UK’s OakNorth grants loan to Australian restaurant chain Daisy Green

15th December 2017 (Last Updated January 8th, 2018 07:27)

UK bank OakNorth has granted a £3.4m loan to The Daisy Green Collection, an Australian restaurant chain.

UK bank OakNorth has granted a £3.4m loan to The Daisy Green Collection, an Australian restaurant chain.

The loan will be used by the company to expand its restaurant portfolio to 14 by opening six additional locations over the next three years.

OakNorth debt finance head Ben Barbanel and debt finance director Deepesh Thakrar jointly said: “The Daisy Green Collection is an extremely strong, invested business – despite being incredibly young, it is already EBITDA positive across all its mature sites, no doubt down to the commitment and passion of its founders. We look forward to the continued expansion of the business and working with Prue and Tom in the coming years.”

Daisy Green has planned to launch a new 4,000ft2 space in Soho, central London, in April 2018.

Recently, the chain opened two new city barges, Darcie and May Green, covering 2,500ft2 at Paddington Basin.

Founded by Prue Freeman and Tom Onions in 2012, the group currently owns eight restaurants, all located within London’s Zone 1.

Prue Freeman said: “For us, our food and coffee is what keeps people coming back. Dishes are an eclectic mix of the comfort food and generational family recipes I used to cook for my big Australian farming family combined with bold flavoured and interesting ingredients and flavours that Tom and I have discovered through our travels in Australasia.”

The Daisy Green Collection brings Australian inspired food and coffee to London.