H.I.G. WhiteHorse Finance Fuels Summit Group's Expansion with £81 Million Credit Facility

H.I.G. WhiteHorse Fuels Summit Group's Expansion with £81 Million Credit Facility

H.I.G. WhiteHorse, the credit arm of H.I.G. Capital, announces a significant development by providing £81 million in senior secured credit facilities to Summit Group, a portfolio company of Sovereign Capital Partners. This financing, disclosed on October 17, 2025, serves a dual purpose: refinancing existing debt and enabling Summit to acquire R&H Jersey, a firm specializing in fiduciary, administrative, and advisory services. This strategic move not only strengthens Summit's service offerings but also positions it to enhance its operational footprint across multiple jurisdictions, which include Jersey, Guernsey, Switzerland, the UAE, the Cayman Islands, and the UK.

With this acquisition, Summit Group is set to expand its workforce to over 370 professionals, thus further solidifying its capabilities in wealth management, fund administration, and corporate services. Derek Vaz, CFO of Summit, articulates the excitement surrounding this milestone, noting the deepened collaboration with H.I.G. Capital that has fueled their growth journey since the initial investment. The partnership has enabled Summit to quadruple in size, as highlighted by James Dragan from Sovereign Capital Partners, reflecting the effectiveness of their joint strategy in building a scalable global trust and corporate services entity.

Pascal Meysson, Head of H.I.G. WhiteHorse Europe, underscores the strategic importance of this acquisition in reinforcing Summit's presence in Jersey and expanding its range of services. Michael Lucas, Managing Director at H.I.G. WhiteHorse Europe, further emphasizes that this acquisition positions Summit as a leader in the lucrative Channel Islands market. H.I.G. WhiteHorse’s flexible financing plays a crucial role in supporting this transaction, affirming the company's commitment to empowering its portfolio companies in their growth trajectories.

In addition to enhancing its service portfolio, the acquisition of R&H Jersey allows Summit to tap into new legal markets, broadening its reach and client base. The merger aims to deliver complementary services to clients, showcasing Summit's capability to adapt to the diverse needs of high-net-worth individuals and corporate clients alike. This strategic move aligns with H.I.G. WhiteHorse's vision of fostering growth and innovation in its portfolio companies, ensuring sustained competitive advantage in a dynamic financial landscape.