The OakNorth newsroom

Stay in the know about our latest partnerships, customer success stories and all other things OakNorth.

For press enquiries, get in touch at [email protected]

OakNorth Bank to appoint industry heavyweight, Rajesh Gupta, as CFO, who is to join from Kensington Mortgages

Tuesday August 25th, 2020

Rajesh will be joining OakNorth Bank from Kensington Mortgages, a leading specialist lender, where he spent the last five and a half years as its CFO; Prior to this, he had a 21-year career with General Electric, where he had responsibilities for entities with assets ranging from $5bn to $50bn; As one of the only […]

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OakNorth Bank completes £20m loan-on-loan facility to Ultimate Finance Group to support growth in bridging lending

Monday August 24th, 2020

Ultimate Finance Group, the specialist asset-based lender, is part of Tavistock Group, the private investment organization founded by Joe Lewis; Ultimate Finance Group has completed over £90m of bridging facilities since its inception in 2016, with a spread of clients across the UK; Since completing its first loan-on-loan facility in 2015 – a liquidity line […]

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OakNorth Bank completes its first subscription facility to Bluegem Capital Partners, a private equity firm focused on European consumer-facing businesses

Thursday August 20th, 2020

Key investors include Glendower Capital, Strategic Partners (Blackstone’s Secondaries Division), BMO Global Asset Management (BMO) and Bluegem GP; Founded in 2007 by Marco Capello and Emilio Di Spiezio, Bluegem Capital Partners is a London-based private equity firm focused on staple consumer brands; Since March, OakNorth Bank has approved over £650m in new loans to support a hotel […]

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OakNorth Bank receives additional CBILS allocation from the British Business Bank after approving over £600m in new loans since March

Wednesday August 12th, 2020

Despite the ongoing challenges of COVID-19, OakNorth Bank has continued supporting British businesses, approving an average of £150m in new loans each month since the start of lockdown in March, including £220m through CBILS and CLBILS; Since being accredited, OakNorth Bank has now also received an additional CBILS lending allocation from the British Business Bank; […]

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OakNorth Bank completes loan to The Jade Hotel, a family-run hotel in South Kensington, to fund expansion and renovations

Thursday July 23rd, 2020

The Jade Hotel has secured a loan to redecorate its 30 bedrooms and add another five, refit its bathrooms, and make repairs to the roof and front exterior; The hotel has been in operation since 1984 and is run by the Khalid family, who converted it from a 5-storey terraced house into a 30-bedroom hotel […]

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OakNorth Bank provides £2.6m loan to national pub operator, Red Oak Taverns

Thursday July 2nd, 2020

As an accredited lender under the British Business Bank (BBB), OakNorth Bank was able to disperse the funds through the government’s Coronavirus Business Interruption Loan Scheme (CBILS); To address the impact of COVID-19, Red Oak Taverns has taken this loan as a standby facility to ensure the business has the required liquidity to deal with […]

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