OakNorth and Searchlight Capital Partners provide Β£88.5m capital solution to Third Space to support Londonβs luxury health club brandβs continued growth.
OakNorth,Β the neobank for entrepreneurs, by entrepreneurs,Β has partnered withΒ Searchlight Capital Partners, a private investment firm operating across Europe and North America, to provideΒ debt financeΒ toΒ Third Space, a London-based luxury health and fitness brand.
About Third Space: Launched in 2001 and currently operating a portfolio of eight clubs in iconic locations across London, Third Space has cemented itself as one of the pillars of the cityβs vibrant health and fitness scene. KSL Capital Partners β a leading investment firm focused on travel & leisure β acquired a majority stake in July 2021 from Encore Capital, who remain involved as a minority shareholder in the business.