SVB Financial to sell SVB Securities in management buyout

CEO Jeff Leerink is leading the bidder group.

  • SVB Securities is backed by The Baupost Group
  • When the deal closes, the unit will be renamed Leerink Partners, which was its name before SVB’s acquisition
  • The investment bank has raised more than $230 billion of capital

SVB Financial has agreed to sell Boston-based healthcare-focused investment bank SVB Securities in a management buyout.

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