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OakNorth Bank provides funding to facilitate equity deal for Bolton-based Aptus Utilities – one of the UK’s leading providers of multi-utility services
Bolton-based Aptus Utilities provides a multi utility solution that streamlines and expedites building processes for construction companies throughout the UK; The company has also seen Private Equity Firm, WestBridge invest £12.8m into the deal; Previously named in The Sunday Times ‘Virgin Fast Track 100’ and the London Stock Exchange’s ‘1000 Companies to Inspire Britain’, Aptus […]
With over £2.2bn of qualified SME loans in the pipeline, OakNorth Bank expands debt finance team and opens Birmingham office to support businesses in the Midlands
Despite the general election being less than a week away and ongoing Brexit uncertainty, British businesses are clearly still keen to borrow and pursue their growth plans; In response to this and its over £2bn lending pipeline, the bank is once again expanding its debt finance team with four new hires; Steve Mitchell and Marcus […]
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 […]
