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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 […]
OakNorth completes £1.47m loan for development of a Starbucks drive-thru and two EV charging points in established Greater Manchester retail park
The borrowing entity, Fairmilehead Ltd, is owned and led by Dallas Rhodes, who has over 30 years’ experience in the property industry, across retail, office, and residential; The site, Parsonage Way, is an established retail park in Leigh, Greater Manchester with neighbouring retailers including Greggs, Halfords, Costa, Sainsburys, TK Maxx and KFC; Starbucks has a […]
ECI Partners acquires majority stake in digital marketing agency, Croud, to accelerate growth, following £77.6m club loan from OakNorth
Launched in 2011, Croud is a global, full-service digital agency with offices in the UK, US and Middle East; The business has worked with household brands including: International Workplace Group (IWG), Selfridges, Amazon’s Audible and Prime Video, and Nespresso; The transaction follows OakNorth’s initial £34m club loan to Croud in May this year to support […]
