Quinn provides Management Due Diligence and Human Capital Review services to Inflexion Private Equity for their investment in leading conveyancing solicitors O’Neill Patient

19th July 2019

The Quinn Partnership were delighted to support Inflexion and provide Management Due Diligence and Human Capital Planning support as they announced their investment in legal firm O’Neill Patient Solicitors (ONP), the UK’s leading B2B tech‐enabled provider of property and remortgage conveyancing services.

The investment is being made by Inflexion Buyout Fund V, Inflexion’s dedicated mid‐market fund. As part of this investment, Inflexion Private Equity has also acquired Grindeys, a specialist conveyancing business.

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, supporting unparalleled customer service, quality and turnaround times.

The market for residential conveyancing and remortgaging tends to be local and fragmented, with even the largest players commanding single digit market shares. This provides excellent scope for service improvement and further investment in technology via consolidation, with the purchase of Grindeys a first step towards that. ONP is also exceptionally positioned to cater to the market’s shift over the last two years towards remortgages, given management’s specific expertise in this area and tech‐platform investment to cater to this.

Sue Brown, CEO, O’Neill Patient

“I’m extremely proud of the continued excellence ONP has delivered in this evolving industry. Our use of technology to enhance the client experience has given us an edge, one which we look forward to developing with Inflexion’s impressive in‐house digital team to continue to innovate in our market and deliver an exceptional service at scale to our clients.”

Simon Turner, Managing Partner, Inflexion

“ONP has created an excellent property and remortgage conveyancing firm which has significant opportunity to grow further both by gaining market share and M&A. The business benefits from unique technology, which we will work with management to further develop.”

Paul Quinn, Director, The Quinn Partnership

“The business and Inflexion share a purpose and drive and commitment to the highest standards of professionalism, efficiency, and delivery. They will make a natural partnership as they work to continue to further enhance business growth. Sue and her team will work well with Inflexion as they embark on a new era of development.”

If you require our specialist Management Due Diligence services, please contact us.

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