LDF officially rebranded White Oak UK30/07/2018
LDF Group (“LDF”), one of the UK’s largest alternative providers of SME finance, has announced its official rebrand to White Oak UK. The acquisition was completed on 30 June 2018 by White Oak Global Advisors, LLC on behalf of its clients, in a move which strengthens White Oak UK’s position as a leading independent finance provider.
Building on the firm’s 30-year heritage, White Oak UK is excited to use the rebrand as an opportunity to reinforce its vision of significantly developing lending levels to UK smaller businesses, who still struggle when trying to access finance for their businesses.
Coupled with a new focus on expanding operations to provide fast and convenient business finance to larger, middle-market companies across the UK, the rebrand draws on the wider group’s proven experience in mid-market solutions, providing White Oak UK with the means to introduce a number of new objectives into its overall offering.
Peter Alderson, Managing Director of White Oak UK, said, “There’s still a real gap in the availability of lending to SMEs across the UK and this can 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 who are looking for simple access to finance and an improved speed of service.”
Over the past four years White Oak UK, whose main office is based outside Chester, provided over £1 billion in funding to UK entrepreneurs and business owners, lending a total of £511 million in 2017 – a 32pct rise on the previous year. Now, as part of the White Oak family, this growth trajectory is set to continue at a time when UK SMEs require greater access to working capital.
Andre Hakkak, White Oak CEO, commented, “We are confident that White Oak UK will continue to expand and having recently broken the £1 billion 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 16 July, has no impact on existing agreements. White Oak UK will continue to provide customers both existing and new, with the same high level of service that has become synonymous with the business.