M and A
UK's Succession Wealth Reportedly Up For Sale
The firm, which has about £8.2 billion in assets under administration, was founded in 2009.
Succession
Wealth, the UK firm, is putting itself up for sale for about
£400 million ($542 million), Sky News reported
yesterday.
The majority shareholder in Succession Wealth has chosen bankers
to undertake a review of strategic options for the business, the
report said. Inflexion, the private equity firm which took a
controlling stake in the firm in 2014, is expected to launch a
formal auction of Succession during the early part of next year,
it said.
Succession has about £8.2 billion in assets under administration,
and employs roughly 170 wealth planners. It was founded in 2009
by Simon Chamberlain, who died in 2017.
Inflexion and Succession declined to comment, the report said.
