M&A Deal Summary

SVB Acquires Boston Private Financial Holdings

On January 4, 2021, SVB acquired financial services company Boston Private Financial Holdings for 900M USD

Acquisition Highlights
  • This is SVB’s 2nd transaction in the Financial Services sector.
  • This is SVB’s largest (disclosed) transaction.
  • This is SVB’s 2nd transaction in the United States.
  • This is SVB’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2021-01-04
Target Boston Private Financial Holdings
Sector Financial Services
Buyer(s) SVB
Deal Type Add-on Acquisition
Deal Value 900M USD
Advisor(s) Morgan Stanley (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Boston Private Financial Holdings

Boston, Massachusetts, United States
Boston Private Financial Holdings, Inc. is a wealth management company that offers a full range of wealth management services to high net worth individuals, families, businesses, and select institutions through its three functional segments: Private Banking, Investment Management, and Wealth Advisory. Boston Private Financial Holdings was formed in 1987 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

SVB

Santa Clara, California, United States
Category Company
Founded 1983
Sector Financial Services
Employees4,656
Revenue 6.2B USD (2022)
DESCRIPTION
SVB's corporate headquarters in Santa Clara, California.
SVB's corporate headquarters in Santa Clara, California.

SVB is a diversified financial services company. Through various subsidiaries and divisions, SVB offers a variety of banking and financial products and services to clients across the US. SVB offers commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank, a California state-chartered bank and a member of the Federal Reserve System. Through its subsidiaries, the Bank also offers investment advisory, asset management, private wealth management, and brokerage services. SVB was founded in 1983 and is based in Santa Clara, California.

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Massachusetts) 2 of 2
Country (United States) 2 of 3
Year (2021) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Leerink Swann

Boston, Massachusetts, United States

Leerink Swann LLC is an investment bank, specializing in healthcare and life sciences. Our knowledge, experience, and focus enable us to help our clients define and achieve their strategic, capital markets and investment objectives. We partner with companies that develop and commercialize innovative products and services that are defining the future of healthcare. Leerink Partners LLC is a member of FINRA/SIPC.

Buy $280M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 MoffettNathanson

New York, New York, United States

MoffettNathanson is an independent sell-side research firm known for its coverage of high-growth, disruptive companies in the media, communications, and technology sectors. It has been a leader in the development of Wall Street's subscription-based payment model, which allows the firm's clients to manage their research budgets more effectively by paying only for the research they prefer, while separately seeking best-execution trading. MoffettNathanson was formed in 2013 and is based in New York, New York.

Buy -
Mergr

Product

Company

Legal