Bluebox advises on the sale of O’Neill Patient Solicitors

Bluebox Corporate Finance is delighted to announce the sale of O’Neill Patient Solicitors (“ONP”), the UK’s leading provider of property and remortgage conveyancing services, to Inflexion, one of the UK’s largest mid-market private equity firms. As part of this transaction, the shareholders have also sold Grindeys, a specialist conveyancing business based in Stoke on Trent.

Established in 1987, Stockport‐based ONP processes over 88,000 transactions per year for residential property purchases and remortgages. The firm markets its services through its strong relationships with panel managers, mortgage brokers and banks, whose referrals make up around 90% of ONP’s businesses. The firm utilises a sophisticated case management technology which enables it to offer market‐leading service and efficiency to customers, supporting unparalleled customer service, quality and turnaround times.

With ongoing support from Inflexion, ONP is very well positioned to grow by gaining market share, both organically and through M&A, in a market that tends to be local and fragmented.

Sue Brown, CEO, O’Neill Patient, commented:

“From the early stages of planning our exit and right through the transaction, Bluebox provided ongoing and invaluable support to the shareholders. Their knowledge of private equity transactions, together with their ability to quickly grasp how our market operates, was seriously impressive. Many thanks to the team at Bluebox. We would have no hesitation whatsoever in recommending their services to owners who are considering the sale of their private business.”

Jonathan Rich, Senior Director of Bluebox added:

“It was a pleasure working with Sue and her team, and we are truly delighted to have executed a transaction which not only delivers against the objectives of the existing shareholders, but also places ONP in the hands of new shareholders who are very well placed to capitalise on the significant opportunities presenting themselves. The sale of ONP represents yet another successful exit for Bluebox and is further evidence of our larger deal credentials. It is a credit to our team who made sure that we drove this to completion, and we wish Sue and her new partners every success with the exciting journey ahead.”

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