Introducing SVB Leerink: SVB bags Leerink Partners for $280M as a major player spreads its wings during a life sciences boom
The parent company of Silicon Valley Bank has scooped up Leerink Partners for $280 million, adding a high-profile investment bank that plays a big role in the life sciences industry.
The all-cash acquisition comes with a $60 million pool to retain employees, to be paid out over 5 years.
Leerink is right at the crossroads of capital in life sciences, with a group of analysts who are marquee names in biotech, including Geoffrey Porges. The deal extends SVB’s influence well beyond the banking services that Silicon Valley Bank has become widely known for as the industry enjoys one of the biggest booms in its history. And it gives them a much bigger stake in the industry during a big IPO boom.
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