Ashridge Capital increases investment in Oakman Inns to fund new sites

Oakman Inns has secured c.£4m of funding to provide acquisition capital and enable it to take advantage of the attractive opportunities to acquire new sites.  The sector has been decimated by Covid, resulting in a strongly growing acquisition pipeline of struggling and failed sites.  As a well-funded business with supportive investors and a profitable and cash generative core estate of 27 sites, Oakman is well placed to take advantage of such opportunities.

Ashridge Capital first invested in Oakman in 2012, when it had seven sites.  Oakman prides itself on delicious, hearty food made from scratch in open kitchens, a carefully sourced selection of wine, beers, local real ales and a range of innovative cocktails.  The pubs juxtapose traditional features in historic buildings with a contemporary design edge, providing sophistication and style with warmth and comfort.

The business was founded by Peter Borg-Neal, CEO, in 2007. This is Peter's third venture in the sector, the previous two having delivered good returns for shareholders. Oakman plans to double the business over the next five years.