Citi agreed to sell its onshore consumer wealth portfolio in China, including clients, assets under management and deposits, to HSBC Bank China. The transaction covers total deposits and investment assets under management of approximately $3.6 billion.
Citi unveiled changes to its organization model, introducing a new, flatter structure that elevates the leaders of five businesses and eliminates management layers with the goal of accelerating decision making, increasing accountability and strengthening client focus.
ChargePoint, an electric vehicle charging network, entered a new credit agreement that provides for a $150 million revolving credit facility led by JPMorgan Chase Bank as administrative agent and joint lead arranger.
Defacto, a French lender, closed a securitization fund with Citi and Viola Credit for up to €167 million ($186.5 million). Citi will be the senior lender of the fund, while Viola Credit has renewed its trust in Defacto by continuing its support as a mezzanine lender of the fund.
Social Mobile, a provider of enterprise mobility solutions, secured a $35 million senior credit facility from Citi.
BMO Financial Group entered into a definitive agreement to acquire Radicle Group, a Canadian provider of sustainability advisory services and solutions and technology-driven emissions measurement and management.
LiquidX, a global financial technology platform for digitization, monetization and risk mitigation for working capital, trade finance and insurance assets, finalized a strategic investment from Citi. The funding round was led by Broadridge, LiquidX’s largest strategic investor.
Versana plans to launch an industry-backed syndicated loan platform, joining together banks, institutional lenders and their service providers to bring transparency, efficiency and velocity to this $5 trillion market.
Voyager Aviation Holdings, an aircraft asset lessor and manager, closed a five-year, senior secured warehouse facility with an initial committed amount of $500 million. Citi is acting as the administrative agent and security trustee for the facility.
Iveco Group signed a €1.9 billion ($2.14 billion) syndicated facility with a syndicate of banks that includes BBVA, Barclays, BNP Paribas, BofA Securities, Citi, Deutsche Bank, Intesa Sanpaolo and Mediobanca – Banca di Credito Finanziario.