Inflexion acquires O'Neill Patient Solicitors

The GP drew capital for the investment from Inflexion Buyout Fund V, which is able to write equity cheques of up to £250m alongside Inflexion Partnership Capital Fund II. However, Unquote understands that the latter fund was not involved in this transaction.

ONP will pursue an acquisitive expansion strategy under its new owners, with the initial investment including support for the bolt-on of specialist conveyancing business Grindeys. It will also explore product development for its technology platform.

The business will continue to be led by current CEO Sue Brown, while Zenergi non-executive chair will be introduced as non-executive chairperson at ONP. Grindeys finance partner Daren Churchill will also take a seat on the board of the consolidated group.

It is understood that the transaction included a modest amount of leverage.

Company
Founded in 1987, Stockport-headquartered ONP provides legal services to the residential property and remortgage markets. The company uses proprietary case management technology in order to increase efficiency.

People
Inflexion Private Equity – Flor Kassai, Andrew Priest (partners); Andy Neville (investment director).
O'Neill Patient Solicitors – Sue Brown (CEO).

Advisers
Equity – Rothschild (corporate finance); DWF (legal).

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• Topics
• Buyouts
• UK / Ireland
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• United Kingdom
• Inflexion Private Equity
• Rothschild