Inflexion deals with Succession

According to Inflexion, the UK retail financial services sector, within which the company operates, was valued at £2.1bn in 2012 and has been growing at a compound annual growth rate of around 6% since 2009. Recent growth in the independent wealth management segment has been driven in part by changes to regulation, namely the Retail Distribution Review.

Inflexion's investment, which according to reports has rewarded them with a 50.1% stake, will be used to support Succession's buy-and-build growth strategy. It aims to acquire 50 of its top performing member firms by 2017.

The private equity firm was introduced to the company through Succession's chairman three years ago.

Company
Established in 2009 by CEO Simon Chamberlain, Succession provides financial advice to private and corporate clients. The company employs 110 people throughout the UK. Succession has 62 member firms and advises on more than £8bn of assets. The group owns an architecture platform, which looks after more than £1.7bn of assets.

People
Simon Chamberlain is CEO of Succession. Simon Turner is managing partner of Inflexion.

Advisers
Company – Canaccord Genuity (Corporate finance).

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• Topics
• UK / Ireland
• Financials
• Expansion
• Inflexion Private Equity
• United Kingdom