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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