Michelmores advises Succession Group on acquisitions of four firms

Michelmores advises Succession Group on acquisitions of four firms

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.”