asset manager that provides senior bank lending products to middle market companies announced that, along with its Financing Affiliates (collectively “White Oak”), it deployed $1.1 billion in capital in 2023.

Key Points: 
  • White Oak Global Advisors, LLC (“WOGA”), a global alternative asset manager that provides senior bank lending products to middle market companies announced that, along with its Financing Affiliates (collectively “White Oak”), it deployed $1.1 billion in capital in 2023.
  • "Last year, our efficient and creative financing solutions continued to meet the needs of our middle market clients.
  • In 2023, as monetary policy and economic challenges caused traditional lenders to decrease their capital deployment, White Oak and other non-bank lenders witnessed a surge in demand, a trend expected to persist into 2024.
  • "White Oak has the flexibility to customize each financing facility to meet the unique needs of our partner companies.

White Oak Commercial Finance Provides $20 Million Facility to Leading Telecommunications Company Supplying Consumers Through the Affordable Connectivity Program

Retrieved on: 
Tuesday, August 8, 2023

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, (“WOGA”) provided a $20 million factoring facility (“Facility”) to a leading telecommunications company.

Key Points: 
  • White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, (“WOGA”) provided a $20 million factoring facility (“Facility”) to a leading telecommunications company.
  • The Facility will allow the company to continue its growth and its supplying of tablets and data to qualified consumers under the Affordable Connectivity Program (ACP).
  • The ACP is a long-term, $14 billion program that seeks to provide internet connectivity to disenfranchised communities.
  • The program, focused on providing affordable, reliable, high-speed broadband connections across the country, has already benefitted 17 million households.

White Oak Deploys Nearly $1.5 Billion in Lending Activity in 2022

Retrieved on: 
Thursday, March 16, 2023

White Oak Global Advisors, LLC, (“WOGA”), a global alternative asset manager providing flexible and secure funding to help businesses grow, today announced that the firm, together with its financing affiliates (collectively “White Oak”), originated $1.4 billion of loan transactions across 60 deals in 2022.

Key Points: 
  • White Oak Global Advisors, LLC, (“WOGA”), a global alternative asset manager providing flexible and secure funding to help businesses grow, today announced that the firm, together with its financing affiliates (collectively “White Oak”), originated $1.4 billion of loan transactions across 60 deals in 2022.
  • “2022 was an exceptional year for White Oak,” said Andre Hakkak, Co-Founder & CEO.
  • A $125 million ABS transaction in which White Oak worked closely with Syco Entertainment Ltd on a flagship securitization of non-scripted TV shows.
  • Finacity Corporation (“Finacity”), a global leader in working capital and trade finance funding solutions that was acquired by White Oak in 2021, also marked 2022 as a record year with $150 billion-plus of receivables financed through White Oak facilities.

White Oak and Tiger Finance Provide $90 Million Asset-Based Loan to Support TerraMar Capital’s Acquisition of US Metals Distributor

Retrieved on: 
Monday, December 19, 2022

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that it has provided a $80 million revolver to a Midwest-based distributor and value-added service provider of specialty metal products with operations throughout the United States (“Company”).

Key Points: 
  • White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that it has provided a $80 million revolver to a Midwest-based distributor and value-added service provider of specialty metal products with operations throughout the United States (“Company”).
  • Additionally, Tiger Finance, LLC, a subsidiary of Tiger Capital Group, LLC, provided a $10 million term loan to the Company.
  • The proceeds were used to support the Company’s working capital growth, and to finance its acquisition by TerraMar Capital LLC (“TerraMar”), a Los Angeles-based investment platform providing debt and equity capital to middle-market businesses.
  • “White Oak’s corporate finance creativity and deep collateral insight were critical to this deal in maximizing the Company’s borrowing capacity,” said Mark Smith, Managing Director at White Oak.

White Oak Healthcare Finance Supports Multi-Site Acquisitions by United Dental Corporation

Retrieved on: 
Thursday, November 10, 2022

White Oak Healthcare Finance, LLC (White Oak or WOHCF) today announced it acted as sole lender and administrative agent of a senior credit facility to United Dental Corporation (UDC or the Company), to finance four acquisitions in Arizona, California, Georgia and Colorado.

Key Points: 
  • White Oak Healthcare Finance, LLC (White Oak or WOHCF) today announced it acted as sole lender and administrative agent of a senior credit facility to United Dental Corporation (UDC or the Company), to finance four acquisitions in Arizona, California, Georgia and Colorado.
  • The dental care industry is large, growing and extremely fragmented, said Ross Eldridge, EVP and Chief Originations Officer at White Oak.
  • It was great to work with White Oak given their deep experience in the dental industry, said Dr. Ray Khouri of UDC.
  • White Oak Healthcare Finance, LLC, an affiliate of White Oak Global Advisors, LLC is a lender to all subsectors within the healthcare industry including healthcare services, pharma and life sciences, medical devices, healthcare technology, healthcare real estate, hospitals and SNFs.

