{"id":13698,"date":"2023-09-19T13:31:04","date_gmt":"2023-09-19T13:31:04","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/stocks\/svb-financial-nears-deal-to-sell-vc-arm-scaramucci-leading-bidder-wsj\/"},"modified":"2023-09-19T13:31:05","modified_gmt":"2023-09-19T13:31:05","slug":"svb-financial-nears-deal-to-sell-vc-arm-scaramucci-leading-bidder-wsj","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=13698","title":{"rendered":"SVB Financial nears deal to sell VC arm, Scaramucci leading bidder – WSJ"},"content":{"rendered":"
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\u00a9 Reuters. SVB (Silicon Valley Bank) logo is seen in this illustration taken March 10, 2023. REUTERS\/Dado Ruvic\/Illustration<\/span>
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(Reuters) – SVB Financial Group is closing in on an agreement to sell its venture-capital and credit investment business SVB Capital in order to avoid bankruptcy, the Wall Street Journal reported on Friday, citing people familiar with the matter. <\/p>\n

A duo of Anthony Scaramucci’s SkyBridge Capital and Atlas (NYSE:) Merchant Capital, as well as San Francisco private-equity firm Vector Capital, are the two front-runners competing in the bidding process for SVB Capital, the report added. <\/p>\n

SVB Financial did not immediately respond to a Reuters request for comment. <\/p>\n

The bankrupt group in June said it was still looking for strategic alternatives for SVB Capital, days after the company agreed to sell its investment banking division, SVB Securities, to a group led by the segment’s CEO. <\/p>\n

SVB Financial had collapsed into bankruptcy after former unit Silicon Valley Bank’s failure in March triggered the worst U.S. banking crisis in 15 years. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. SVB (Silicon Valley Bank) logo is seen in this illustration taken March 10, 2023. REUTERS\/Dado Ruvic\/Illustration (Reuters) – SVB Financial Group is closing in on an agreement to sell its venture-capital and credit investment business SVB Capital in order to avoid bankruptcy, the Wall Street Journal reported on Friday, citing people familiar with […]<\/p>\n","protected":false},"author":1,"featured_media":5997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[37],"tags":[],"class_list":{"0":"post-13698","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nSVB Financial nears deal to sell VC arm, Scaramucci leading bidder - WSJ | Prosfunds<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. SVB (Silicon Valley Bank) logo is seen in this illustration taken March 10, 2023. 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