OakNorth Bank completed the acquisition of a 50% stake in ASK Partners.

OakNorth Bank, a bank, completed the acquisition of a 50% stake in ASK Partners, a property finance company. Financial terms were not disclosed. “ASK is a business OakNorth Bank has worked with for several years, enabling us to provide the funding solutions our clients need. Like us, ASK has a strong focus on customer experience and credit quality and has built a fast-growing and profitable business. The fintech platform it’s developed to enable institutional investors, family offices, and high net worth individuals to participate in its transactions, enables fast subscription of loans and a strong network effect where many of its borrowers also end up becoming investors,” Ben Barbanel, OakNorth Bank head of debt finance.