White Oak Commercial Finance provided an $8 million credit facility to a global automotive supplier specializing in the designing, engineering and manufacturing of mechatronic systems and lightweight solutions.
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.
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.
Martin F. Efron joined White Oak Commercial Finance as the portfolio manager in New York, serving the Northeast region. Efron previously served as partner and senior vice president at Milberg Factors.
White Oak Commercial Finance it has purchased a portfolio of asset-based loans from Veritas Financial Partners, a Boca Raton, FL based specialty finance company.
Second Avenue Capital Partners and White Oak Commercial Finance have closed on a $16 million asset-backed revolving credit facility for Marolina Outdoor, a Charleston, SC based apparel company.