White Oak Commercial Finance, an affiliate of White Oak Global Advisors, added Brandon Hodges as managing director of originations. Hodges will be based in Los Angeles with national ABL and lender finance originations responsibilities and will report to vice chairman Andy McGhee.
White Oak Commercial Finance expanded its retail offering with the formation of its national retail finance group to meet the growing demand for custom funding solutions by retail companies pivoting their business models to meet fast-changing market trends.
White Oak Commercial Finance hired Garrick Tan, Fridolf Hanson and Bill Kearney as senior business development officers to its ABL and lender finance platform. In their roles, Tan, Hanson and Kearney will focus on sourcing transactions with committed capital needs ranging from $15 million to $250 million.
White Oak Commercial Finance funded more than $600 million in credit facilities in 2019 and more than $300 million year-to-date to diversified enterprises in North America, the UK, Europe and Australia.
Andy McGhee, Susan Hall and Neal Mulford joined White Oak Commercial Finance to further expand the firm’s asset-based lending and lender finance capabilities. The trio most recently originated, deployed and managed the ABL portfolio at AloStar Capital Finance.
The acquisition of Fenix Parts by Stellex Capital Management has been recognized as the “Out-of-Court Restructuring of the Year” in the under $100 million category in the 13th Annual Turnaround Awards by The M&A Advisor.
AloStar Capital Finance has added Jonathan Schuster to its new business origination team. Based in the Los Angeles office, Schuster will be responsible for sourcing both asset-based and lender finance deals for the West Region.
AloStar Capital Finance agented and closed a $20 million credit facility to support the recent acquisition of Fenix Parts by Stellex Capital Management, a middle market private equity firm.
AloStar Capital Finance, Fenix Parts, Stellex Capital Management, Andy McGhee
AloStar Capital Finance closed an $11.8 million committed credit facility for American-Marsh Pumps, a supplier and manufacturer specializing in pumping applications.
AloStar Capital Finance agented a $50 million committed credit facility for KCAP Financial, a publicly traded business development company.