Financial Services: Sovereign Capital Partners’ investment in Aquitaine Group
Armstrong has provided Commercial Due Diligence support for Sovereign Capital Partners’ investment in Aquitaine Group, a specialist private client trust and corporate services provider.
Based in Guernsey, Aquitaine has an excellent reputation for providing private client trust services including estate planning and wealth management structures, together with corporate fiduciary services. Aquitaine has a strong and growing referral network among law firms and other intermediaries. Guernsey is an attractive jurisdiction for private clients and their advisers, given its reputation, regulatory culture, and high-quality network of professional services firms.
Armstrong conducted full buy-side CDD, including extensive customer and intermediary referencing, interviewing market experts and competitors, and an assessment of the complex market and fragmented competitive environment.
Armstrong also tested Aquitaine’s opportunity to execute a targeted buy-and-build strategy to expand capabilities across multiple jurisdictions in the trust, fund, and corporate services sectors. As part of that work, Armstrong advised on Aquitaine’s acquisition of Summit Trust International, based in Switzerland, as part of its buy & build strategy to establish a leading multi-jurisdictional private client trust business.
Alex Hay at Sovereign Capital Partners said “We are pleased to have completed our investments in Aquitaine and Summit with the support of Simon and the Armstrong team. They carried out an extensive client, intermediary, and market referencing programme and used their experience in the sector to provide clear and commercial insight which was key to supporting our investment hypothesis. We thank the Armstrong team for their hard work and we look forward to working with them again in the future.”
To find out Armstrong’s views on opportunities in the financial services sector, please contact:
Simon Hemsley, PartnerEmail Simon