On the Record · SVB Financial Group
SVB Financial Group acquisitions, on the record
The businesses SVB Financial Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Boston Private Financial Holdings, Inc.Word for word“On January 4, 2021, SVBFG, entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Boston Private Financial Holdings, Inc., a Massachusetts corporation (“Boston Private”).” 10-K for 2020 | agreed acquisition | On January 4, 2021 | — |
debt fund business of WestRiver Group (WRG)Word for word“SVB Capital manages over $6.8 billion of funds on behalf of third party limited partner investors and, on a more limited basis, SVB Financial Group.” 10-K for 2020 | acquisition | — | — |
WestRiver Group's debt fund businessWord for word“We face risks in connection with our strategic undertakings and new business initiatives.” 10-K for 2020 | acquisition | — | — |
MoffettNathanson LLCWord for word“SVB also expanded equity research coverage to include Technology companies with the acquisition of MoffettNathanson LLC in 2021.” 10-K for 2021 | acquisition | in 2021 | — |
Leerink Holdings LLC, now known as SVB SecuritiesWord for word“With the acquisition of Leerink Holdings LLC, now known as SVB Securities, we have also expanded into new lines of business, namely, investment banking and M&A advisory services.” 10-K for 2021 | acquisition | — | — |
WRG (debt fund business)Word for word“Gains of $16 million from carried interest on our managed credit funds, acquired from WRG which closed on December 23, 2020.” 10-K for 2021 | acquisition | closed on December 23, 2020 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | — | $0 | — |
| 2017-12-31 | $0 | $3 million | — |
| 2018-12-31 | $0 | $0 | — |
| 2019-12-31 | $102 million | $0 | $137.8 million |
| 2020-12-31 | $27 million | — | $5 million |
| 2021-12-31 | −$1.08 billion | — | $232 million |
| 2022-12-31 | $0 | — | $0 |
Deal filings since 2016
- 2024-05-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-01-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-06-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-14 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-08-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-01-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from SVB Financial Group’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.