Pinegrove Capital Partners (backed by Brookfield and Sequoia Heritage) Acquires SVB Capital from SVB Financial Group
September 26, 2024
SVB Financial Group has completed the sale of its investment platform business, SVB Capital, to affiliates of Pinegrove Capital Partners, with backing from Brookfield Asset Management and Sequoia Heritage. The transaction — a divestiture completed as part of SVB Financial Group’s post‑Chapter 11 restructuring — was for a combination of cash and other economic interests.
- Buyers
- Pinegrove Capital Partners, Brookfield Asset Management, Sequoia Heritage
- Targets
- SVB Capital
- Sellers
- SVB Financial Group
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Divestiture
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