Citizens Capital Markets & Advisory has announced that it acted as the exclusive financial advisor for LayerZero Power Systems, Inc. in the sale of a majority stake to Advent International. LayerZero, established in 2001 and based in Aurora, Ohio, is a prominent manufacturer of critical power equipment for data centers and other essential applications. The partnership with Advent, a global private equity investor, is set to enhance LayerZero's operational scale. Milind Bhanoo, co-founder and CEO of LayerZero, expressed gratitude towards Citizens for their comprehensive support throughout the process.
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