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Succession secures further investment to continue its acquisition strategy

Inflexion is pleased to announce that its portfolio company Succession has secured an investment package of over £25 million from HSBC and its existing shareholders, in order to continue its growth strategy through the acquisition of the best 50 firms from its affiliated membership by the end of 2017. In the last three years Succession has acquired 25 firms to create a highly profitable, organically growing, national advisory business of scale.

Group Chief Executive of Succession, Simon Chamberlain, commented: “We are at the half way point in our plan to create the UK’s largest independent wealth management business, with strong funds under management, and profitable advice and platform trading arms. Working with our shareholders, we have secured this institutional investment package from HSBC that demonstrates the strength of our business and confidence in the ability to execute our plan.”

Andrew Mainwaring, Investment Director at Inflexion, commented: “Securing additional investment from HSBC underlines the stability and success of Succession’s plan to create the UK’s largest independent wealth management business through a focused buy & build programme. Succession has an impressive track record, and we are delighted with the substantial growth its ambitious team has achieved in just two years.”

Founded in 2009 by the current CEO, Simon Chamberlain, Succession is one of the UK’s largest privately owned wealth management businesses. Inflexion invested in Succession in January 2014. Today Succession (directly and through its affiliated membership) has £11bn of funds under management of which over £2.5bn is serviced through its national advisory business.

Succession

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Contact

Sarah Gestetner

Communications and Marketing Director

T. +44 (0)20 7487 9820

E. sarah.gestetner@inflexion.com