SANTA CLARA, Calif., June 18, 2023 /PRNewswire/ -- SVB Financial Group (PINKSHEETS:SIVBQ) today 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 to seek required court approval is scheduled for June 29, 2023, and the transaction is expected to close shortly thereafter.
Read more at prnewswire.comSVB Financial Group Enters into Definitive Purchase Agreement to Sell SVB Securities to Management Team Group Led by Jeff Leerink and Backed by The Baupost Group
PR Newswire - Press Release
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