Hospitality
OakNorth completes first pan-European deal with £22m loan to Sticks n Sushi to support its growth
Founded in 1994, Sticks n Sushi is a restaurant group specialising in sushi and yakitori, with 27 restaurants across Denmark, the UK, and Germany; The group has recently been acquired by McWin Capital Partners, which focusses on the food service and food technology sectors; With OakNorth’s and McWin’s support, the restaurant group will continue to […]
Hospitality
Private equity-backed, creative cocktail bar and restaurant group, The Alchemist, to open new sites following £15m loan from OakNorth
Founded in 2010, The Alchemist operates 23 sites across the UK and opened its first international site in Berlin last year; The group is backed by private equity firm, Palatine, which focusses on investing in mid-market businesses through its Buyout and Impact Funds; The business hopes to open 10 new sites over the next three […]
Hospitality
OakNorth completes £52m loan to Beaverbrook, the quintessentially English country house estate nestled in the heart of the Surrey Hills
Spread over 475 acres, Beaverbrook is consistently ranked as one of the UK’s best hotels; The capital from OakNorth will help refinance existing facilities and fund future growth. 18 January, 2024; London, UK: OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £52m loan to Beaverbrook, the award-wining and quintessentially English country house […]
Hospitality
Compact luxury hotel chain, Z Hotels, to open new Leicester Square site following £23m co-loan from OakNorth and ASK Partners
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; The £23m co-loan will be used to acquire and refurbish a five-story vacant […]
Hospitality
Lancashire-based Bowland Inns & Hotels to continue expansion across the North West following £25m loan from OakNorth
Founded in 1996 and owned by James Warburton, Bowland Inns & Hotels is a market-leading pub, hotel, and wedding venue specialist operator; Headquartered in Clitheroe, Lancashire, the firm operates country pubs with rooms, bars, and restaurants under the James’ Places brand and multi award-winning wedding venues within the Dream Venues Collection; With sites located across […]
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 […]