Michelmores advise Succession Group on acquisitions of four firms, adding over £500m in funds under management
The Michelmores Corporate team has advised Succession Group on its latest round of acquisitions, for a total consideration of £20.6m.
Succession Group has acquired four businesses from its affiliated membership: Prosperitas Independent Financial Advisers, Sigma Asset Management, Norris and Fisher Independent Financial Services and Tim Burton, with combined funds under management of £520m.
Henry Taylor, Michelmores Partner, said:
"Once again it has been a pleasure working with the Succession team as they continue to implement their impressive growth strategy."
Paul Morrish, Succession’s Corporate Director, commented:
"We are delighted that four high-calibre independent advice businesses have chosen to join Succession Group. We are a proven and trusted acquirer, with a track record of successfully transitioning IFA firms, optimising capital value and helping them become sale-ready."