Acquisition of a 50% stake in ASK Partners by OakNorth Bank

Deal typeTransaction Services
IndustryFinancial Services
Client nameOakNorth Bank Plc

BDO has provided financial, accounting and taxation due diligence support to OakNorth Bank on their 50% acquisition of ASK Partners.

Since its inception in 2016, ASK has provided over £1bn of structured debt across the UK real estate sector. The specialist property lender is funded by a pool of institutional partners, family offices and high net worth investors and has completed c.100 transactions to date - 45 of which have been joint deals with OakNorth.

The formalisation of the partnership with OakNorth is a natural, evolutionary step and will support ASK's next phase of growth by creating a greater range of finance options and investment opportunities for their clients.