White Oak Global Advisors (âWhite Oakâ) has completed the acquisition of Finacity Corporation (âFinacityâ), a global leader in working capital and trade finance solutions for global businesses.
Finacity creates, structures and places over US $ 100 billion in trade receivables each year with more than 50 leading financial institutions in asset-backed security structures. Finacity has facilitated debt transactions denominated in 58 currencies with debtors in more than 175 countries, making it the largest non-bank trade finance platform in the world.
The deal will see Adrian Katz remain as CEO of Finacity and a significant shareholder, working closely with the management of White Oak Global Advisors. With this acquisition, White Oak and its affiliates will have over 215 asset-based lending professionals offering trade receivable securitization and a variety of ABL products including invoice discounting, factoring, trade finance. , supply chain finance, lender finance and import-export finance.
The acquisition will accelerate White Oak’s conquest of the $ 30 trillion market for asset-based working capital solutions. Finacity will operate as a stand-alone company but will work closely with White Oak in a number of areas where there are synergies, including White Oak deploying institutional capital on the Finacity platform.
White Oak is an SEC registered investment advisor and has over $ 10 billion in assets on the balance sheet. It offers more than 20 loan products, including SME loans, trade finance, equipment leasing, structured finance and other specialized lending solutions for borrowers.
Finacity is headquartered in Stamford, Connecticut and will be renamed White Oak Finacity. White Oak’s interest in acquiring Finacity is long-standing – it predates the company’s initial sale in 2018.
Andre Hakkak, CEO of White Oak Global Advisors, said:
âWe are delighted to welcome Finacity to the White Oak family. Finacity is a market leader and there are significant synergies between their work and the work we already do at White Oak.
âThis acquisition once again demonstrates White Oak’s commitment to being a leading global player in asset-backed capital solutions that are integral to the functioning of the global economy. In particular, Finacity’s experience in making securitization of accounts receivable and consumer assets less complex and more profitable will provide a significant benefit to our clients.
“We look forward to working closely with Adrian and the Finacity team as we embark on this new partnership.”
Adrian Katz, CEO of Finacity Corporation, said:
âEveryone at Finacity is excited to start this new chapter in our history at White Oak. We have known White Oak’s leadership for a long time and are convinced that this decision is absolutely the right one to allow Finacity to thrive.
âI am particularly excited about the new opportunities that collaboration with White Oak will open up through the combination of our market expertise and our global scale. “
About white oak
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in the creation and delivery of financing solutions to facilitate the growth, refinancing and recapitalization of small and medium businesses. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process has focused on generating risk-adjusted investment returns and building long-term partnerships with our borrowers. For more information, visit www.whiteoaksf.com.
Finacity specializes in structuring and delivering effective capital market debt financing programs, vendor and debt financing, safeguard services and program administration. Finacity currently facilitates the financing and administration of an annual debt volume of approximately US $ 100 billion. With resources in the United States, Europe, Latin America and Asia, Finacity operates worldwide with debtors in more than 175 countries. Learn more at www.finacity.com.