Technology, media and telecommunications equity research firm MoffettNathanson has been acquired by SVB Financial Group, the parent company of Silicon Valley Bank.
Terms of the deal for the New York-based research firm were not disclosed, but the friendly takeover allows SVB’s investment banking unit to expand the scope of its research to companies growing company in healthcare and technology.
MoffettNathanson senior research analysts Craig Moffett, Michael Nathanson and Lisa Ellis, who will stay with the company, are ranked highly among Wall Street institutional investors in terms of stock buy-and-sell ratings. votes and overall relevance.
“In-depth understanding of the innovation economy is absolutely critical to understanding the areas we cover. SVB’s deep relationships with the world’s leading innovators will not only provide our customers with unique opportunities to participate in the value creation cycle of early stage growth companies. previous paragraph, but also provides our analysts with unique insights into the competitive forces that will shape the fate of Moffett, a founding partner of MoffettNathanson, said in a statement.
Silicon Valley Bank, headquartered in Santa Clara, California, provides a wide range of commercial and investment banking services to high-tech companies and their investors.
“Adding technology value research is another important step in further cementing our position as an essential partner for customers in the innovation economy,” said Greg Becker , president and chief executive officer of SVB Financial, said.