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OakNorth Bank completes £8m transaction to support a share repurchase for Security Plus, Europe’s largest independent volume cash carrier
Founded in 1977 and based in Staffordshire, the family business has grown into one of the UK’s leading cash collection, cash processing and manned guarding services provider; The finance will be used to fund a share repurchase positioning the business well for future growth; OakNorth Bank was introduced to management by Julian Coy at KBS […]
OakNorth Bank completes £3.54m loan to property joint venture to fund the development of a new aparthotel in Oval, London
The deal is with a joint venture between MELT Homes, which has built over 100 properties in London Gloucestershire and Kent, and Espalier Ventures; The capital will be used to fund the acquisition of a mixed-use property in Oval, and in its place, develop an aparthotel of up to 175 units, subject to receiving planning […]
OakNorth Bank completes £1.1m loan to entrepreneur brothers for launch of a new boutique hotel brand – starting with a 22-bedroom hotel in Edinburgh
Founded by Mike and Ross Baxter, BXTR launched in August 2014 with a 46- bedroom hostel in Edinburgh, followed by the opening of the 105-bed-roomed Kip Hotel in East London; With this finance from OakNorth Bank, the brothers have launched a new boutique hotel brand – House of Gods – starting with a 22-bedroom, four-star hotel […]
OakNorth Bank completes £10.5m transaction with RM Secured Direct Lending PLC – the London Stock Exchange-listed investment trust
OakNorth Bank has provided a bespoke £10.5m liquidity facility to RM Secured Direct Lending PLC (“RMDL”); The loan will enable RMDL to finance its pipeline of investment opportunities and grow its portfolio; OakNorth Bank has partnered with RMDL on several transactions in the past, so this facility will help further develop the relationship. OakNorth […]
OakNorth Bank provides £17.8m loan to Marden Homes for a major new residential development in Chelmsford
Established in 1989, Marden Homes specialise in unlocking value from its sites and building bespoke homes across London and the South East; The finance will be used to develop a major new waterside residential site, consisting of 128 units, including 28 affordable homes; The site, situated in Little Waltham, Chelmsford, boasts excellent transport links, including […]
OakNorth Bank completes £4.6m loan to support Literacy Capital’s investment in leading aluminium fabricator, AluFold Direct
Founded in 2017 by Paul and Richard Pindar, Literacy Capital is a closed-end investment company focused on investing in and supporting growing UK businesses; Using the finance from OakNorth Bank, Literacy Capital has invested in AluFold Direct, a leading fabricator of premium aluminium residential and commercial building products including bi-fold and sliding doors, windows and […]
