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 […]
Speciality Finance
OakNorth Bank provides £5M working capital facility to Bristol-based, Lyons Davidson Solicitors, ahead of new personal injury reform coming into effect
Founded in 1972, Lyons Davidson is a large-scale provider of legal services to the end customers of some of the UK’s largest insurance operators; New government reform of personal injury claims comes in to effect at the end of this month which will likely lead to more consolidation in the market; The loan from OakNorth […]
Speciality Finance
OakNorth Bank completes £4m loan to Cheshire-based financial advisory firm, Cullen Wealth, to support a management buy-out
Founded in March 1998 by Richard Cullen, Cullen Wealth provides investments, pensions and tax planning services to both individuals and businesses; With over 3,000 clients and assets under management (AUM) exceeding £1bn, the firm is one of the largest independently-owned financial advisory firms in the UK; Cullen Wealth’s client investments continue to show resilient performance […]