Pinegrove, SVB Capital
SVB agrees to sell venture capital arm for $340 million
The fire sale of Silicon Valley Bank is nearly complete, a scant 14 months after the lender's spectacular collapse. Why it matters: This concerns the fate of SVB's venture capital business, called SVB Capital,
SVB Financial to sell VC business SVB Capital
(Reuters) -Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its venture capital business, SVB Capital. A newly-created entity,
SVB to sell venture-capital arm to investment firm Pinegrove
SVB Capital will be acquired for a combination of cash and “other economic consideration,” the companies said, without giving details on the deal’s value.
SVB Financial signs contract for the sale of SVB Capital
A definitive agreement has been reached by SVB Financial Group whereby its investment platform business, SVB Capital, will be acquired by a newly established entity associated with Pinegrove Capital Partners ("Pinegrove"), supported by ongoing funding from Brookfield Asset Management ("Brookfield") and Sequoia Heritage.
SVB Financial Group to sell investment firm SVB Capital
US lender SVB Financial Group has agreed to sell investment firm SVB Capital to a newly created entity affiliated with Pinegrove and backed by Brookfield Asset Management and Sequoia Heritage. No financial terms were disclosed. As part of this partnership, Pinegrove and SVB Capital will operate independently.
SVB Financial Group Enters into Definitive Agreement for the Sale of SVB Capital
SVB Financial Group (Pink Sheets: SIVBQ) today announced that it has entered into a definitive agreement under which a newly created entity affiliated with Pinegrove Capital Partners ("Pinegrove") and backed by permanent capital from Brookfield Asset Management ("Brookfield") and Sequoia Heritage,
SVB Financial to sell investment platform business SVB Capital
Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its investment platform business, SVB Capital.
Pinegrove Affiliate To Acquire SVB Capital
SVB Financial Group (SIVBQ) said that it has reached a definitive agreement by which a newly created entity affiliated with Pinegrove
SVB Financial to sell venture capital business to Pinegrove affiliate
SVB Financial announces the sale of SVB Capital to a Pinegrove affiliate backed by Brookfield Asset Management and Sequoia Heritage.
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SVB Financial set to offload VC unit to Pinegrove affiliate
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