Hospitality
OakNorth provides £10m loan to Longshot’s latest venture backed by Joel Cadbury to support its latest hospitality project, Mad Swans
Mad Swans reimagines underperforming golf clubs as activity-led leisure destinations with sport, wellness, and hospitality at their core; Its two flagship sites include a 12-hole golf, eco-cabins, padel, pickleball, driving ranges, and destination dining; This marks OakNorth’s third transaction with Joel Cadbury & Ollie Vigors, following previous support for Bel & The Dragon and Beaverbrook. […]
Hospitality
Total Fitness, the leading mid-market health club brand, to launch new growth initiatives, following £15m loan from OakNorth
Founded in 1993 and headquartered in Wilmslow, Cheshire, Total Fitness has over 100,000 members and operates 19 sites across the North of England and Wales; With a dedicated team of over 700 professionals, the business was backed by private equity firm, NorthEdge Capital, in 2015; The £15m loan from OakNorth will support the development of […]
Hospitality
OakNorth provides £5m Revolving Credit Facility (RCF) to support TeamSport Indoor Karting’s investment in new sites over the next three years
TeamSport currently operates 43 sites across the UK and Europe, with plans for nine new sites by 2028; It is backed by Duke Street Capital which acquired the business in November 2017 when it had 20 sites; The business leads on sustainability, and is committed to continued electrification of tracks; The transaction marks OakNorth’s continued […]
Hospitality
OakNorth supports Uncommon Equity’s acquisition of HopCat with a senior debt facility
HopCat operates 13 bar-restaurant locations – predominantly in Michigan – with strong site economics and a loyal customer base; OakNorth’s facility includes a term loan, revolving credit facility, and a delayed draw term loan to support future expansion plans. Tuesday 4th November, 2025, Chicago, Illinois: OakNorth – the digital bank for entrepreneurs, by entrepreneurs – has provided a senior debt […]
Hospitality
OakNorth increases support for Third Space with £75m leveraged finance loan – its largest to date – to fund future club expansion
The deal follows OakNorth’s original £38.5m co-lend in June 2023, reaffirming its long-term partnership with Third Space and confidence in the group’s strong growth trajectory and operational delivery; Third Space has grown to 13 high-end clubs across London, with the very successful recent openings demonstrating the group’s disciplined expansion strategy, and the underlying latent demand […]