Investment Summary

SVB Exits HSBC Innovation Banking

On March 13, 2023, invested in financial services company HSBC Innovation Banking from SVB for 1.0B GBP

Investment Highlights
  • This is transaction in the Financial Services sector.
  • This is largest (disclosed) transaction.
  • This is transaction in the United Kingdom.

Investment Summary

Date 2023-03-13
Target HSBC Innovation Banking
Sector Financial Services
Sellers(s) SVB
Deal Type Divestiture
Deal Value 1.0B GBP

Target

HSBC Innovation Banking

London, United Kingdom
HSBC Innovation Banking offers flexible banking solutions for start-ups, scale-ups, growth businesses, investors, and those working towards IPO. From comprehensive banking to managing cash flow to plans for buyouts to Global Funds Banking, it fuels ideas at every stage of their journey. HSBC Innovation Banking is based in London.

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Seller(S) 1

SELLER

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 2
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS 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.

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