Halo Creative & Design (the “Company”), the luxury furniture and design company behind the Timothy Oulton brand, today announced that it closed the first tranche of a USD60m growth financing facility from ADM Capital, a global investment manager with USD2.3 billion assets under management and over 20 years of experience in secured direct lending.

This funding provides the Company with the financial support to further grow its successful formula through enhancing its innovation and manufacturing capability, expansion of the existing Timothy Oulton gallery network, alongside strategic investments into best-in-class hospitality assets that align with the Timothy Oulton brand and values, to create a global luxury lifestyle business.

The financing has enabled the Company to acquire Barnsley House Hotel & Spa and the adjacent Village Pub in the Cotswolds, United Kingdom, in its first hospitality acquisition, last month. Barnsley House is a luxury country house hotel comprising a 17^th century manor house and historic country gardens. In parallel, the Company continues to review other luxury hospitality assets and gallery locations, with the view to expanding its global footprint.

Timothy Oulton, Founder and CEO – Halo Creative & Design, said, “To date, we have successfully grown our business into a leading global luxury furniture design group, without external capital. As we now expand our innovation footprint, alongside our offering into luxury lifestyle experiences, we wanted a strategic partner with shared values who could provide flexibility and financial expertise. We are thrilled to be able to move ahead with ADM Capital and deliver an exciting phase of growth.”

Christopher Botsford, Co-founding Partner and Chief Investment Officer – ADM Capital, said, “ADM Capital looks to partner with companies that display not only financial strength, but a commitment to our sustainability goals. We believe the Timothy Oulton team can deliver on their growth ambitions and with our guidance and support, make a number of positive adjustments towards more sustainable business processes along the way.”

Richard McDade, Managing Director – ADM Capital –  “We have been impressed with the Company’s ability to profitably navigate the Covid-19 pandemic and management’s commitment to delivering unique, quality products. We are hopeful this facility will allow Timothy Oulton to strengthen its presence in key markets, deliver more immersive customer experiences and connect with a broader consumer audience in a more sustainable way.”

About Halo Creative & Design

The Company nurtures a stable of globally recognized brands including its flagship Timothy Oulton collection, Timothy Oulton’s Noble Souls, Sofa Workshop, and its bespoke design practice, Timothy Oulton Studio, that has designed and delivered award winning clubs, bars, retail and hotel projects worldwide. The Timothy Oulton furniture collection has a distinctive British edge, reconceived with a modern, daring twist and a differentiated and immersive customer experience. The Company is deeply rooted in authentic handcraftsmanship, a love of pure materials, and a passionate dedication to the art of hospitality, both in its stores and in its newly opened Chelsea Pig restaurant and bar in central London. The Company, head-quartered in Hong Kong, has retail galleries in 20 territories spanning the globe, and also partners with many of the world’s leading furniture retailers.