H.I.G. WhiteHorse Invests £81 Million in Summit Group for Strategic Acquisition and Growth

H.I.G. WhiteHorse Fuels Summit Group's Growth with Strategic Acquisition Funding

H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital, announces a significant financial move that underscores its commitment to enhancing the capabilities of its portfolio companies. On October 16, 2025, the firm provides £81 million in first-lien, senior-secured credit facilities to Summit Group, a company backed by Sovereign Capital Partners. This funding is earmarked for refinancing existing debts and facilitating the acquisition of R&H Jersey, a strategic play that aims to bolster Summit's offerings in fiduciary, administrative, and advisory services for private clients. This transaction marks a pivotal moment for Summit, as it positions the company to expand its operations and service range in the competitive financial services landscape.

The acquisition of R&H Jersey is poised to significantly enhance Summit’s service capabilities, enabling it to better meet the diverse needs of its clientele. Following the acquisition, Summit anticipates increasing its workforce to over 370 professionals, thereby not only solidifying its position in the market but also extending its international reach with new offices in key financial hubs such as Jersey, Guernsey, Switzerland, the UAE, the Cayman Islands, and the UK. This expansion reflects Summit's strategic vision to become a leading provider of private wealth and corporate services, as well as fund administration, thereby diversifying and enhancing its service portfolio.

Key executives from both H.I.G. WhiteHorse and Summit express optimism about the partnership's potential for growth. Derek Vaz, CFO of Summit, emphasizes the value of H.I.G.'s support, which has enabled the group's size to quadruple since H.I.G.'s initial investment. Similarly, Pascal Meysson, Head of H.I.G. WhiteHorse Europe, highlights the strategic importance of this acquisition in reinforcing Summit's growth trajectory and market footprint in Jersey. Michael Lucas, Managing Director at H.I.G. WhiteHorse Europe, adds that the integration of R&H Jersey will significantly elevate Summit's standing as a premier private client business in the Channel Islands, thereby enhancing its competitive edge in a rapidly evolving market.

In addition to the financial implications, this acquisition represents H.I.G. WhiteHorse’s broader strategy of backing companies that demonstrate strong growth potential in specialized sectors. By investing in Summit Group, H.I.G. reinforces its commitment to fostering innovation and expansion in the financial services market. This move not only reflects confidence in Summit’s capabilities but also positions H.I.G. as a key player in the evolving landscape of private wealth management.

The ongoing collaboration between H.I.G. WhiteHorse and Summit underscores the importance of strategic partnerships in navigating the complexities of the financial services industry. As they work together to integrate R&H Jersey, both firms are poised to achieve their shared vision of growth and enhanced service delivery, ultimately benefiting their clients and stakeholders alike.