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SVB Financial to sell Boston-based SVB Securities to management team

Por: The Boston Globe Business June 19, 2023

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SVB Financial Group agreed to sell SVB Securities, its investment banking business, to the management team bidder group led by SVB Securities Chief Executive Officer Jeff Leerink.The group will acquire SVB Securities for a combination of cash, repayment of an intercompany note, assumption of certain liabilities and a 5 percent equity instrument in the buyer entity, SVB Financial Group said in a statement on Sunday. The securities branch will... + full article



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