H.I.G. WhiteHorse Grants £81m Financing to Summit Group

H.I.G. WhiteHorse, the credit branch of H.I.G. Capital, has announced the provision of £81 million in senior-secured credit facilities to Summit Group. This financial support is aimed at refinancing existing debts and bolstering the acquisition of R&H Jersey. Summit, associated with Sovereign Capital Partners, offers fiduciary and advisory services to private clients.

The merger with R&H is set to enhance service offerings and infrastructure, with over 370 professionals in locations such as the UK and the Channel Islands. The acquisition is seen as a pivotal move, expanding Summit's scale in the private client sector, especially across Jersey.

The transaction underscores H.I.G.'s commitment to fostering strategic growth within its portfolio, in collaboration with Sovereign Capital Partners. Michael Lucas of H.I.G. WhiteHorse Europe expressed optimism in supporting Summit’s expansion endeavors.