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Announced

SVB Financial to acquire Boston Private for $900m.

Financials

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Transaction Value£660m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Acquisition

Friendly

Private

Merger

Domestic

United States

Majority

Banks

Single Bidder

banking services

wealth management

Private Equity

Synopsis

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SVB Financial, a commercial bank that serves emerging growth and middle-market growth companies, agreed to acquire Boston Private, a provider of wealth management, trust and banking services, for $900m. "Together, SVB and Boston Private will be well-positioned to grow and scale our business, leveraging SVB's deep client relationships and broad reach across the innovation economy to capture a greater share of the wealth management market. We look forward to working together to support our clients as they pursue the goals they have for their businesses, families and legacies," Anthony DeChellis, Boston Private CEO.

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