We are delighted to announce LDF Group’s acquisition by US based White Oak Global Advisors, LLC in what will be the first step in expanding their asset-based lending platform to serve clients in the UK and Europe.
“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,” said White Oak CEO, Andre Hakkak. “LDF has been on an incredible growth trajectory, completing over £500 million of financing to small businesses across the U.K. in 2017 alone, and we are confident that the business will continue to grow with the backing of White Oak.”
LDF remain committed to helping UK businesses to thrive through the provision of lease and loan funding and this remains unchanged. LDF will continue to provide the same level of support and service to our clients under the same model, though crucially, this is now backed by increased resources to deliver more financing, products and opportunities to entrepreneurs and small businesses throughout the UK, effectively reinforcing our offering to UK SMEs.
LDF Managing Director, Peter Alderson said:
“While LDF has had a phenomenal growth story over the past 3 years, we are still barely scratching the surface of the opportunities that we see every day through our various channels of interaction with clients.
"White Oak share that view of the market and are willing to invest the capital and expertise to grow this businesses product and geographical reach. They also have product capability in the US that we will be looking to introduce into the UK market and most importantly a common culture and focus on client service. I think the next few years are going to be very exciting.”