Transaction Overview

Over the past 15 years, OTC Global Holdings (OTCGH) has transformed into a highly technological interdealer brokerage firm focused 100% on global commodity markets, and being named Broker of the Year in 2011, 2016, 2017, 2019, and now 2022. OTCGH has built an unparalleled business model, focusing on the three key operational pillars of high quality execution, unrivaled customer service and innovative technology. OTCGH's portfolio includes nearly 20 of the industry's most powerful and agile independent brokerages across the world.

“We are pleased to announce today our partnership with WhiteHorse Capital, who we believe will help bolster our record growth and consolidate our global position as the largest independent interdealer broker. We look forward to continuing to build out our platform while attracting the best talent across the world,” said Javier Loya, Chairman and Co-CEO of OTC Global Holdings.

“We are very excited about our markets and the prospect of opportunity that the partnership with WhiteHorse Capital offers for us to continue to innovate in commodity markets around the world,” said Joe Kelly, President and Co-CEO of OTC Global Holdings.

Sam Goldworm, Managing Director at WhiteHorse Capital, added, “We look forward to working with the OTC management team to support the continued growth of the platform.”

OTCGH intends to use the proceeds to fuel its strategic acquisitions roadmap and continue to recruit top brokerage talent.

Janney Montgomery Scott served as Sole Placement Agent for the transaction.

About OTC Global Holdings

OTCGH is the world's largest independent institutional broker of commodities, covering financial and physical instruments from offices Chicago, Geneva Houston, London, Louisville, New York and Singapore. OTCGH has been awarded "Broker of the Year" by Energy Risk. With a portfolio of nearly 20 companies, OTCGH is a liquidity provider on CBOT, ICE, NYMEX, and NODAL. The company serves more than 450 institutional clients, including over 70 members of the Global Fortune 500, and transacts in hundreds of different commodity delivery points in Asia, Europe and the Americas. For more information, please visit

About WhiteHorse Capital

WhiteHorse Capital provides debt financing to middle market companies across a wide range of industries, including Telecom, Media and Technology, Healthcare, Business Services and Financial Services. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse Capital professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long-term relationship-oriented portfolio management philosophy. For more information, please visit

Contact us for more information

Kipp Fawcett

Managing Director, Investment Banking

Contact Kipp Fawcett

For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.

To learn about the professional background, business practices, and conduct of FINRA member firms or their financial professionals, visit FINRA’s BrokerCheck website: