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OakNorth provides £40m NAV facility to returning customer and closed-end investment company, Literacy Capital
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; The firm listed on the London Stock Exchange’s Main Market in June 2021, before gaining Investment Trust status on 1 April 2022; The £40m NAV facility will refinance existing debt, as […]
SGS Group completes refinancing of four major shopping centres following £445m club loan from OakNorth
The four shopping centres are: Lakeside in Essex, Atria in Watford, Victoria Centre in Nottingham, and Braehead in Glasgow; With a catchment population totalling 9.4m the sites are four of the leading shopping centres nationally; Average occupancy rates for the sites have increased to 93%, with tenants consisting of international and national retail brands, including […]
OakNorth completes £2m working capital facility to Spy Alarms, a private-equity backed installer of security systems, to support its continued buy-and-build strategy
Founded in 1985, Spy Alarms received private equity backing from Phoenix Equity Partners in 2020; With more than 75,000 customers – both domestic and commercial – Spy Alarms is one of the largest privately owned installers of security systems in the South East; In addition to organic growth, Spy Alarms has also grown through making […]
OakNorth provides bespoke capital call facility to returning customer and private equity real estate investor, Paloma Capital
Founded in 2015 by Joe Froud and Jack Pitman, Paloma Capital is a leading entrepreneurial private equity real estate investor; Paloma has raised over £450m of wholly discretionary capital in three value-add funds since launch, mainly from institutional investors in the UK, Europe and the Middle East; The bespoke facility will be deployed within the […]
OakNorth boosts Board with appointment of seasoned technology executive and product pioneer, Nilan Peiris
Nilan is Chief Product Officer at Wise where he has spent over a decade helping to scale the company globally LONDON, Monday 2nd September, 2024: OakNorth – the digital bank for entrepreneurs, by entrepreneurs – today announces the further strengthening of its Board of Directors with the appointment, effective from today, of Nilan Peiris as […]
US regulators grant OakNorth authorisation for Representative Office
OakNorth has lent c.$600m to lower mid-market businesses in the US last year London, UK, Tuesday 27th August 2024; OakNorth – the digital bank for entrepreneurs, by entrepreneurs – today announces that it has secured authorisation from the Federal Reserve and the New York State Department of Financial Services (NYDFS) for a Representative Office in […]
