The mid-market private equity firm has bought 50.1 per cent of the shares in the Group and will make further funding available through to 2017 for the ongoing acquisitions of Succession’s membership base.
Mr Chamberlain said: “Having a majority shareholder with the credentials of Inflexion demonstrates the power of the Succession model.”
He said that Succession came into the market-place less than five years ago and today has 62 member firms that advise on more than £8bn of assets.
The Group owns an open architecture platform, which administers over £1.7bn of assets; volumes are growing at 5 per cent a month.
He added: “Our business is on target to achieve its goal of acquiring the best 50 of our member firms between now and 2017.
“With the strength and support of one of the leading private equity houses behind us, we will be able to exploit other opportunities in the market-place as old-style nationals and networks become more and more distressed.”
Mr Chamberlain and Ray Pierce will remain as group CEO and non-executive chairman respectively, leading the business.
Richard Swann, partner at Inflexion, said: “We have been looking for a model to support in the post-RDR advisory space and were impressed by Succession’s ‘back to front’ consolidation model.”
Succession was advised by Canaccord Genuity on the transaction.
