Private equity firm takes majority stake in Succession

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 ...