Speciality Finance
OakNorth partners with Westbrooke to provide AURELIUS with £24.5m to support its acquisition of TM Group
Capital from OakNorth and Westbrooke has supported AURELIUS’ acquisition of TM Group from Dye & Durham Corporation, the Toronto Stock Exchange listed corporate; AURELIUS, a pan-European alternative investment firm distinguished and widely recognized for its operational approach, has recently announced the acquisition of TM Group, a leading provider of property search aggregation services, supplying law […]
Speciality Finance
OakNorth Bank lends £37m to Somerset-headquartered independent self-storage provider, UK Storage Company, to support a buyout
Founded in 2005 by Keith and Cathy Taylor, UK Storage Company is one of the UK’s largest independent self-storage providers; Following the opening of its first sites in Bridgwater and Taunton, Somerset, the business now operates 28 stores, totalling over 880k sq. ft of storage space across England; The £37m loan from OakNorth complements an […]
Real Estate
OakNorth Bank and ASK co-lend £62m to leading investment firm for 133 apartments in new Canary Wharf tower
OakNorth Bank, the UK bank for entrepreneurs, by entrepreneurs and real estate funding specialist, ASK Partners (“ASK”) have provided a 36-month, £62m senior loan to a leading global alternative investment firm, secured against 133 apartments in a recently completed new-build, 53-storey residential tower in Canary Wharf, London. The acquired apartments are part of the 182 […]
Speciality Finance
Manchester-based consumer debt advice provider, MoneyPlus, to accelerate growth following a significant loan upsize from OakNorth Bank
Founded in 2010, MoneyPlus provides debt advice to individuals struggling with their finances, as well as legal services, to help people live better lives; Headquartered in Manchester, the business is now one of the UK’s largest providers of consumer debt advice and planning, representing tens of thousands of people each year; OakNorth initially provided […]
Speciality Finance
OakNorth Bank provides £7m facility to TriConnex and eSmart Networks to support working capital and future growth
Previously part of Nexus Infrastructure plc, TriConnex and eSmart Networks are two of the UK’s leading providers of multi-utility and electrical infrastructure services; The £7m capital from OakNorth Bank will be used to support TriConnex and eSmart Networks’ working capital and future growth, following their recent acquisition by FitzWalter Capital; Established in 2020 by five […]
Real Estate
OakNorth Bank provides £4.7m loan to newly launched and private equity-backed SME housebuilder, honey, for its maiden residential scheme
Founded in October 2022 by former Avant Homes CEO, Mark Mitchell, honey builds homes which combine style, substance and sustainability; Located in its newly opened Sheffield city-centre HQ, honey has initially agreed to acquire two new developments in South Yorkshire and Derbyshire, set to deliver over 141 homes; The recently launched SME housebuilder is backed […]