OakNorth has provided a £10.75m loan to support the expansion of full-service Thai restaurant, Rosa’s Thai.
Founded in 2012, Rosa’s Thai has built a strong reputation for delivering high-quality, authentic Thai dishes in a relaxed and accessible setting. The business has scaled rapidly in recent years, driven by strong customer demand, a disciplined site roll-out strategy, and a continued focus on operational excellence.
Rosa’s Thai is one of the UK’s largest multi-site casual dining operators and sits within Trispan’s Rising Stars fund, which focuses on scaling high-growth restaurant and F&B concepts both in the UK and in the US including Pho, Mowgli, Flat Iron and Thunderbird Fried Chicken.
The £10.75m loan from OakNorth will refinance existing debt and provide additional capital to support Rosa’s Thai’s continued expansion, including the launch of new sites with strong expected returns.
Sarah Hills CEO of Rosa’s Thai, comments: “Rosa’s Thai has continued to grow strongly, supported by our loyal customer base, consistent quality, and a passionate team delivering genuine Thai hospitality across every site. This backing from OakNorth provides us with a strong platform for the next phase of growth, allowing us to continue expanding our footprint across the UK while delighting our guests by delivering authentic Thai food in a warm, and inviting environment.”
Stewart Haworth, Senior Director of Debt Finance at OakNorth, adds: “Rosa’s Thai is a high-quality, well-established brand with a clear growth trajectory and strong customer proposition. Despite a challenging backdrop for the hospitality sector, the business has demonstrated resilience and continued demand, underpinned by an experienced management team and the support of a highly credible sponsor in Trispan. We’re pleased to deepen our relationship with the group and support their ambitious expansion plans, building on our experience of backing leading hospitality businesses across the UK.”