Ophelia Bidco completed the acquisition of Conveyancing Alliance from ULS Technology for £27m.

Ophelia Bidco completed the acquisition of Conveyancing Alliance, a mortgage finance firm, from ULS Technology, a provider of online platforms to support UK consumers moving home, for £27m. "This is a pivotal moment for ULS with the Disposal enabling us to accelerate our growth strategy. We believe that the consideration represents an attractive valuation, unlocking value for shareholders, whilst at the same time providing the capital to achieve our vision of building a digital platform that will transform the entire home moving and home owning process for consumers. We look forward to welcoming Jesper in the new year to spearhead the next phase of our development," Martin Rowland, ULS Technology Chairman.