White Oak Global Advisors has completed the acquisition of Finacity Corporation, a working capital and trade finance funding solutions provider. Finacity is headquartered in Stamford, Connecticut and will be rebranded as White Oak Finacity.
Andre Hakkak, CEO of White Oak Global Advisors, said, “We are delighted to be welcoming Finacity to the White Oak family. Finacity is a market leader and there are significant synergies between their work and the work we are already doing at White Oak. This acquisition further demonstrates White Oak’s commitment to being a leading global player in asset-backed capital solutions which is 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 cost-effective will provide significant advantage to our clients. We look forward to working closely with Adrian and the team at Finacity as we embark on this new partnership.”
Adrian Katz, CEO of Finacity Corporation, said, “Everyone at Finacity is excited to be starting this new chapter of our story as part of White Oak. We have known the leadership at White Oak for a long time and are convinced that this move is absolutely the right one to enable Finacity to thrive. I am particularly excited about the new opportunities that collaboration with White Oak will open up through the combination of our market expertise and global scale.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.