Birmingham advisors secure investment for online pharmacy
Birmingham’s Headpoint Advisors has guided the shareholders of Oxford Online Pharmacy in securing an investment from Rockpool Investment LLP.
Originally a family-owned pharmacy chain established in 1925, Oxford Online Pharmacy has transitioned into a online healthcare platform.
The company, led by founder and CEO Stuart Gale, provides privately-prescribed medication and healthcare advice across the UK.
The investment from Rockpool will help accelerate Oxford Online Pharmacy’s growth, advance its technology infrastructure, and expand its leadership team.
It will also enhance the company’s ability to meet rising demand for online pharmacy services, particularly in the weight loss sector.
Emmet Keating, partner at Headpoint who led the deal said: “We are very pleased for the Oxford Online Pharmacy team to have completed this transaction. Online pharmacy is rapidly disrupting the way that consumers access healthcare treatments. The market is growing at c.20% per annum and Oxford Online Pharmacy is one of the leaders in the UK, with over 20,000 positive Trustpilot reviews. The business is very well positioned to capitalise on the market opportunity.”
Emmet Keating was supported by Oliver Stephens and Henry Baker on corporate finance aspects. Headpoint worked with Lodders Solicitors (Graham Spalding), Parisi Tax (Lisa Stevenson) and PWC Tax (Nick Baker and Beth Cooper).
Rockpool were advised by Bracher Rawlins, Crowe UK, Strategy, Claritas Tax, more2, Catalysis Advisory and Palladium Digital.
Stuart Gale, founder and CEO, at Oxford Online Pharmacy said: “I am delighted to partner with Rockpool to help us further grow the business. Online healthcare is a fast-growing market and this investment will help us expand the team, develop our technology platform and deliver our service to an even wider customer base. Rockpool have been extremely supportive during the process, and we are looking forward executing our strategic plan for the business.”
