Financial Services: Supporting the acquisitions of Garfield-Bennett and Sanctuary by Summit Group, backed by Sovereign Capital 

Armstrong is pleased to have provided due diligence to Sovereign Capital Partners (Sovereign) in support of two acquisitions by the Summit Group – Garfield-Bennett in December 2023 and Sanctuary in January 2024.

Jersey-based Garfield-Bennett was established in 1995 as Garfield-Bennett English Solicitors. In 2004 Garfield-Bennett Trust Company Ltd was created to manage trust and company services. It has since built a diverse international client base, including corporate entities, high-net-worth individuals, families, and institutions, and become one of the most reputable and trusted providers in the Jersey financial sector.

Established in 2019 as a boutique advisory firm, Sanctuary is now a market-leading provider of services to entrepreneurs and families in the UAE, offering a comprehensive range of fiduciary, tax and advisory services that cater to the unique and complex requirements of clients in the region.

Summit Group is a leading independent provider of fiduciary and administrative services. The addition of Garfield-Bennett and Sanctuary broadens the range of services the combined group can offer to clients, and increases the group’s international presence.  Summit Group now has offices in the Cayman Islands, Guernsey, Jersey, Switzerland and the UK, as well as in Dubai, Abu Dhabi and Saudi Arabia. The Middle East is a high growth market for fiduciary services, and the addition of Sanctuary represents a strategic move to capitalise on the burgeoning opportunities within the region.

Sovereign’s investment will drive Summit Group’s ambition to build a selectively global fiduciary group capitalising on the growth market for fiduciary services.

If you are interested in talking to Armstrong about opportunities in the Financial Services sector, please contact: 

Rick Romanelli

[email protected] 
+44 7908 906 907