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Brookfield Asset Management Ltd. (BAM)

NYSE - Nasdaq Real-time price. Currency in USD
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39.19+0.62 (+1.59%)
As of 03:49PM EDT. Market open.
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  • PR Newswire

    SVB Financial Group Enters into Definitive Agreement for the Sale of SVB Capital

    SVB Financial Group (Pink Sheets: SIVBQ) today announced that it has entered into a definitive agreement under which a newly created entity affiliated with Pinegrove Capital Partners ("Pinegrove") and backed by permanent capital from Brookfield Asset Management ("Brookfield") and Sequoia Heritage, will acquire the Company's investment platform business, SVB Capital. Under the terms of the agreement, SVB Capital would be acquired for a combination of cash and other economic consideration.