Citizens Financial Group Expands Corporate Finance Team with Trinity Capital Acquisition
Transaction strengthens coverage with additional sector expertise
Citizens Financial Group, Inc. [NYSE: CFG] today announced a definitive agreement to purchase the assets of Trinity Capital, a
“The addition of the Trinity Capital team expands our ability to act as a trusted strategic and financial partner,” said Ted Swimmer, head of corporate finance and capital markets for Citizens Commercial Banking. “Trinity adds deep expertise in the restaurant, retail, food and beverage, and agricultural sectors while strengthening our overall coverage nationally.”
“We share Citizens’ commitment to providing exceptional solutions and look forward to delivering the bank’s broad set of capabilities to our growing client base,” said Trinity Capital Managing Director Kevin Burke, who founded the firm in 2000.
Since 2000, Trinity Capital has closed more than 500 transactions. The firm focuses on providing financial advice to middle-market businesses on debt restructuring, leveraged and management buyouts, and private placements of debt and equity.
The transaction will be funded with cash and is expected to close later this quarter subject to regulatory approval. Under the terms of the agreement, Citizens’ wholly-owned subsidiary, Citizens Capital Markets, Inc. (“CCMI”), will purchase the assets of Trinity Capital and upon closing, Trinity Capital will operate as a division of CCMI. Terms of the transaction were not disclosed.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with
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Source: Citizens Financial Group, Inc.