Saffron Buyer LLC /
SVB Securities
Saffron Buyer LLC to purchase SVB Securities business
- Terms
- Not stated
- Stage
- Agreement signed
What happened
SVB Financial Group entered into a definitive purchase agreement for the sale of SVB Securities. The agreement is subject to final approval by the Bankruptcy Court, regulatory approval and other customary closing conditions.
The management-led bidder group will acquire the SVB Securities investment banking business through a combination of cash, assumed liabilities and a synthetic equity instrument.
The source
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Saffron Buyer LLC to purchase SVB Securities business
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