OakNorth supports DSW Capital's acquisition of DR Solicitors

OakNorth, a digital bank catering to entrepreneurs, has extended a £3 million revolving credit facility to DSW Capital to facilitate its acquisition of DR Solicitors, a leading law firm for healthcare professionals in the UK. DSW Capital, a notable licensee business network operating primarily under the Dow Schofield Watts brand, views this as a transformative deal which will enhance earnings and diversify its revenue streams by enabling expansion into new professional markets. DR Solicitors, co-founded by Daphne Robertson, holds a prestigious position in the legal field for healthcare clients. Robertson and her co-founder Nils Christiansen will continue to lead the firm, now under the support and collaboration with DSW Capital. Stewart Haworth, debt finance director at OakNorth, emphasized DSW's model as a unique, scalable platform, aligning well with the reputable DR Solicitors, and expressed ongoing support for DSW's growth ambitions. OakNorth identifies itself as a digital bank that empowers the lower mid-market and supports growth and innovation.