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OakNorth Bank continues growing debt finance team to support businesses in the North, with two new hires in Manchester
It’s been a year since OakNorth Bank set up a debt finance team in Manchester with just two team members, but since then, the team has grown to six people; The latest additions to the team are Paul Atherton who joins from Ballard Evans Corporate Finance Boutique, and Gareth Bennett who joins from Allied Irish […]
OakNorth Bank completes additional £20m loan-on-loan facility to Hilltop Credit Partners
OakNorth Bank has increased its original £30m facility to £50m to Hilltop Credit Partners, the specialist funding partner for small and mid-sized UK residential property developers and housebuilders; The £50m loan-on-loan facility will be used to support Hilltop’s ongoing real estate development lending platform. OakNorth Bank – the UK bank powered by the OakNorth platform […]
OakNorth Bank to appoint industry heavyweight, Rajesh Gupta, as CFO, who is to join from Kensington Mortgages
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 […]
OakNorth Bank completes £20m loan-on-loan facility to Ultimate Finance Group to support growth in bridging lending
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 […]
OakNorth Bank completes its first subscription facility to Bluegem Capital Partners, a private equity firm focused on European consumer-facing businesses
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 […]
OakNorth Bank receives additional CBILS allocation from the British Business Bank after approving over £600m in new loans since March
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; […]
