This comes after LDF Group was acquired by White Oak Global Advisors LLC on behalf of the latter’s clients on 30th June 2018.
Building on the firm’s 30-year heritage, White Oak UK said it was excited to use the rebrand as an opportunity to reinforce its vision of significantly developing lending levels to UK SMEs, which still struggled to access finance for their businesses.
Peter Alderson, managing director at White Oak UK (pictured above), said that there was still a real gap in the availability of lending to SMEs across the UK and this could be a huge barrier for many business owners.
“We are confident that through the increased levels of funding and the enhanced suite of financial products available to us through the wider group, we will be in an even stronger position to drive a positive change for small- and mid-sized businesses, [which] are looking for simple access to finance and an improved speed of service.”
Over the past four years, White Oak UK has provided over £1bn in funding to UK entrepreneurs and business owners.
The firm lent a total of £511m in 2017 – 32% up on the previous year.
Andre Hakkak, CEO at White Oak Global Advisors LLC, added: “As we look to grow our international presence, we are excited to achieve further success and scale in the UK through new working capital products.
“We are confident that White Oak UK will continue to expand and having recently broken the £1bn mark in own book lending, I believe that the business is on track to meet its ambitious goal of increasing its support of UK business finance with the help of the group’s additional backing.”
The rebrand – which came into effect on 16th July – will have no impact on existing agreements.
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