Henry Taylor
Posted on 3 Mar 2017

Michelmores advises Succession Group on £10m acquisition of Lewis Chambers and Plan4Wealth

Michelmores' Corporate team has advised Succession Group on its latest acquisitions, purchasing Chambers Group (trading as Lewis Chambers) and Plan4Wealth in a deal which values the businesses in excess of £10m.   

Henry Taylor and Francesca Hubbard from Michelmores advised Succession on the acquisitions. The Michelmores team have now advised Succession Group on eight acquisitions over the last six months.

Simon Chamberlain, Group Chief Executive of Succession, said:

“Lewis Chambers and Plan4Wealth joined Succession with a clear agenda for acquisition. Already in fantastic shape and a great fit for our model, we made the acquisitions in record time - within just six months of them joining as Member Firms. 

“As client-centric firms, a seamless acquisition with no disruption to the business was vitally important to both Lewis Chambers and Plan4Wealth, who have been able to continue providing essential services to clients throughout.”

Henry Taylor, Partner at Michelmores, said:

"Once again it was a pleasure working closely with the Succession team on these acquisitions and in helping them stay on track to achieve their ambitious growth plans." 

Last year, Succession secured an investment package of over £25m from HSBC and its existing shareholders (including Inflexion Private Equity) to accelerate its growth strategy through the acquisition of the best 50 firms from its affiliated membership by the end of 2017. Today, Succession’s national wealth management and platform business has £4.5bn of funds under management with a further £8bn in the back books of Succession’s affiliated membership.