Andre Hakkak's White Oak Global Advisors grants a $21.3 million credit facility to the reputable single-stream recycling and waste-disposal company, Omni Recycling. The transaction coincides with Salt Creek Capital’s acquisition of the recycling company.
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."
Credit Offerings Into the Commercial Real Estate Sector. “We have strong conviction in the plethora of complementary opportunities that the commercial real estate space will provide to White Oak’s clients. Pairing Eric’s experience with the full backing of White Oak’s lending platform differentiates us in the marketplace and positions us for success,” said Andre Hakkak, CEO and Co-founder of White Oak.
Andre Hakkak, CEO and Co-founder of White Oak Global Advisors, added: “Undoubtedly, it has been a challenging time for our customers around the world, and we’re proud to have provided this crucial CBILS funding to SMEs around the UK...As a firm, we have supported UK businesses for over 30 years, and we look forward to continuing our partnerships with businesses across the country.”
Such lofty prices can also lead to excessive risk taking, said Andre Hakkak, chief executive officer of White Oak Global Advisors LLC, which makes private loans to below-investment-grade companies. Signs of weakness emerged in the SPAC market recently as the pace of new deals slowed and share prices fell over concerns the market was overheating. “There’s an oversaturation of SPACs right now,” Mr. Hakkak said. “It reminds you of when people bought multiple homes with no money down before the mortgage crisis.”
