SVB to sell investment bank five years after it bought the unit for less than half the price

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The founder of Silicon Valley Bank’s investment bank Jeff Leerink has won approval from U.S. bankruptcy court to buy the business for up to $130 million,...

The founder of Silicon Valley Bank’s investment bank Jeff Leerink has won approval from U.S. bankruptcy court to buy the business for up to $130 million, according to reports late Wednesday. Silicon Valley Bank had acquired Leerink Partners in 2018 for $280 million. SVB Financial Group SIVPQ has been cleared by the court to sell SVB’s investment bank to a group of buyers led by Leerink.

bankruptcy court to buy the business for up to $130 million, according to reports late Wednesday. Silicon Valley Bank had acquired Leerink Partners in 2018 for $280 million. SVB Financial Group SIVPQ has been cleared by the court to sell SVB’s investment bank to a group of buyers led by Leerink. The transaction will be backed with up to $100 million from the Baupost Group, plus $30 million in financing from a group led by Leerink, said the reports, which cited court filings.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes