Speciality Finance

Speciality Finance

OakNorth completes Β£34m club loan to LDC-backed leading digital marketing agency, Croud, to support future acquisitions

Thursday May 2nd, 2024

Launched in 2011, Croud is a global, full-service digital agency with offices in the UK, US and Middle East; The business has worked with household brands including: International Workplace Group (IWG), Selfridges, Amazon’s Audible and Prime Video, and Nespresso; In 2019, it secured a minority investment from mid-market private equity house, LDC, to further accelerate […]

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Hospitality

OakNorth completes Β£232m club loan to family-run business, Splendid Hospitality Group, to support future capex works

Tuesday March 5th, 2024

Splendid Hospitality Group is one of the UK’s fastest growing privately owned hotel groups; Founded over 30 years ago, the Group has designed, built, and operates a portfolio of 24 properties, from independent hotels to major brands including IHG, Marriott, Accor, and Hilton; The club loan will support future capex works, including the extension of […]

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Speciality Finance

OakNorth completes Β£2.5m loan to SES, a leading manufacturing business, to support the creation of its employee ownership trust

Thursday February 15th, 2024

Founded in 1994, SES provides power distribution products for theΒ entertainmentΒ industry, with customers including Universal Studios, Sky, Warner Bros, and Aggreko; It’s also supported severable notable productions including: Coldplay Music of Spheres tour, Ed Sheeran Mathematics Tour, The last five Bond Movies, Dunkirk, and Mission Impossible, as well as theatrical productions: Mamma Mia, Harry Potter & […]

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Real Estate

OakNorth Bank completes tailored loan facility to MRW Group to support its IFA buy-and-build strategy, with three initial acquisitions

Tuesday October 17th, 2023

Emet Financial Services (Emet), Merlin Wealth Planning (Merlin) and Mayfayre Financial Services (Mayfayre) will merge under MRW Group; The Group provides independent financial advice to over 1,500 clients, with over Β£150 million assets under management; The loan facility will be used to support the Group’s ambitious buy-and-build strategy, including further acquisitions expected this year. OakNorth,Β the […]

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Real Estate

OakNorth Bank completes Β£45m capital call facility for private equity real estate investor, Paloma Capital

Monday September 18th, 2023

Founded in 2015 by Joe Froud and Jack Pitman, Paloma Capital is a leading entrepreneurial private equity real estate investor; The firm has raised a total of c.Β£440m of wholly discretionary capital in three value-add funds since 2015, mainly from institutional investors in the UK, Europe and the Middle East; It has raised Β£120m out […]

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Real Estate

Saxon Trust secures new Β£35m funding line from OakNorth

Tuesday September 12th, 2023

Saxon Trust, the London based specialist bridging and development lender, has significantly expanded its funding capability with a new Β£35m funding facility from OakNorth, the neobank for entrepreneurs, by entrepreneurs. As traditional lenders increasingly pull back from the mid-market space, Saxon Trust believe this additional wholesale funding will enable them to capture additional market share. […]

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