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Citizens Financial Closes Acquisition of Investment Banking Firm DH Capital.

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MANews-(C)2009-2022

US-based banking company Citizens Financial Group, Inc. (NYSE: CFG) has closed the purchase substantially all of the assets of US-based private investment banking firm DH Capital LLC, the company said.

DH Capital serves companies in the Internet infrastructure, software and next generation IT services, and communications sectors.

This transaction, which follows several recent moves by Citizens to add key talent and solutions, further strengthens Citizens' growing corporate advisory capabilities.

Headquartered in New York City with an additional office in Boulder, Colorado, DH Capital has completed more than 200 merger and acquisition transactions totaling approximately USD 35bn in value.

The DH Capital acquisition will bring additional digital infrastructure sector expertise to the Citizens M and A Advisory team.

It follows acquisitions earlier this year of JMP Group LLC and Willamette Management Associates that also expanded Citizens' corporate advisory team. In particular, the DH Capital acquisition complements the JMP deal and rounds out Citizens' technology advisory capabilities.

The transaction will be funded with cash.

Under the terms of the agreement, Citizens' wholly-owned subsidiary, Citizens Capital Markets, Inc, will...

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