Citizens Financial Group’s Acquisition of Western Reserve Partners


Debevoise & Plimpton LLP is advising Citizens Financial Group, Inc. on its acquisition of Western Reserve Partners LLC, a merger and acquisition advisory firm.

The transaction is expected to close this month, subject to Western Reserve receiving FINRA approval. All other regulatory approvals have been secured.

Headquartered in Providence, Rhode Island, Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $150.3 billion in assets as of March 31, 2017. This acquisition will further strengthen Citizens’ ability to serve commercial clients by accelerating the build out of its M&A and financial advisory capabilities.

The Debevoise team is led by partners Gregory J. Lyons (Picture) and David L. Portilla and included partners Michael Bolotin, Jeffrey P. Cunard and Elizabeth Pagel Serebransky, counsel David Aman and associates Joseph M. Binder, Alison E. Buckley-Serfass and Lilya Tessler.

Involved fees earner: Gregory Lyons – Debevoise & Plimpton; David Aman – Debevoise & Plimpton; David Portilla – Debevoise & Plimpton; Lilya Tessler – Debevoise & Plimpton; Michael Bolotin – Debevoise & Plimpton; Joseph Binder – Debevoise & Plimpton; Jeffrey Cunard – Debevoise & Plimpton; Elizabeth Pagel Serebransky – Debevoise & Plimpton; Alison Buckley-Serfass – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Citizens Financial Group, Inc.;

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Author: Ambrogio Visconti