---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-133296"
form_type: "8-K"
ticker: null
cik: "0000719739"
company_name: "SVB FINANCIAL GROUP"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:16:58.464659+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SVB Financial Group agrees to sell SVB Capital to Pinegrove affiliate backed by Brookfield and Sequoia Heritage

## Summary
- Definitive purchase agreement with Pinegrove Sierra HoldCo LLC for SVB Capital; consideration includes cash and other economic value.
- Buyer backed by permanent capital from Brookfield Asset Management and Sequoia Heritage; SVB Capital and Pinegrove to operate independently.
- Bankruptcy Court hearings scheduled: buyer protections May 16, sale approval June 5, 2024; subject to regulatory approvals.
- Transaction supported by Official Committee of Unsecured Creditors, Ad Hoc Group of Senior Noteholders, and Ad Hoc Cross-Holder Group.
- SVB Financial Group (OTC: SIVBQ) is in Chapter 11; sale aims to maximize value for constituents.

## SEC filing metadata
- accession: 0001193125-24-133296
- form_type: 8-K
- cik: 0000719739
- company_name: SVB FINANCIAL GROUP
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/719739/000119312524133296/0001193125-24-133296-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/719739/000119312524133296/d802412d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-133296
- JSON: https://secwatch.observer/filing/0001193125-24-133296.json
- Plain text: https://secwatch.observer/filing/0001193125-24-133296.txt

## Key facts
- Material Agreements
  SVB FINANCIAL GROUP entered into Purchase Agreement with newly created entity affiliated with Pinegrove Capital Partners and backed by permanent capital from Brookfield Asset Management and Sequoia Heritage (effective 2024-05-02).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: newly created entity affiliated with Pinegrove Capital Partners and backed by permanent capital from Brookfield Asset Management and Sequoia Heritage
  - Effective: 2024-05-02
  source text: On May 2, 2024, the Company entered into a definitive purchase agreement (the “Purchase Agreement”) with a newly created entity affiliated with Pinegrove Capital Partners and backed by permanent capital from Brookfield Asset Management and Sequoia Heritage, for the sale of SVB Capital, its investment platform business.
  evidence_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524133296/0001193125-24-133296-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.