Succession secures £25m funding to fuel expansion plans

The firm gained funding from HSBC and its existing private equity backers, including Inflexion Private Equity. It plans to acquire 50 firms from its affiliated membership by the end of 2017 and said the package would allow it to accelerate its rate of acquisitions. In the last three years, Succession purchased 25 firms. It currently has 50 affiliated member firms each of which aims to be acquired. The vertically integrated group controls its own advice, platform, and fund management services. It was granted full discretionary fund management permissions from the regulator in March....