SVB Securities Management Exploring Buying Firm Back

March 12, 2023, 12:09 AM UTC

The managers of Silicon Valley Bank’s investment banking arm are exploring ways to buy the firm back from its parent, according to people familiar with the matter.

The head of SVB Securities, Jeff Leerink, and his team are seeking help to finance a potential management buyout of the business, said the people, who asked to not be identified because the matter isn’t public. They are rushing to do a speedy deal as regulators seek a buyout for the remnants of SVB Financial Group after its Silicon Valley Bank was seized by regulators last week, one of the people said. ...

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