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Joele Frank is handling the bankruptcy filing for SVB Financial, a restructuring designed to preserve the value of its venture capital platform and regulated broker-dealer units.
Silicon Valley Bank, which was shut down by federal government, is no longer affiliated with SVB Financial. The Federal Deposit Insurance Corp. oversees Silicon Valley Bridge Bank.
SVB Financial estimates It has $2.2B in liquidity flowing from SVB Capital, SVB Securities and cash.
The Chapter 11 filing provides some financial protection for SVB Financial as it explores strategic options for SVB Capital and SVB Securities, which CEO William Kosturos calls “prized businesses and assets.”
“SVB Capital and SVB Securities continue to operate and serve clients, led by their longstanding and independent leadership teams,” said Kosturos.
Joele Frank, Wilkinson Brimmer Katcher’s Michael Freitag, Jed Repko and Aaron Palash work the media for SVB Financial’s reorganization.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
