Palatine has completed the sale of Suntera Global to Valeas Capital Partners in a secondary buyout, generating a 2.7x return for investors.

The exit concludes a five-year investment period marked by transformational growth and international expansion for the fund administration and corporate services provider.

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.

The deal is subject to regulatory approval.

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 financial due diligence, with commercial due diligence from Oliver Wyman, regulatory review by Waystone, and legal support for management from Mischon de Reya. Wyvern advised the management team.

Source: Insider Media