- Founded in 2014, The Boundary has an international reputation for excellence in architectural visualisation and the built environment;
- It serves several of the world’s largest real estate developers from three offices across three continents;
- Kester Capital is a leading UK private equity investor, focused on the technology and healthcare sectors.
OakNorth – the digital bank for entrepreneurs by entrepreneurs, has completed a leveraged buy-out facility with Kester Capital, supporting its investment in The Boundary, a leading tech-enabled provider of marketing-grade digital twins, photorealistic visualisations, and marketing suite software for the global real estate industry.
With offices in the UK, the USA and New Zealand, The Boundary is a rapidly growing international business with an exceptional reputation as the leading real-time rendering-focused VR studio in the architectural industry. The business has a proven track record of impressive growth, leveraging proprietary software tools and a world-class team of 3D artists and software developers to consistently deliver the highest quality content for its clients, many of which are the world’s largest real estate developers.
The architectural visualisation market is expected to see strong growth in the medium-term, underpinned by several factors including growth in the volume of prime and super-prime residential developments, increasing awareness of technological advancements, and increasing share of marketing spend allocated to visualisation services.
Abhishek Majumdar, Partner at Kester Capital, commented: “The Boundary stood out to us as a technology-driven leader in the growing and global architectural visualisation market, led by an exceptional team. As a tech-driven, digital bank, OakNorth appreciated this from our first conversation, and the team was excited to help us with this investment.”
Stuart Blair, Director of Debt Finance at OakNorth, continued: “This transaction presented OakNorth with an attractive opportunity to support an experienced sponsor – with an excellent long term track record – with an investment in a leading tech-enabled provider of architectural visualisation to the global real estate industry. With Kester’s support, The Boundary is well-placed to continue its impressive growth and international expansion.”
ENDS
Notes to editors
About OakNorth
Launched in September 2015, OakNorth is the neobank for entrepreneurs, by entrepreneurs, empowering scale-up businesses (£1m-£100m turnover) to support growth, prosperity, and innovation for the benefit of all.
Since its launch, the bank has:
- Lent over £10b to these businesses, directly helping with the creation of 40,000 new jobs and 29,000 new homes across the UK.
- Raised deposits from c.254,000 savers.
- Achieved performance metrics (ROE, ROA, cost-to-income ratio, etc.) that place it amongst the top 1% of commercial banks globally.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.co.uk for more information.
Media contact
Valentina Kristensen, Corporate Affairs Director at OakNorth – [email protected] / [email protected] / 0757 234 9009