Ashridge Capital invests further growth capital in Oakman Inns

Ashridge Capital has invested a further £0.4m of growth capital in Oakman Inns & Restaurants Ltd, the rapidly expanding chain of Mediterranean inspired restaurants in which it invested £2m last summer. The capital, alongside c.£2m from other private investors, will be utilised to fund ongoing roll-out of new sites.

Oakman has nine sites in market towns in Oxfordshire, Hertfordshire and Buckinghamshire. It has secured a further three sites, which are planned to open in the next year, and has a strong pipeline of further 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. Oakman spaces 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 more than double the business over the next four years.