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OakNorth Bank provides £2.3m loan to Moorlands Healthcare Limited for the acquisition of a specialist care home in Staffordshire
The finance will be used to acquire Harewood Park Care Home in Cheadle, Staffordshire and add three more rooms, bringing the total to 37; This will be the first acquisition for Moorlands Healthcare Limited, part of the My Choice Healthcare Group, which is aiming to acquire more care homes in the Counties adjoining Staffordshire and […]
OakNorth Bank lends £9.4m to Care Concern Group, a leading dementia care home that operates over 80 sites, to acquire a care home in Birmingham
The finance will be used to acquire the Willowbrook Care Home on Aldridge Road in Birmingham; There is a shortfall of 240 beds within a five mile-radius of the Willowbrook Care Home, none of which provide a similar service. As a result, it experiences 99% occupancy rates; OakNorth Bank has completed several deals with care […]
OakNorth Bank provides £2.3m loan to leading property investment firm Riverside Capital for major new office space in Hoxton, London
Founded in 2010, Riverside Capital provides a platform for professional investors and intermediaries to access and invest in the UK commercial property market; The finance will be used to acquire and redevelop a large, two-story office space in Hoxton, with permission in place for a further extension; The site sits along Mundy St, on the edge […]
OakNorth Bank completes £20m transaction with LV Care Group – the leading care home provider in Jersey
LV Care Group is a locally owned, locally run and locally focused care group providing premium services in Jersey; The group will use the bespoke £20m debt finance package from OakNorth Bank to acquire two new sites in Jersey and in the Isle of Man, as well as refinance three existing care homes; As ambassadors […]
Following the announcement of its newly-opened Birmingham hub, OakNorth Bank completes £750k deal with Bright Minds Daycare
Launched in 2017, Bright Minds owns four nurseries across Birmingham with capacity for 330 children ranging from infants as young as six weeks through to pre-school children; Childcare has been a somewhat recession-proof industry in the UK, growing at 3.7 percent annually over the last decade; Birmingham is set for prime growth in the sector […]
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 […]
