Hospitality
OakNorth and Searchlight Capital Partners provide £88.5m capital solution to Third Space to support London’s luxury health club brand’s continued growth
Backed by KSL Capital Partners, Third Space is a luxury health and fitness brand with eight clubs across London; The financing provided by OakNorth and Searchlight Capital Partners will support Third Space’s business plan which includes the opening of additional clubs. OakNorth, the neobank for entrepreneurs, by entrepreneurs, has partnered with Searchlight Capital Partners, a private investment […]
Hospitality
Health and fitness club operator, Total Fitness, set for future growth following £6.5m loan from OakNorth Bank
Total Fitness has over 93,000 members and operates 15 health and fitness clubs across the North of England and Wales; Led by the first female CEO in the UK’s private health club sector, the business was backed by private equity firm, NorthEdge Capital, in 2015; The £6.5m loan from OakNorth Bank will be used to […]
Hospitality
OakNorth Bank completes £15m refinancing to returning customer and ‘compact luxury’ hotel chain, Z Hotels, to support future growth
Founded by Bev King, Z Hotels launched its ‘compact luxury’ accommodation model in London with the opening of Z Soho in 2011; Since then, the hotel chain has experienced continued success with 14 sites now operational across London, Liverpool, Bath, and Glasgow; OakNorth initially provided bespoke funding to the group in 2018 to support new […]
Hospitality
OakNorth Bank provides £6.7m facility to bar and restaurant business, Inception Group, to open new sites
Founded in 2009, Inception Group operates a collection of unique bars, restaurants, and clubs in Central London; The group currently operates 13 sites under the brands of Mr Fogg’s, Bunga Bunga, Cahoots, Barts, Maggie’s and Control Room B; OakNorth initially provided refinance and expansion facilities in January 2018, and further supported the group during the pandemic; Since the pandemic, Inception Group has opened […]
Hospitality
OakNorth Bank and The Mezz Lender co-lend £15m to The Consolidated Group to support the refinance Soho’s famous 100 Wardour Street
Founded in 1984 by Laurence Kirschel, The Consolidated Group specialises in redeveloping real estate throughout central London’s Soho and Covent Garden areas; The Group’s current portfolio totals c.£2.0b; The loan facility, introduced by Avier Capital Limited, was arranged and co-funded by The Mezz Lender and OakNorth Bank and will refinance the mixed-use site located at […]
Hospitality
OakNorth has supported TriSpan’s investment in leading Indian casual dining group, Mowgli Street Food
Launched in 2014 in Liverpool by chef, CEO, and food writer, Nisha Katona MBE, Mowgli Street Food specialises in dishes that Indians would eat at home and on their streets; In July 2017, the business secured investment from Foresight Group, the sustainability-led alternative assets and SME investment manager; The business currently has 15 sites in […]