Private equity firm takes majority stake in Succession

Laura Miller
clock

A private equity firm has bought a majority stake in national financial advisory business Succession.

Inflexion Private Equity has purchased 50.1% of the shares in the Succession group. It will make further funding available through to 2017 for the ongoing acquisitions of Succession's membership base or firms that have completed Succession's ‘transition' programme. Succession chief executive Simon Chamberlain (pictured) said: "Having a majority shareholder with the credentials of Inflexion demonstrates the power of the Succession model. "We came into the market-place less than five years ago and today we have 62 member firms which advise on over £8bn of assets. The group owns an open ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Adviser / Broking

Industry Voice: Key adviser challenges in 2023

Industry Voice: Key adviser challenges in 2023

Gillian Hepburn
clock 28 February 2023 • 5 min read

Financial adviser who preyed on the bereaved jailed for £85k theft

A financial adviser has been jailed for five years for stealing a total of £85,000 from his victims in a theft campaign targeting the elderly and the recently bereaved.

Laura Miller
clock 19 August 2014 •

IFA leaves Intrinsic over pressure to go restricted

An IFA has left network Intrinsic after he felt he was being nudged towards adopting a restricted proposition following its takeover by Old Mutual.

Carmen Reichman
clock 07 August 2014 •
Trustpilot