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OakNorth provides $25.1m note-on-note facility to Mavik Capital to finance the conversion of vacant hotel in Syracuse, New York into multifamily property
Founded by Vik Uppal, Mavik Capital is a New York-based next-generation, multi-strategy investment firm built to deliver long-term outperformance; With a primary focus on middle-market real estate across the U.S, the firm has deployed over $3b in capital and realized more than 110 investments to date; The $25.1m note-on-note loan from OakNorth will be used […]
Realise secures funding to deliver expansion strategy
Realise, one of the UK’s leading training providers, has reinforced its strategy for future expansion through acquisition by entering a partnership with a leading digital bank which specialises in helping organisations grow. Supporting more than 16,500 learners a year across the UK through apprenticeships and adult education programmes, Realise has enjoyed a period of major […]
OakNorth completes loan to Warwickshire-based IFA firm, Beaufort Wealth Management, to support a management buyout (MBO)
Established in 2007 by Phil Hart, Ravinder Ghuman, and Ian Adey, Beaufort Wealth Management is a Warwickshire-based independent financial advisers (IFA) firm; Over the years, it has expanded its services and expertise through acquisitions, and now has over 900 clients; The funding from OakNorth will support Phil and Ravinder’s MBO of their co-founder, Ian, who […]
OakNorth provides £4.1m loan to Verto, the UK’s leading sustainable housebuilder, for 10 new zero carbon smart homes in Newquay, Cornwall
Founded in 2010 by Tom Carr and Richard Pearce, Verto specialises in designing, building, and selling zero carbon smart homes across the South West; With over 130 homes built to date, Verto recently partnered with Octopus Energy to launch its ‘Zero Bills’ initiative, creating homes with no energy bills; The £4.1m loan from OakNorth will […]
OakNorth provides funding to support Storal’s acquisition of Children 1st Day Nurseries
Storal is one of the highest-quality nursery operators in the UK, currently operating 30 nurseries and two out-of-school clubs; The investment will part fund the acquisition of Children 1st Day Nurseries which has a portfolio of 23 nurseries across the Midlands and South Yorkshire. OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has extended further debt facilities […]
OakNorth provides £3m revolving credit facility to DSW Capital to support its acquisition of DR Solicitors, the leading law firm for healthcare professionals
Established in 2002 by three KPMG alumni, DSW is one of the first platform models disrupting the traditional model of accounting professional services firms; The capital from OakNorth will support its acquisition of DR Solicitors, the award winning, specialist law firm for medical professionals; The acquisition will be immediately and significantly earnings enhancing for DSW […]
