SVB Financial Group acquired Leerink Partners for $280m.

SVB Financial Group, a U.S.-based high-tech commercial bank, acquired Leerink Partners, a leading investment bank focused on the healthcare and life science industries, for $280m. The new entity, SVB Leerink, will operate as a wholly-owned subsidiary of SVB Financial Group. "SVB and Leerink share a focus on providing financing and strategic advice at critical stages in a company's growth and development," said Greg Becker, CEO of SVB Financial Group and Silicon Valley Bank. "Together, we will deliver a complete capital markets offering – including debt, convertible debt and equity financing – and advisory services – including mergers & acquisitions – for private and public healthcare and life science companies. Leerink is a best-in-class firm and we look forward to welcoming our Leerink colleagues to SVB."