PwC Corporate Finance advised Knockburn (No2) Ltd on fund raise from Venn Partners

PwC NI's Corporate Finance team is pleased that it advised Knockburn (No2) Limited on its recent fund raising from Venn Partners, in a first-of-its-kind deal for Northern Ireland.

Knockburn is the owner of one of the largest private rented sector portfolios in Northern Ireland. PwC identified the Private Rented Sector Housing Guarantee Scheme, managed by Venn Partners on behalf of the Ministry of Housing,Communities and Local Government, as a suitable long term funding partner with which to refinance its entire portfolio.

The release of funds will allow Knockburn to add additional units to its portfolio through the development of additional private rented housing.

The funding by Venn Partners is the first to be made in Northern Ireland under the Private Rented Sector Housing Guarantee Scheme and is another example of PwC bringing innovative funding options to Northern Ireland businesses to build and add value.

The PwC Corporate Finance team consisted of Cara Haffey, Laurence Dolan and Stephanie Fitzsimons.

To talk to the team about your funding needs, please contact Laurence.

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