White Oak Global Advisors (“White Oak”) today announced it has provided a $17 million senior secured loan to a global cloud-based software and services company (the “Company”). The investment will support the Company’s recapitalization and provide additional liquidity to fund continued growth and product development initiatives.
“White Oak is proud to partner with a company whose privacy-first solutions align with the growing global demand for secure and customizable digital infrastructure,” said Darius Mozaffarian, Managing Partner and President of White Oak Global Advisors. “We have strong conviction in the Company’s business model and recurring-revenue foundation, and we look forward to supporting their next phase of growth.”
The recapitalization positions the Company for continued growth as it advances product development efforts. Its business units remain trusted collaboration solutions for governments, telecommunications providers and enterprises worldwide.
About White Oak Global Advisors
White Oak Global Advisors, LLC (“WOGA”) is an alternative debt manager specializing in originating and providing financing solutions to support small and middle market enterprises at every stage of their lifecycle. WOGA and its financing affiliates provide over twenty lending products to the market that include term, asset-based, and equipment loans. Since its inception in 2007, WOGA and its affiliates have deployed over $11 billion while establishing long-term partnerships with borrowers. The firm and its affiliates have offices and personnel throughout the US, UK, and Australia. More information can be found at www.whiteoaksf.com.
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Contacts
Jake Forrestal
Prosek Partners (on behalf of White Oak Global Advisors)
pro-whiteoak@prosek.com