White Oak Global Advisors LLC has acquired Capital Business Credit LLC, a commercial finance company that provides asset-based loans, factoring and trade finance products to small and middle-market companies.
As part of the deal, White Oak bought Capital Business Credit's existing loan portfolio, which consists of more than $300 million of assets employed. The 80 members of Capital Business Credit will join White Oak, along with Capital Business Credit's office locations in New York; Charlotte, N.C.; Fort Lauderdale, Fla.; Los Angeles; Hong Kong; and Shanghai. The companies' combined platform will be able to provide asset-based loans, factoring and trade finance credit facilities from $1 million to $100 million to underserved middle-market companies.
Houlihan Lokey served as exclusive financial adviser to Capital Business Credit on the deal.