US investment firm acquire LDF Group
| La Salle can reveal that Flintshire-headquartered LDF Group, whospecialises in independent business financing have been acquired by Californian-based White Oak Global Advisors.
Business acquired: LDF Group Activities: Established in 1986, the LDF Group is a well established funder and credit broker to UK businesses. The company operate from offices in Southampton, London, Manchester, Ewloe and Stewarton. Their aims are to provide their clients with the right finance solutions for their needs. ---------------- Purchaser: White Oak (San Fransisco, USA) Activities:White Oak offer flexible and efficient capital to businesses throughout their 'individual life-cycle' across various industries with over a dozen types of lending products including term debt, working capital and equipment financings. ---------------- Additional info: Andre Hakkak, chief executive of White Oak, said: 'Europe represents a large opportunity for White Oak and we are excited to grow our presence and activity in the region by welcoming LDF into the White Oak family. 'LDF has been on an incredible growth trajectory, completing more than £500m of financing to small businesses across the UK in 2017 alone, and we are confident that the business will continue to grow with the backing of White Oak.' Peter Alderson, managing director of LDF, added: 'LDF will continue to provide the same level of support and service to its clients under the same model, now backed by more resources to deliver more financing, products and opportunities to entrepreneurs and small businesses throughout the UK. 'It also gives us the opportunity to look to the wider European market to develop our reach and presence. We are delighted to have found in White Oak a partner that shares our values and our keen focus on client success.' |
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