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Private Equity
citizenscapital.com

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Investments

48

Portfolio Exits

12

About Citizens Capital

As the private equity arm of Citizens Financial Group, Inc., Citizens Capital provides customized mezzanine and equity capital to later-stage privately held businesses across the United States. Citizens Capital has invested more than $500 million since inception. Their portfolio companies come from a variety of industries and include manufacturers, consumer product companies, distributors, and service companies. Subordinated debt investments typically range from $3 million - $15 million and growth equity investments range from $1 million - $3 million.

Citizens Capital Headquarter Location

28 State St.

Boston, Massachusetts, 02109,

United States

617-725-5636

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Expert Collections containing Citizens Capital

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Fortune 500 Investor list

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Latest Citizens Capital News

Citizens Financial Group Announces Pricing of $400 Million of its Subordinated Notes and $650 Million of Citizens Bank, N.A. Senior Notes

May 18, 2022

. Senior Notes Citizens Financial Group Announces Pricing of $400 Million of its Subordinated Notes and $650 Million of Citizens Bank, N.A. Senior Notes PROVIDENCE, R.I.–(BUSINESS WIRE)–Citizens Financial Group, Inc. (NYSE: CFG) today announced the pricing of concurrent unsecured note offerings by CFG and its banking subsidiary Citizens Bank, N.A. (“CBNA”) of $1.05 billion aggregate principal amount, consisting of: $400 million of CFG 5.641% fixed-reset subordinated notes due 2037 (the “CFG Subordinated Notes”) $650 million of 4.119% fixed-to-floating rate senior notes due 2025 (the “CBNA Senior Notes”) CFG and CBNA each intend to use the net proceeds of the note offerings for general corporate purposes. The note offerings are both expected to close on May 23, 2022, subject to customary closing conditions. BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Citizens Capital Markets, Inc. are acting as joint book-running managers for the note offerings. The CFG Subordinated Notes are being offered pursuant to an effective shelf registration statement, including a prospectus, filed by CFG with the U.S. Securities and Exchange Commission (“SEC”). Before investing in the CFG Subordinated Notes, investors should read the prospectus in that registration statement, the related prospectus supplement and other documents CFG has filed with the SEC for more complete information about CFG and the offering. These documents may be obtained for free by visiting the SEC website at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering of the CFG Subordinated Notes will arrange to send you the prospectus contained in the registration statement, together with the related prospectus supplement, if you request it by contacting BofA Securities, Inc. at 1-800-294-1322, Goldman Sachs & Co. LLC at 1-866-471-2526, J.P. Morgan Securities LLC at 1-212-834-453, Morgan Stanley & Co. LLC toll-free at 1-866-718-1649 and Citizens Capital Markets, Inc. at 1-203-900-6763. The CBNA Senior Notes are being offered under CBNA’s $10.0 billion Global Bank Note Program. The CBNA Senior Notes are not deposits and are neither insured nor approved by the Federal Deposit Insurance Corporation or any other government agency and are subject to investment risk, including the possible loss of principal. The CBNA Senior Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and are being offered pursuant to an exemption from registration under the Securities Act provided by Section 3(a)(2) thereof. A purchaser of the CBNA Senior Notes, in making a purchase, will be deemed to have represented and agreed that it is an institution that is an accredited investor within the meaning of the SEC’s Rule 501(a) under the Securities Act, that it is purchasing the CBNA Senior Notes for its own account or the account(s) of one or more other investors that are accredited investors and that it, or each of the other accredited investors, owning a beneficial interest in a CBNA Senior Note will hold an undivided beneficial interest in a principal amount of not less than $250,000 at all times. This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $192.1 billion in assets as of March 31, 2022. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,200 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. Forward-Looking Statements “Safe Harbor” Statement within the meaning of the Private Securities Litigation Reform Act of 1995: This communication contains “forward-looking statements” — that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” or “target.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include the failure to consummate this transaction or to make or take any filing or other action required to consummate any such transaction on a timely matter or at all. These or other uncertainties may cause our actual future results to be materially different from those expressed in our forward-looking statements. CFG-IR

Citizens Capital Investments

48 Investments

Citizens Capital has made 48 investments. Their latest investment was in Make.org as part of their Seed VC on November 11, 2017.

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Citizens Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/9/2017

Seed VC

Make.org

$2.33M

Yes

1

3/31/2010

Growth Equity

Rungis Nature

$1.35M

Yes

1

4/17/2006

Unattributed VC

AeroSat

$30.6M

Yes

6/20/2005

Series C

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$99M

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0

5/5/2004

Unattributed VC

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$99M

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0

Date

11/9/2017

3/31/2010

4/17/2006

6/20/2005

5/5/2004

Round

Seed VC

Growth Equity

Unattributed VC

Series C

Unattributed VC

Company

Make.org

Rungis Nature

AeroSat

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Amount

$2.33M

$1.35M

$30.6M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

0

0

Citizens Capital Portfolio Exits

12 Portfolio Exits

Citizens Capital has 12 portfolio exits. Their latest portfolio exit was Brainshark on August 23, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/23/2021

Acquired

$99M

2

11/17/2020

Acquired

$99M

1

2/20/2018

Acquired - II

$99M

1

10/1/2013

Acquired

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$99M

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10

11/23/2010

Acquired

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$99M

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10

Date

8/23/2021

11/17/2020

2/20/2018

10/1/2013

11/23/2010

Exit

Acquired

Acquired

Acquired - II

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

1

1

10

10

Citizens Capital Acquisitions

2 Acquisitions

Citizens Capital acquired 2 companies. Their latest acquisition was The Faucet Queen on April 25, 2006.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/25/2006

$99M

Acq - Fin

1

6/14/2000

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$99M

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0

Date

4/25/2006

6/14/2000

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acq - Fin

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Sources

1

0

Citizens Capital Team

10 Team Members

Citizens Capital has 10 team members, including former Chief Executive Officer, President, Thomas Hollister.

Name

Work History

Title

Status

Thomas Hollister

Chief Executive Officer, President

Former

Robert Garrow

President

Former

Gail R Long

President

Former

William Casserly

Chief Financial Officer

Former

Kathy Guilfoyle

Chief Financial Officer

Former

Name

Thomas Hollister

Robert Garrow

Gail R Long

William Casserly

Kathy Guilfoyle

Work History

Title

Chief Executive Officer, President

President

President

Chief Financial Officer

Chief Financial Officer

Status

Former

Former

Former

Former

Former

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