Stevens & Bolton LLP has advised OakNorth on its financing of The Inn Collection Group, one of North East England’s top leisure operators with seven sites across Northumberland, County Durham and Teesside.
Established in 2006, The Inn Collection Group has become a market leader in developing contemporary inns providing accommodation, food and drink to leisure and business customers. It currently has 215 rooms across its seven sites, but plans to increase this to almost 300 by 2020 with OakNorth’s funding package.
OakNorth was created to help the UK’s growth businesses and entrepreneurs reach their potential by providing bespoke, no-nonsense debt finance solutions. Stevens & Bolton has acted for OakNorth on a number of transactions over the past two years, including financings and refinancings of London residential and commercial property and private equity backed businesses.
Stuart Blair, Debt Finance Director at OakNorth, said: “We are delighted to announce the completion of our funding to the Inn Collection Group which will support Sean Donkin, Keith Liddell and the rest of the wider Inn Collection team in achieving their ambition to realise the next stage of growth for the business. Stevens & Bolton supported us throughout providing commercial, technically excellent and timely advice. Andrew and the rest of the S&B team really helped us to deliver the financing to the Inn Collection Group in a way that worked for everyone. We look forward to continuing working with S&B.”
Andrew Dodds, managing associate and a member of Stevens & Bolton’s banking team commented: “Stevens & Bolton is delighted to have played a part in helping OakNorth fund the Inn Collection Group. It was a pleasure to work with Stuart, Fabien and the rest of the OakNorth team on this exciting transaction and we look forward to working with the bank on future deals”.
The Stevens & Bolton team was led by finance managing associate Andrew Dodds, supported by Sarah Kirwan (managing associate, real estate) and Laura Barrett (associate, finance).