Citizens Expands Corporate Banking Team in New York and New Jersey

Citizens appointed Anthony Selvaggio New York City market executive and hired Robert Milas as Long Island market executive and Gino Di Saverio as northern and central New Jersey market executive for the bank’s corporate banking team.

July 28, 2023 Anthony Selvaggio | Citizens | Gino Di Saverio | Rebecca O’Connell | Robert Milas Phil Neuffer

H.I.G. Capital Completes Sale of Riveron to Kohlberg

H.I.G. Capital, a global alternative investment firm with $57 billion of capital under management, completed the sale of its portfolio company Riveron to affiliates of Kohlberg & Company. H.I.G. will continue its partnership with Riveron through a minority investment. The sale was first announced in June. 

July 14, 2023 Citizens | Greenberg Traurig | Guggenheim Securities | H.I.G. Capital | Jefferies Group | Jon Contos¸ Keval Patel | Julie Howard | Kohlberg | McDermott Will & Emery | Moelis & Company | Riveron | Ropes & Gray Ian Koplin

Kohlberg Acquires Riveron, HIG Continues Partnership

Riveron, a national business advisory firm focused on the office of the CFO, private equity and other capital providers, entered into a definitive agreement to be acquired by affiliates of Kohlberg & Company. H.I.G. Capital will continue its partnership with Riveron through a minority investment.

June 12, 2023 Ahmed Wahla | Citizens | Greenberg Traurig | Guggenheim Securities | H.I.G. Capital | Jefferies Group | Julie Howard | Keval Patel | Kohlberg & Company | McDermott Will & Emery | Moelis & Company | Riveron | Ropes & Gray Ian Koplin

Citizens Provides Asset-Backed Credit Facility to Belknap White Group

Citizens provided an asset-backed credit facility to the Belknap White Group to refinance existing debt, provide funds to acquire the assets of Swiff-Train Corporation and support future growth. The new facility consolidates two separate facilities provided by Citizens.

May 18, 2023 Belknap White Group | Citizens | Kevin Chamberlain | Paul Castagliuolo | Swiff-Train Corporation Ian Koplin

Citizens Leads $750MM Credit Facility for Hexcel Corp.

Citizens is serving as lead left arranger, lead bookrunner and administrative agent for a $750 million senior credit facility for Stamford, CT-based Hexcel Corporation.

May 2, 2023 Citizens | Hexcel Corporation | Jerry Sargent | Patrick Winterlich Ian Koplin

Citizens Business Conditions Index Bounces Back in Q1/23

Citizens announced its national Citizens Business Conditions Index (CBCI) rose to 53.9 in Q1/23, reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends.

April 27, 2023 Citizens | Eric Merlis Ian Koplin

Citizens Business Conditions Index Drops Sharply in Q4/22

Citizens announced its Citizens Business Conditions Index (CBCI) dropped to 48.5 in Q4/22, ending a streak of eight consecutive quarters in growth mode above 50 and reflecting cooling sentiment as rate hikes from the Federal Reserve have their intended effect.

January 26, 2023 Citizens | Eric Merlis Ian Koplin

Citizens M&A Outlook Optimistic Despite Headwinds

Citizens’ 2023 M&A Outlook revealed both upbeat expectations for company performance and high desire for growth in a low-growth world in the coming year.

January 11, 2023 Citizens | Citizens M&A Advisory | Jason Wallace Ian Koplin

Citizens Launches Carbon Offset Deposit Accounts for Corporate Clients

Citizens launched a carbon offset deposit account solution to provide corporate clients with a way to acquire carbon offsets using credit earned on their deposits and to integrate sustainability into their strategies and products.

October 13, 2022 Citizens | Michael Cummins Ian Koplin

Citizens Provides $50MM Credit Facility to Crosslake Technologies

Citizens provided a $50 million credit facility to Charlotte, NC-based Crosslake Technologies. Citizens is left lead arranger and administrative agent. The credit has a $25 million revolving line of credit and a $25 million term loan.

September 19, 2022 Barr Blanton | Citizens | Crosslake Technologies | Falfurrias Capital Partners | Wilson Sullivan Ian Koplin