Speciality Finance
OakNorth Bank completes £8m transaction to support a share repurchase for Security Plus, Europe’s largest independent volume cash carrier
Founded in 1977 and based in Staffordshire, the family business has grown into one of the UK’s leading cash collection, cash processing and manned guarding services provider; The finance will be used to fund a share repurchase positioning the business well for future growth; OakNorth Bank was introduced to management by Julian Coy at KBS […]
Speciality Finance
OakNorth Bank completes £10.5m transaction with RM Secured Direct Lending PLC – the London Stock Exchange-listed investment trust
OakNorth Bank has provided a bespoke £10.5m liquidity facility to RM Secured Direct Lending PLC (“RMDL”); The loan will enable RMDL to finance its pipeline of investment opportunities and grow its portfolio; OakNorth Bank has partnered with RMDL on several transactions in the past, so this facility will help further develop the relationship. OakNorth […]
Speciality Finance
OakNorth Bank completes £4.6m loan to support Literacy Capital’s investment in leading aluminium fabricator, AluFold Direct
Founded in 2017 by Paul and Richard Pindar, Literacy Capital is a closed-end investment company focused on investing in and supporting growing UK businesses; Using the finance from OakNorth Bank, Literacy Capital has invested in AluFold Direct, a leading fabricator of premium aluminium residential and commercial building products including bi-fold and sliding doors, windows and […]
Speciality Finance
OakNorth Bank completes loan to Oncore IT, a leading managed service and cloud platform provider, for the acquisition of Fuse Technologies
Founded in 2004, Oncore IT specialises in the delivery of business critical systems and IT infrastructures from secure, resilient data centres in London and Amsterdam; The finance has been used for the acquisition of Fuse Technologies, a London based provider of unified communications tools; The acquisition sees Oncore IT manage the support of Fuse Technologies’ […]
Speciality Finance
OakNorth Bank completes debt finance deal with the UK’s leading hydro shop, GroWell, for management buyout and working capital
Founded in 1994, Growell Hydroponics & Plant Lighting Ltd (GroWell) is the UK’s leading retailers of hydroponic equipment and consumables; Hydroponics is a method of growing plants without the use of soil, providing artificial lights and roots submerged in a nutrient-rich solution, which enables the cultivation of plants not dependent on local climate; In the […]
Speciality Finance
OakNorth Bank completes £25m loan-on-loan facility to ICG-Longbow Senior Secured UK Property Debt Investments (LBOW)
OakNorth has provided a £25m facility to ICG-Longbow Senior Secured UK Property Debt Investments Limited (LBOW) – the London Stock Exchange-listed fund specialising in first mortgage property investment loans secured against UK commercial real estate; LBOW has a market capitalisation in excess of £125m. LBOW’s Investment Adviser, ICG-Longbow, is the real estate division of Intermediate […]