Corporate
OakNorth Bank acquires stake in ASK Partners to deepen its support for UK housebuilders and property entrepreneurs
LONDON, 11 October 2022: OakNorth Bank – the UK bank for entrepreneurs by entrepreneurs –and ASK Partners (“ASK”), a specialist lender which has enabled over £1BN of lending through its fintech platform where institutional partners, family offices and high net worth individuals provide funding – have today announced a corporate transaction with regulatory approval whereby OakNorth […]
Speciality Finance
OakNorth Bank completes transaction with Nottinghamshire-based plumbing, heating and electrical services contractor following a management buyout
The loan is to FDBC Holdings, part of Neil Shacklocks, and will support the business’ future growth plans, following a management buy-out in June 2020; Neil Shacklocks undertakes plumbing, heating and electrical installations throughout the East Midlands and South Yorkshire; Servicing residential new build developments, social housing refurbishments and commercial projects, the business has built […]
Speciality Finance
OakNorth Bank completes £2.1M loan to West Yorkshire-based family-run, textile business, Europa Wools, to support a management buy-out
Europa Wools is a major player in the global textile industry, specialising in wool from New Zealand, Australia and Britain; The firm supplies over one million kilograms of textile raw materials to the international wool trade annually – making it one of the industry’s leading UK wholesalers; The capital from OakNorth Bank will allow Richard […]
Speciality Finance
OakNorth Bank lends £1.75M for management buyout of BTTC Infrastructure, a management consultancy focused on rail infrastructure projects
Launched in December 2016, BTTC Infrastructure operates from offices in Manchester, London and Toronto, catering to the UK and Canadian markets with clients including Network Rail and Metrolinx The capital from OakNorth Bank will support the management buyout of two of the business’ three founding members; Post transaction, the business’ growth will be driven by […]
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 […]