White Oak Partners with C2FO on New Venture

SAN FRANCISCO, April 12, 2018 -- White Oak Global Advisors, LLC on behalf of its institutional clients (collectively “White Oak” or the “Company”), announced today that it has partnered with C2FO, the world’s largest market for working capital, to offer new and innovative receivable financing options to C2FO’s extensive network of businesses throughout the U.S.

Established in 2008, C2FO is an industry leader in true dynamic discounting for businesses around the world. The C2FO “Name your rate®” model lets businesses improve cash flow by offering their customers a discount they determine in exchange for early payment of invoices.

With the White Oak partnership, C2FO can provide businesses access to additional funding options when early payment is not available from out-of-network customers. In addition to this new partnership with White Oak, C2FO also provides the ability for in-network companies to toggle between using their own cash and/or third-party cash to fund early payment to their supplier partners.

“C2FO combines best-in-class working capital marketplace technology with a global business network,” said White Oak CEO, Andre Hakkak.  “We are excited to partner with them. Through this joint opportunity, more businesses will have access to additional working capital financing options, while investors will be provided with attractive risk-adjusted returns,” Hakkak added.

"C2FO is a network where any business can access the lowest cost and most convenient source of working capital in one place,” says C2FO Founder and CEO Sandy Kemper. “Our unique model is now more disruptive with the addition of White Oak, our first institutional funding partner.”

With White Oak acting as a primary source of capital, the new venture will leverage the core competencies of both White Oak and C2FO to bring receivables financing innovation to more U.S. businesses. 

About White Oak Global Advisors, LLC

White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing credit financing solutions to facilitate the growth, acquisitions, refinancings and recapitalizations of small- and medium-size enterprises.  With over $7 billion of capital invested in over 500 companies, White Oak and its affiliates provide small- and medium-size enterprises with term loans, asset-based lending, invoice factoring, trade finance, equipment financing and treasury management.  Since its inception in 2007, White Oak’s disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with its borrowers.  More information can be found at www.whiteoaksf.com

About C2FO

C2FO is the largest working capital marketplace in the world. Companies across the globe use C2FO to improve their financial position every day. C2FO is a leader in retail, industrial, manufacturing, energy, healthcare, technology, telecom and transportation sectors. Learn more about Collaborative Cash Flow Optimization at https://www.c2fo.com

Contact

Jonathan Setiabrata
Investor Relations
[email protected]