Stuart Blair, debt finance director at OakNorth

OakNorth and Westbrooke provide AURELIUS with £24.5m acquisition facility



OakNorth has partnered with Westbrooke Alternative Asset Management to provide pan-European alternative investment firm AURELIUS, with a £24.5m loan to support its acquisition of TM Group.


TM Group — the property search aggregation services provider — supplies law firms with property searches such as title, local authority, water and drainage, and environmental.

Stuart Blair, debt finance director at OakNorth (pictured above), said: “AURELIUS’ deep operational expertise and experience enable it to accelerate value creation within its portfolio companies — something TM Group will now be able to benefit from.

“We’re grateful to the team at Westbrooke for introducing the transaction to us – the team was highly collaborative and commercial in their approach which made the partnership that much more enjoyable and fruitful for all parties involved.”

Grayden Reece-Smith, investment principal at AURELIUS, also commented: “The OakNorth and Westbrooke teams worked seamlessly together to ensure everything ran smoothly and that we were kept up to date at every stage of the process.

“Thanks to the speed at which they operated we were able to get the deal closed shortly after receiving approval from the UK’s Competition and Markets Authority."



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