Since backing Suntera in 2019, Palatine has supported the business through a series of acquisitions, growing revenue to over '70m and expanding the workforce from fewer than 250 to more than 500. Strategic M&A activity included the acquisition of US-based Socium Fund Services'Suntera's first entry into North America'as well as Carey Commercial, Nedgroup Trust, and Helm Trust Company in the Channel Islands. In parallel, the business broadened its service capabilities, strengthened global sales operations, and implemented a new ERP platform. In April 2025, Suntera refinanced its debt facilities through Carlyle's global credit platform in a multi-million pound transaction. The firm also relocated its headquarters to Jersey, a leading hub for fund services, while retaining a strong presence in the Isle of Man. Jefferies acted as sole financial adviser to Palatine and Suntera. Legal counsel was provided by Gateley on the sale and by King & Spalding on the Carlyle refinancing. KPMG led...
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