Third Space

OakNorth and Searchlight Capital Partners provide £88.5m capital solution to Third Space to support London’s luxury health club brand’s continued growth.

OakNorth, the neobank for entrepreneurs, by entrepreneurs, has partnered with Searchlight Capital Partners, a private investment firm operating across Europe and North America, to provide debt finance to 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 city’s vibrant health and fitness scene. KSL Capital Partners – a leading investment firm focused on travel & leisure – acquired a majority stake in July 2021 from Encore Capital, who remain involved as a minority shareholder in the business.

Want to know more?

If you're looking for a business loan to kickstart your growth, find out how OakNorth can help you scale.