NEW
YORK, Dec. 7, 2023 /PRNewswire/ -- First
Citizens Bank today announced that its Healthcare
Finance business served as joint lead arranger and joint
bookrunner on financing for The Halifax Group's acquisition of the
Worldwide Home Care division of Sodexo, a global home care services
platform for personal and complex services for seniors and
individuals with disabilities or chronic conditions.
Founded in 2009, the Worldwide Home Care division of Sodexo
manages a portfolio of 10 premium brands across eight countries,
each with a localized strategy to serve unique patient populations.
The company operates through over 700 locations and serves
approximately 17,000 clients worldwide.
The financing will fund the acquisition of the Worldwide Home
Care division of Sodexo and provide additional liquidity for
general corporate purposes.
"The Worldwide Home Care division of Sodexo plays an important
role in helping individuals across the globe to live independently
in the comfort of their own homes," said Scott Plumridge, managing partner at The Halifax
Group. "We appreciate the skillset and certainty of execution of
the First Citizens Healthcare Finance team in arranging financing
for this acquisition, which allows us to deliver exceptional
service to more clients and families."
"The Halifax Group is an experienced investor in the health and
wellness, franchising and outsourced business services sectors,"
said William Douglass, group head
and managing director of First Citizens Healthcare Finance. "We
enjoyed working with them on financing for past strategic
investments and acquisitions and appreciate the opportunity to work
together again on their acquisition of the Worldwide Home Care
division of Sodexo."
"We are pleased to support The Halifax Group through the entire
lifespan of this deal, from their initial review during the sale
process to closing," said David
Gibbs, a managing director of Healthcare Finance at First
Citizens. "This financing demonstrates our team's ability to
deliver on complex transactions that span multiple geographies and
currencies."
First Citizens Healthcare Finance provides comprehensive
financing and banking solutions to middle market healthcare
companies across the U.S. Using a client-focused and
industry-centric model, Healthcare Finance can tailor its products
and services to help clients meet their needs for growth
capital.
About First Citizens Bank
First Citizens Bank helps
personal, business, commercial and wealth clients build financial
strength that lasts. Headquartered in Raleigh, N.C., and now celebrating the 125th
anniversary of its founding, First Citizens has built a unique
legacy of strength, stability and long-term thinking that has
spanned generations. First Citizens offers an array of general
banking services including a network of more than 500 branches and
offices in 30 states; commercial banking expertise delivering
best-in-class lending, leasing and other financial services coast
to coast; innovation banking serving businesses at every stage; and
a nationwide direct bank. Parent company First Citizens BancShares,
Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with
more than $200 billion in assets.
Discover more at firstcitizens.com.
MEDIA RELATIONS:
Lexa Tutela
Losey
212-461-5305
Lexa.tutela@firstcitizens.com
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SOURCE First Citizens Bank