Pinegrove, 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 Financial to sell venture capital business to Pinegrove affiliate
SVB Financial (OTC:SIVBQ) late on Thursday announced that a newly created entity affiliated with Pinegrove, and backed by permanent capital from Brookfield Asset Management (TSX:BAM:CA) and Sequoia Heritage,
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 seeks to sell venture capital arm
Silicon Valley Bank said it plans to sell off its venture capital arm, SVB Capital to a newly created entity with ties to Pinegrove Capital Partners, a Los Angeles venture capital firm.
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.
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 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.
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 Group Enters into Definitive Agreement for the Sale of SVB Capital
Pinegrove Affiliate to Acquire SVB Capital SVB Capital and Pinegrove to Operate Independently with Common Sponsorship and Shared Mission to Serve the Venture Ecosystem SAN FRANCISCO, May 2, 2024 /PRNewswire/ -- 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
Good banks today want to be seen as boring
Regional US financial institutions are promoting themselves as stodgy, stuffy and dull in response to industry failures.
Investors Seek Billions From SVB’s Husk. Why Regulators Refuse to Pay
The dust had barely settled after Silicon Valley Bank’s collapse last year when savvy investors began lining up for a big ...
American Banker3d
Comerica hires former SVB risk exec, Huntington names wealth chief
Former Silicon Valley Bank exec Floyd Kessler joins Comerica as executive vice president and chief business control officer; ...
Inside the ‘cold war’ at Techstars as CEO Mäelle Gavet hires, fires, fights to force change
Last spring, founders from all over the world began their treks to Techstars’ Stockholm accelerator program. The bank’s ...
PE Hub3d
SVB Capital sold; Littlejohn & Co to exit Motion Recruitment Partners; plus 6 PE deals in the traveling sector
Get hired Littlejohn & Co has agreed to sell Motion Recruitment Partners, a Boston-based recruitment firm, to Kelly Services ...
First Citizens profit beats estimates as Silicon Valley Bank stabilizes
First Citizens BancShares' first-quarter profit beat expectations as the lender earned higher interest income and started ...
Five things: Steward Health, Shannon O'Brien, SVB Capital and the season opening at Salem Willows
Good morning. Here are the five things you need to know in Boston business news to start your day, including the latest on Shannon O'Brien, a sale of SVB Capital and the first-of-the-year tip to Salem ...
cryptopolitan on MSN2d
How stablecoins are shaking up parallel financial networks
As the crypto market rebounds from its low in 2022, stablecoins are capturing widespread attention. These tokens, created by ...