H.I.G. WhiteHorse Provides Financing to Summit Group for Strategic Acquisition

H.I.G. WhiteHorse Secures Financing for Summit Group's Growth

On October 17, 2025, H.I.G. WhiteHorse, the credit division of H.I.G. Capital, a leading global alternative investment firm managing $70 billion in capital, announced a substantial financing agreement with Summit Group. The deal involves the provision of £81 million in first-class, senior secured credit facilities designed to assist Summit in refinancing its existing debts and will support the acquisition of RH Jersey, a strategic move in enhancing their service offerings.

Summit Group, which is backed by Sovereign Capital Partners, offers fiduciary, administrative, and advisory services to a diverse range of private clients. This financing marks a significant step in the company's growth strategy. The acquired entity, RH Jersey, complements Summit’s existing operations while introducing new jurisdictions and reinforcing the overall infrastructure of the merged organization.

With the acquisition, Summit will see its workforce expand to over 370 professionals across an extensive international network of offices located in Jersey, Guernsey, Switzerland, the UAE, the Cayman Islands, and the UK. This broadening of reach comes as the firm looks to offer a comprehensive suite of services including private wealth management, corporate services, fund administration, and tax advisory, particularly relevant to clients in Jersey and the UK.

Derek Vaz, the Chief Financial Officer of Summit, expressed enthusiasm about this pivotal moment in their development. He stated, "We are excited to continue building on our outstanding relationship with Michael and the H.I.G. team. This support allows us to further strengthen our capabilities."

James Dragan, a Partner at Sovereign, noted the importance of H.I.G.'s ongoing support for Summit’s initiatives. He remarked, “We are pleased that H.I.G. continues to back Summit. Since H.I.G.'s initial investment, we've quadrupled the size of the group, leading to the establishment of a comprehensive global trust and corporate service group.”

Pascal Meysson, the head of H.I.G. WhiteHorse Europe, highlighted the strategic significance of this acquisition. He commented, “We are thrilled to support Summit in this key strategic move, which will enhance their presence in Jersey and broaden their service offerings. We look forward to collaborating with management and Sovereign to explore further growth opportunities.”

Michael Lucas, Managing Director at H.I.G. WhiteHorse Europe, emphasized the strong foundation Summit has built, demonstrating a proven track record in international expansion. Lucas remarked, “The acquisition of RH increases Summit’s scale, solidifying its position as a leading private client firm in the attractive Channel Islands market. We are pleased to provide a flexible financing solution to support this transaction.”

About Sovereign Capital Partners

Founded in 2001, Sovereign Capital Partners is a UK-based specialist in buy-and-build transactions within the private equity sector. With a robust track record in business support services, healthcare, and education and training sectors, Sovereign invests in high-quality businesses, fostering their growth through a dual approach of organic expansion and targeted acquisitions.

About H.I.G. Capital

H.I.G. Capital is a prominent global alternative investment firm, managing $70 billion in capital. Headquartered in Miami, with offices across major US cities including Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford, as well as international offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong. H.I.G. specializes in providing both debt and equity investments to middle-market companies, employing a flexible and operationally focused value-add approach.

Since its inception in 1993, H.I.G. has invested in and managed a portfolio of over 400 companies, with its current portfolio encompassing more than 100 firms generating total revenues exceeding $53 billion. For more information, visit hig.com.