May 2 (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.
In January, SVB Financial had said it planned to turn over its remaining venture capital business to a new, creditor-backed company. The coalition backing the deal, which includes MFN Partners ...
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SVB Financial Group entered into a definitive agreement under which an affiliate of Pinegrove Capital Partners will buy the co’s investment platform business. SVB Capital would be acquired for a ...
Centerview Partners LLC is serving as financial advisor to SVB Financial Group SVB Financial Group is the holding company for various financial services companies, including SVB Capital Founded in ...
The buyer is a newly created entity with ties to Pinegrove Capital Partners, a Los Angeles venture capital firm. Silicon Valley Bank said it plans to sell off its venture capital arm, SVB Capital ...
SVB Financial Group, the former parent company of Silicon Valley Bank, has entered into an agreement to sell the venture capital division of SVB Capital to the newly created branch of Pinegrove ...
(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 ...
The fire sale of Silicon Valley Bank is nearly complete. This concerns the fate of SVB's venture capital business, called SVB Capital, which still manages around $9.8 billion in assets for limited ...