DH Capital, which also has an office in Boulder,
Colo., serves companies in the Internet infrastructure, software and next-gen
IT services, and communications sectors.
The $170 billion-asset Citizens did
not disclose the price it paid.
DH Capital has completed more than 200 M&A
transactions totaling about $35 billion in value.
“The DH Capital team brings us deep expertise
in the digital infrastructure sector, a key and ongoing area of opportunity in
today’s highly dynamic commercial market,” Donald McCree, vice chairman and
head of commercial banking at Citizens, said in a Wednesday press release.
Citizens earlier this year bought JMP Group and
Willamette Management Associates to expand its corporate advisory team.
The deal is expected to close in the first quarter.
Willkie Farr & Gallagher advised Citizens.
Keefe, Bruyette & Woods and Mayer Brown advised DH Capital.
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