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New Deal


Announced

Completed

Citizens Financial completed the acquisition of JMP Group for $149m.

Financials

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Transaction Value£108m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Acquisition

asset management

Single Bidder

Domestic

Investment Banking

investment banking

Friendly

United States

Public

Completed

Synopsis

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Citizens Financial, a provider of full range of commercial banking services, completed the acquisition of JMP Group, a full-service investment banking and asset management firm, for $149m. “The acquisition of JMP represents an attractive opportunity for us to continue to broaden both our capabilities and our customer base in our commercial banking segment. The acquisition further strengthens Citizens’ growing corporate finance and strategic advisory capabilities, with a focus on high growth and compelling industry sectors," Bruce Van Saun, Citizens Chairman and CEO.

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