Silicon Valley Bank's parent snares life sciences investment bank for $280M
The parent company of Silicon Valley Bank will buy Leerink Partners LLC, a Boston-based investment bank that focuses on the life sciences and health care industries, the companies said Tuesday.
Under the deal, Silicon Valley Bank's parent company, Santa Clara-based SVB Financial Group (NASDAQ: SIVB), will pay $280 mil lion in cash for Leerink's parent company, Leerink Holdings LLC. SVB said it also will provide a $60 million "retention pool" for employees that will be be paid over five years.
Once…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Max Stendahl Source Type: news
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