Suntera Global to sell majority stake to Valeas Capital Partners
Suntera Global, a provider of bespoke fund, corporate, and private wealth services, has agreed to sell its majority stake to private equity firm Valeas Capital Partners.
Valeas has pledged to inject 'significant new equity capital' to aid Suntera's global expansion and digital transformation.
The latest investment by Valeas will facilitate the exit of UK-based Palatine Private Equity, which has backed Suntera since a management buyout in 2019.
Subject to receipt of regulatory approvals, the deal is anticipated to close in the second half of 2025.
Established in 1980, Suntera offers a comprehensive range of administration, accounting, and governance services to corporates, fund managers, and private clients, including their family offices.
The company assists its international client base in navigating complex wealth management and cross-border capital demands, with a focus on mitigating compliance, regulatory, and reporting risks.
Suntera has over 500 employees across nine jurisdictions, including the Bahamas, the Cayman Islands, Hong Kong, the Isle of Man, Jersey, Guernsey, Luxembourg, the UK, and the US.
Suntera CEO David Hudson said: 'Taken together with our new debt partner Carlyle, Suntera is well capitalised to execute our ambitious global growth strategy.
'I'm confident we'll benefit greatly from Valeas' valuable expertise and partnership as we accelerate our continued drive towards operational excellence and an improved digital technology platform. This is an exciting milestone for Suntera on our journey to create a superior client and employee experience while expanding our capabilities and footprint globally, including in the US.'
In April, Suntera secured funding from global investment firm Carlyle to refinance existing debt and provide capital for organic growth and strategic acquisitions.
Valeas Capital Partners co-founder and managing partner Rob Little said: 'Suntera's continued momentum highlights the strength of its growth strategy and its reputation as a trusted partner for clients managing global capital in a complex environment.'
In June 2024, Suntera opened an office in London.
The London office will offer clients and professional intermediaries a physical point of access to the firm's cross-border corporate, fund, and private wealth services.
"Suntera Global to sell majority stake to Valeas Capital Partners" was originally created and published by Private Banker International, a GlobalData owned brand.
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