SVB Financial Group to Sell SVB Capital to Pinegrove Affiliate

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 combination of cash and other economic consideration
• As part of this differentiated partnership, Pinegrove and SVB Capital will operate independently
• Deal supported by SVB Financial Group and key creditor groups
  • Deal is subject to Bankruptcy Court and regulatory approval

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Nurin Sofia in Singapore at nsofia@bloomberg.net

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