EQT Credit completes unitranche financing for O’Neill Patient Solicitors

EQT Credit, through its Direct Lending strategy, is pleased to announce that is has provided committed senior debt facilities to support Inflexion’s investment in O’Neill Patient Solicitors (“ONP” or the “Company”). EQT Credit has also provided committed acquisition facilities to support future growth.

Headquartered in Stockport, UK, ONP is a leading tech-enabled provider of legal services to the property market, processing over 85,000 conveyancing transactions per year for residential property purchases and remortgaging. The Company markets its services through strong relationships with panel managers, mortgage brokers and banks, as well as directly to end customers.

Paul Johnson, Partner at EQT Partners and Investment Advisor to EQT Credit, commented: “EQT Credit is delighted to be supporting Inflexion and management as they continue to develop ONP into one of the leading conveyancers in the UK. With an exceptional management team and a sophisticated case management technology, EQT believes the Company is well positioned to continue increasing its market share by offering unparalleled customer service through its market-leading efficiency, quality and turnaround times.”

Andrew Cleland-Bogle, Managing Director at EQT Partners and Investment Advisor to EQT Credit, added: “ONP is an excellent business with an impressive track record of growth. EQT looks forward to be supporting Inflexion on this transaction and would like to thank the advisors in the EQT Network who provided key due diligence support throughout the investment process, confirming not only the excellent positioning of ONP within its sector but also the quality of its technology platform.”

Contact
Paul Johnson, Partner at EQT Partners, Investment Advisor to EQT Credit, +44 20 7430 5510
Andrew Cleland-Bogle, Managing Director at EQT Partners, Investment Advisor to EQT Credit, +44 20 7430 5510
EQT Press Office, +46 8 506 55 334, press@eqtpartners.com 

About EQT
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 41 billion in assets under management across 20 active funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
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About EQT Credit
EQT Credit invests through three complementary strategies: Senior Debt, Direct Lending, and Special Situations. Since inception, EQT Credit has raised over EUR 7 billion of capital and invested in over 160 companies. EQT Credit’s Direct Lending strategy seeks to provide flexible, long-term debt solutions to support European businesses, across a wide range of sectors. These businesses include privately-owned companies seeking growth capital as well as those that are the subject of private equity-led acquisitions or refinancings. 

More info: www.eqtgroup.com/business-segments/credit/strategies/