NEW YORK, March 21, 2022–(BUSINESS WIRE)–White Oak Global Advisors, LLC, (“White Oak”) announced that it has provided a $40 million term loan to Solace Capital Partners to support its acquisition of Sun Mountain Sports. Additionally, White Oak Commercial Finance, LLC, a subsidiary of WOGA, provided a $10 million ABL credit revolver to help meet Sun Mountain’s ongoing working capital needs.
Solace Capital Partners is a Los Angeles-based private equity firm that provides flexible debt and equity solutions to established lower middle market companies. Solace seeks to leverage its extensive expertise to provide financial stability, drive operational improvements and drive growth in the performance of its portfolio companies while generating attractive risk-adjusted returns for its investors.
Sun Mountain Sports is a golf equipment manufacturer based in Missoula, Montana. Founded in 1981, the company is known for its innovation in designing performance golf bags, carts and outdoor apparel.
“We are proud to support the acquisition of this venerable company, and it was a pleasure to work with the management team at Solace Capital Partners to develop a customized solution to achieve both short and long term growth objectives. of the company,” said the vice president of White Oak. President Mark Pilja.
White Oak is dedicated to helping middle-market companies at every stage of their business optimize their capital structure based on available assets and cash flow through our comprehensive product suite, hands-on advisory lending approach, and ability to meet capital requirements ranging from $5 million to $200. million.
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in creating and delivering financing solutions to facilitate the growth, refinancing and recapitalization of small and medium-sized businesses. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process has focused on delivering risk-adjusted investment returns and building long-term partnerships with our borrowers. For more information, visit www.whiteoaksf.com.
About White Oak Commercial Finance, LLC
White Oak Commercial Finance, LLC (WOCF) is a global financial products and services company that provides credit facilities to businesses at every stage of their growth. WOCF’s solutions include asset-based lending, full-service factoring, lender financing, invoice discounting, government contract financing, supply chain financing, inventory financing, US Import/Export, Trade Credit Risk Management, Accounts Receivable Management, and Credit and Collections Support. The company has offices and staff in the United States, United Kingdom and Australia. WOCF is a subsidiary of White Oak Global Advisors, LLC and its institutional clients. More information can be found at www.whiteoaksf.com/commercialfinance.
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Prosek Partners (on behalf of White Oak Global Advisors)