Jeff Leerink Group to acquire SVB Securities from SVB Financial Group
SVB Financial Group (Pink Sheets: SIVBQ) yesterday announced that it has entered into a definitive purchase agreement with the management team bidder group led by Jeff Leerink, SVB Securities’ Chief Executive Officer and Founder, and backed by funds managed by The Baupost Group L.L.C., for the sale of its investment banking business, SVB Securities. A hearing […]
SVB Financial Group announces appointment of restructuring committee
SVB Financial Group announced yesterday that its Board of Directors has appointed a restructuring committee consisting of five independent directors to explore strategic alternatives for the holding company and its SVB Capital and SVB Securities businesses, as well as its other assets and investments. Both of these businesses are separate divisions of SVBFG and not […]
