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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
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; […]
OakNorth Bank completes loan to The Jade Hotel, a family-run hotel in South Kensington, to fund expansion and renovations
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 […]
OakNorth Bank provides £2.6m loan to national pub operator, Red Oak Taverns
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 […]
OakNorth Bank completes £2.3m loan to leading Norfolk residential developer Dewing Properties
The capital, allocated through the government’s Coronavirus Business Interruption Loan Scheme (CBILS), will be used to part refinance an existing shareholder loan from sister company and release liquidity to the wider business; Dewing Properties recently completed a major residential development consisting of 44 homes, including eight affordable units, in the popular Norfolk coastal town of […]
OakNorth Bank partners with Opes Financial Partners, an independent mortgage broker, to completes a £32.7m loan for the acquisition of four properties in North East London
The capital will be used to facilitate the refinancing of one property and the acquisition of three further properties, comprised of residential and commercial which includes social housing and office space across two adjacent neighbourhoods in North East London; The four properties consist of 18 houses, 62 apartments (of which five apartments are for social […]
