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OakNorth Bank completes loan to mid-market private equity firm, Rubicon Partners, to acquire Yorkshire-based manufacturer, CMD Limited
Established in 1993, Rubicon Partners is a London based investment partnership focused on the acquisition of complex industrial businesses; Combined with its own equity finance, it will use the debt capital from OakNorth Bank to acquire CMD Limited, a business it had previously invested in during 2001-2008; Founded in Rotherham in 1984, CMD Limited is […]
OakNorth Bank completes £14.3M transaction with Cairngorm Capital-backed manufacturer, Sentry Doors, to support future growth
Sentry Doors is a specialist manufacturer of timber fire and security door-sets for the social housing, public sector, commercial and residential markets; In August, Sentry Doors announced the acquisition of E. & S. W. Knowles & Company, creating the UK’s leader in timber fire safety and security doorsets; The business is backed by Cairngorm Capital, […]
OakNorth Bank completes £6.5M funding to Manchester-based consumer debt advice provider, MoneyPlus, to support future growth amidst cost-of-living crisis
Founded in 2010, MoneyPlus provides debt advice to individuals struggling with their finances, as well as legal services, to help people live better lives; Headquartered in Manchester, the business is now one of the UK’s largest providers of private debt advice and planning, representing tens of thousands of people each year; The capital from OakNorth […]
OakNorth Bank completes £36M loan for the acquisition of seven student accommodation sites across Aberdeen and Southampton
The loan is to Clearbell Property Partners III LP (Clearbell), a fund managed by Clearbell Capital LLP; The capital will be used to acquire six purpose-built student accommodation (PBSA) properties in Aberdeen and to refinance a student village in Southampton, totalling over 1,800 beds; The sites will be managed by Iceni Property Asset Management, which […]
OakNorth Bank acquires stake in ASK Partners to deepen its support for UK housebuilders and property entrepreneurs
LONDON, 11 October 2022: OakNorth Bank – the UK bank for entrepreneurs by entrepreneurs –and ASK Partners (“ASK”), a specialist lender which has enabled over £1BN of lending through its fintech platform where institutional partners, family offices and high net worth individuals provide funding – have today announced a corporate transaction with regulatory approval whereby OakNorth […]
OakNorth Bank completes £1.52M facility to support the development of three new warehouses at Snetterton Business Park near Norwich
The project is being led by ASBT Warehousing Ltd, whose management team previously founded local family-run businesses, Silk Route Spice Company and Charbrew; The scheme will provide over 24.5K sq. ft. of storage space, with Silk Route Spice Company and Charbrew confirmed to let out two of the three newly built units; Formerly known as […]
