Speciality Finance
OakNorth Bank completes £5.3M loan to Kent-based, AFM Wealth, to support IFA acquisition programme
Founded in February 2020, AFM Wealth is the holding company for independently owned financial advisory firm, Absolute Financial Management; With over 4,500 clients and assets under management (AUM) exceeding £500M, the firm provides expert financial advice for both businesses and individuals; The capital will be used to support AFM Wealth’s acquisition programme, which has seen […]
Speciality Finance
OakNorth Bank completes £1.4M loan to Newcastle-based, automotive manufacturing business, Clavis IDS, to support future growth
Clavis has been providing engineering solutions to a wide range of sectors for over 40 years and supplies its products to 45 countries worldwide; Its top-10 customers include leading automobile manufacturers such as Ford, BMW, Ducati, and Volvo; The business completed a management buyout in 2018. The capital from OakNorth Bank will refinance the debt […]
Speciality Finance
OakNorth Bank completes £40M loan to Certified B-Corporation, Newcore Capital Management, to support the growth of its social infrastructure fund
Newcore Capital Management is a UK social infrastructure real estate investment manager with £350m of assets under management; The capital from OakNorth Bank will support the growth of Newcore Strategic Situations Fund V, Newcore’s value add social infrastructure fund; Social infrastructure real estate is integral to the functioning of society and supports the quality […]
Speciality Finance
Harwood Private Capital supports the management buyout of Suffolk based family-run horticulture business following £20M funding package from OakNorth Bank
Harwood Private Capital focuses on providing flexible funding to UK SMEs and lower mid-market companies; The firm has secured a £20M funding package from OakNorth Bank to support the management buyout of family-run horticulture business, Mr. Fothergill’s Seeds Limited; Founded in 1978 by Jeff Fothergill and Brian Carey, Mr. Fothergill’s Seeds is an independent horticulture […]
Speciality Finance
OakNorth deepens support for SMEs with its first acquisition – and says there will be more
OakNorth has agreed to purchase 100% of Fluidly, subject to regulatory approval; Founded in 2016, Fluidly’s mission is to help small businesses sleep better at night via its cashflow forecasting tool – a product which c.1,300 UK accounting firms subscribe to; This mission is highly synergistic with OakNorth’s mission to empower the ‘Missing Middle’ – […]
Speciality Finance
OakNorth Bank completes £19M loan to investment firm, Sullivan Street Partners, to acquire Osborne Infrastructure in a complex carve-out
Osborne Infrastructure is a leading £210M revenue Tier 1 civil engineering and transport infrastructure business, with clients including: Network Rail, National Highways, Connect Plus and Transport for London; Sullivan Street Partners is a London-based, operationally intensive buyout firm with a focus on complex situations; Under the leadership of Managing Director John Dowsett, Osborne Infrastructure is […]