SVB has agreed to acquire Leerink for $280 mln

SVB Financial Group, the parent company of Silicon Valley Bank, has agreed to acquire Leerink Holdings LLC for $280 million in cash upfront. The deal is expected to close in the first quarter of next year. The new company SVB Leerink will operate as a subsidiary of SVB Financial Group. Leerink Holdings is the Boston-based parent company of Leerink Partners, an investment bank focused on the healthcare and life science industries.

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