Capital Business Credit has been renamed White Oak Commercial Finance.White Oak Commercial Finance continues to provide asset-based loans, factoring and trade finance facilities between $1 million to $100 million for small and middle-market firms. Capital Business had been part of Richard Perry’s hedge fund empire for over a decade, but was put up for sale when Perry moved to close his hedge fund in September. CBC was acquired by White Oak Global Advisors in December 2016. The combined entity has provided more than $7 billion to over 500 companies, White Oak said. At the time of the transaction, CBC had over $300 million in loans out.Andre Hakkak, chief executive officer of White Oak, said the firm's new platform “provides a greater number of companies with access to more capital and services than previously offered by either White Oak or CBC individually.”Tom Otte, formerly managing director and partner of White Oak Asset Based Lending, has become chairman of White Oak Commercial Finance. Otte said White Oak acquired CBC to “expand the breadth and depth of White Oak’s platform offerings and to reach the lower end of the middle market.”Andrew Tananbaum, who was executive chairman of CBC, continues with the operation and has become executive chairman of White Oak Commercial Finance. Robert Grbic, who was president and ceo of CBC, now holds those same positions at White Oak Commercial Finance.Tananbaum said, “White Oak Commercial Finance is positioned to provide a very broad offering of customized credit products and services to the ever-changing needs of small- and middle-market businesses.”More From WWD:Guess’ Paul Marciano Gets 40% Pay BumpAdidas Maintains Momentum in First QuarterRetail Employment Sagged Despite U.S. Job Gains
@moncler unveiled its latest project, #MonclerGenius, yesterday at Milan Fashion Week. The Italian outwear maker gave show-goers a preview of the monthly collections – which were created by eight designers and creative talents including Pierpaolo Piccioli, Simone Rocha, Craig Green and more – that will start rolling out in the summer.
In honor of Rihanna’s 30th birthday, we took a look back at an interview with the Barbados-native when she was just 18 years old. Here, she talked about her second album, “A Girl Like Me” in 2006. “I want to be me. I want people to fall in love with who Rihanna is, and that’s why I want the album to be about me so people can really find out who this girl Rihanna is, because they only know the ‘Pon de Replay’ girl.” Fast forward 12 years, and she’s released six more albums and has become a powerhouse in both the fashion and music industries. Happy birthday, @badgalriri 🎈(📷: Pavel Antonov) #wwdarchive