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PE-backed international trust group makes Jersey acquisition

News Team, 14/12/2023

Jersey-based Garfield-Bennett Trust Company Limited has been acquired by the Summit Group, with support from private equity firm Sovereign Capital Partners.

Garfield-Bennett will expand Summit Group’s international footprint and referrer base as part of the latter’s ‘Buy & Build’ strategy that has been in place since Sovereign Capital Partners supported the MBO of Summit Group in 2020.

Matt Claxton, chief executive of Summit ...


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