OakNorth partners with Westbrooke to provide AURELIUS with £24.5m to support its acquisition of TM Group.
OakNorth, the neobank for entrepreneurs, by entrepreneurs, has partnered with Westbrooke Alternative Asset Management (“Westbrooke”) to provide AURELIUS, the pan-European alternative investment firm, with a £24.5m loan to support its acquisition of TM Group.
The £24.5m co-loan from OakNorth and Westbrooke has supported AURELIUS’ acquisition of TM Group, a leading provider of property search aggregation services, supplying law firms with property searches, a key element of due diligence for all property purchases in the UK. The searches TM Group offers include: Title, Local Authority, Water & Drainage and Environmental. Many of these are mandatory in any conveyancing process and all searches in the UK are charged by solicitors as a disbursement cost within the property buying process.
About AURELIUS: The Group is a renowned specialist for complex investments with operational improvement potential such as corporate carve-outs, platform build-ups or succession solutions as well as specialised financing solutions. Founded in 2005, with more than 200 transactions completed to date, AURELIUS has built a strong track record for delivering superior returns to its investors through its flexible approach, uncompromising focus on operational excellence, ability to carry out multi-dimensional transactions, prudent risk management and long-term investment philosophy.