Citizens Advises Lacerta Group on its Recapitalization by SK Capital

Citizens M&A Advisory announced today that it served as exclusive financial advisor to Lacerta Group on its recapitalization by SK Capital.

Privately held since it was founded in 1993, Lacerta is a leading provider of innovative packaging solutions primarily serving the food end market.  The company offers a comprehensive range of custom PET packaging products including a leading line of tamper-evident products sold under the “Fresh N’ Sealed” brand.  The vast majority of Lacerta’s products are 100% recyclable, and the packaging solutions produced by the company can be made with up to 100% recycled content.

SK Capital is a private investment firm with a disciplined focus on the specialty materials, chemicals and pharmaceuticals sectors.  The firm seeks to build strong and growing businesses that create substantial long-term value.  SK Capital utilizes its industry, operating and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth and profitability as well as lower operating risk.

Mory Lotfi, Lacerta’s Principal & CFO, said: “Citizens’ M&A team did an outstanding job representing Lacerta and its shareholders.  Citizens’ deep industry knowledge was imperative in executing a highly competitive process during a global pandemic, which resulted in us finding an ideal partner in SK Capital. We were thoroughly impressed with their ability to position our business and demonstrate Lacerta’s unique value proposition in the food packaging market.”

Ralph M. Della Ratta, Co-Head of M&A Advisory at Citizens, said: “It was a pleasure representing the Lotfi family in their recapitalization of the company with SK Capital. This transaction is part of a longstanding relationship between Citizens and Lacerta.”

Added Kevin Mayer, Managing Director at Citizens: “We believe the company has found an ideal partner in SK Capital to help support its exceptional growth while continuing to innovate and further optimize operations.”

Citizens M&A Advisory specializes in middle-market mergers and acquisitions as well as later-stage financing transactions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has closed more than 150 transactions in the last five years and has more than 80 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).

For more information, please go to the Citizens M&A Advisory website.

 About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $179.2 billion in assets as of September 30, 2020. 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 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. 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. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.