White Oak Commercial Finance provided an $81 million asset-based credit facility to the Aspire 42 group of companies, which are majority owned by Moss Ridge, a Sydney, Australia-based family office that manages a portfolio of holdings across public and private markets.
“We are very pleased to partner with Moss Ridge and the Aspire 42 team in providing a bespoke acquisition facility and look forward to working with the company through the next phase of its growth and beyond,” Kenneth Pereira, managing director of ABL for White Oak Commercial Finance, said.
White Oak Commercial Finance further broadened its global presence and industry scope through this recent facility, which enabled Moss Ridge to expand its specialty finance platform through the acquisition of a $100 million lease portfolio.
“The team at White Oak has developed a deep understanding of our business and we look forward to working with them going forward,” Wayne Richardson, managing director of Aspire 42, said. “During a volatile time in the global markets, we appreciated White Oak’s commitment and partnership, and we’re very optimistic that our relationship will develop in the years ahead.”
White Oak Commercial Finance is a global financial products and services company providing asset-based lending, full-service factoring, invoice discounting, government contract financing, supply chain financing, inventory financing, U.S. import/export financing, trade credit risk management, account receivables management and credit and collections support.