United Dental Corporation Acquires First Wave of High-Performing Practices

Retrieved on: 
Tuesday, November 8, 2022

MIAMI, Nov. 8, 2022 /PRNewswire/ -- United Dental Corporation ("UDC"), a Dental Partnership Organization (DPO) breaking new ground in the U.S., announced its maiden acquisition of 7 high-performing dental practices in 3 targeted markets across the United States.  Financial terms of the transaction were not disclosed.   

Key Points: 
  • Transaction includes 7 clinics located in Georgia, Arizona, and California
    MIAMI, Nov. 8, 2022 /PRNewswire/ -- United Dental Corporation ("UDC"), a Dental Partnership Organization (DPO) breaking new ground in the U.S., announced its maiden acquisition of 7 high-performing dental practices in 3 targeted markets across the United States.
  • UDC's first wave of practices features a mix of specialty and general practice dentists located in key markets in California, Arizona, and Georgia.
  • The practices included in the initial launch were selected to provide specific platform-level specialty and operations support to subsequent waves of acquisitions in UDC's pipeline.
  • We look forward to rapidly scaling UDC as it becomes the premier destination and partner for exceptional dental practices."

White Oak Merchant Partners Supports Syco Entertainment Ltd on First-Of-Its-Kind Securitization of Non-Scripted TV Shows

Retrieved on: 
Friday, November 4, 2022

White Oak Merchant Partners, LLC, (WOMP or the firm), a FINRA registered broker-dealer affiliated with White Oak Global Advisors (WOGA), today announced that the firm worked closely with Syco Entertainment Ltd (Syco), the media production company of television personality, producer and record executive Simon Cowell, on a $125 million ABS transaction.

Key Points: 
  • White Oak Merchant Partners, LLC, (WOMP or the firm), a FINRA registered broker-dealer affiliated with White Oak Global Advisors (WOGA), today announced that the firm worked closely with Syco Entertainment Ltd (Syco), the media production company of television personality, producer and record executive Simon Cowell, on a $125 million ABS transaction.
  • It was a privilege to have worked with the team at Syco on this groundbreaking deal from its inception, said Freddy Boom, Partner & Head of Structured Finance, White Oak Merchant Partners.
  • Andre Hakkak, CEO of White Oak Merchant Partners, said, This innovative transaction is a testament to White Oaks deep expertise in crafting bespoke asset-backed solutions for our corporate clients and delivering strong value to investors.
  • White Oak Merchant Partners, LLC (WOMP) is a FINRA registered broker-dealer and SIPC member.

White Oak Commercial Finance Provides Factoring Facility to Leading Menswear Company to Support Growth Through Seasonal Cyclicality

Retrieved on: 
Wednesday, September 14, 2022

White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced today that the firm has provided a $4 million non-recourse factoring facility to a leading menswear company.

Key Points: 
  • White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced today that the firm has provided a $4 million non-recourse factoring facility to a leading menswear company.
  • In the current economic environment, wholesale companies find themselves carrying more inventory, and subsequently have a greater need for liquidity and working capital, said Ethan Rosenblum, Senior Vice President of Originations at White Oak Commercial Finance.
  • The funds provided by White Oak will be used to support continued growth for the company and provide the liquidity needed to defend against the typical seasonality of the mens apparel business.
  • About White Oak Commercial Finance, LLC
    White Oak Commercial Finance, LLC (WOCF) is a global financial products and services company providing credit facilities to companies across the economy.

White Oak Healthcare Finance Provides Financing to Cascadia Healthcare

Retrieved on: 
Wednesday, August 31, 2022

White Oak Healthcare Finance LLC (White Oak or WOHCF) acted as sole lender and administrative agent on the funding of a $42.3 million asset-based senior credit facility for Cascadia Healthcare, Inc. (Cascadia).

Key Points: 
  • White Oak Healthcare Finance LLC (White Oak or WOHCF) acted as sole lender and administrative agent on the funding of a $42.3 million asset-based senior credit facility for Cascadia Healthcare, Inc. (Cascadia).
  • White Oak provided a flexible and scalable capital solution for our growth plans, said Owen Hammond, CEO of Cascadia.
  • Cascadia Healthcare is a growing post-acute care provider headquartered in Eagle, Idaho.
  • White Oak Healthcare Finance, LLC, an affiliate of White Oak Global Advisors, LLC, is a lender to all subsectors within the healthcare industry including healthcare services, pharma and life sciences, medical devices, healthcare technology, healthcare real estate, hospitals and SNFs.

White Oak Deploys over $1 Billion in Lending Activity In First Half of 2022

Retrieved on: 
Tuesday, August 30, 2022

As an inflationary and rising rate environment set in, the demand for differentiated financing solutions kept pace.

Key Points: 
  • As an inflationary and rising rate environment set in, the demand for differentiated financing solutions kept pace.
  • Our diversified lending products were able to successfully offer solutions tailored to the unique goals and challenges of our borrowers.
  • The first half of 2022 saw traditional bank lenders increasingly distancing themselves from credit risk in a rising rate environment and closing their doors to prospective borrowers.
  • White Oak Global Advisors, LLC (WOGA) is a leading alternative debt manager specializing in originating and providing financing solutions to support small and middle market enterprises at every stage of their lifecycle.