Tag Archives: Piper Sandler

Citizens Financial Enters Merger Agreement with Investors Bancorp, Transaction Valued at $3.5B

Citizens Financial Group and Investors Bancorp entered into a definitive agreement and plan of merger under which Citizens will acquire all of the outstanding shares of Investors for a combination of stock and cash.

CVB Financial and Suncrest Bank to Merge, Transaction Valued at $204MM

CVB Financial and Suncrest Bank entered into an agreement and plan of reorganization and merger pursuant to which Suncrest Bank will merge with and into Citizens Business Bank in a stock and cash transaction valued at approximately $204 million.

Blue Ridge and FVCB Sign Definite Merger Agreement

Blue Ridge Bankshares, the parent company of Blue Ridge Bank, and FVCBankcorp, the parent company of FVCbank, entered into a definitive agreement pursuant to which the companies will combine in an all-stock merger of equals.

U.S. Bank Enters Agreement to Acquire PFM Asset Management

U.S. Bank entered into a definitive agreement to purchase PFM Asset Management under its subsidiary, U.S. Bancorp Asset Management. PFM Asset Management will continue to operate as a separate entity. The agreement was signed on July 7 and is expected to close in Q4/21.

BofA and Goldman Sachs Provide Debt Financing for Platinum Equity’s Acquisition of Solenis

Platinum Equity signed a definitive agreement to acquire Solenis from Clayton, Dubilier & Rice and BASF in a transaction that implies an enterprise value for Solenis of $5.25 billion. BofA Securities and Goldman Sachs are leading the debt financing for the acquisition.

RBC and Truist Provide Debt Financing to Support Deerfield’s Business Combination with CareMax

Deerfield Healthcare Technology Acquisitions closed its business combination with CareMax Medical Group and IMC Medical Group Holdings. The combination was partially funded by $125 million in financing from a $185 million credit facility from RBC Capital Markets and Truist Securities.

Webster and Sterling to Combine, Merger Valued at $10.3B

The boards of directors of Webster Financial and Sterling Bancorp unanimously approved a definitive agreement under which the two companies will combine in an all-stock merger of equals transaction with a total market value of approximately $10.3 billion.