Leerink Partners

Leerink Partners LLC
Formerly
  • Leerink Swann (1995–2014)
  • SVB Leerink (2019–2022)
  • SVB Securities (2022–2023)
Company typePrivate
IndustryFinancial services
Founded1995; 30 years ago (1995)
FounderJeffrey A. Leerink
Headquarters
Exchange Place
Boston, Massachusetts
,
United States
ProductsInvestment banking
ParentSVB Financial Group (2019–2023)
Websiteleerink.com

Leerink Partners LLC is an American independent investment bank providing healthcare companies and investors with financial services including M&A advisory, equity and debt capital markets, proprietary research, and sales and trading capabilities. The firm was founded in 1995 by Jeffrey A. Leerink, and is headquartered in Boston, Massachusetts, with U.S. offices in New York City; San Francisco, California; Charlotte, North Carolina; and Nashville, Tennessee.[1]

History

Leerink Partners was founded in 1995 as Leerink Swann LLC.[2] The following year, the bank established MEDACorp expert network as a joint venture with Dr. Dan Dubin. It acted as a strategic knowledge resource at Leerink, using validation of new products and commercial viability in the assessment of company financials, and corporate due diligence in the medial field as part of a merger and acquisition advisory or capital raising.[3]

In 1999, Inc. named the bank as one of America's 500 fastest growing private companies.[4]

In 2009, the firm expanded its investment banking footprint when 25 senior healthcare bankers joined the firm from Merrill Lynch.[5][6]

A 2010 probe into expert network focused on potential for conflict of interest and insider dealings through expert network across the entire industry.[7] The U.S. Securities and Exchange Commission (SEC) investigated a 2009 merger between Cougar Biotech and Johnson & Johnson in which Leerink advised Cougar.[8] MedaTech client SAC Capital had been an investor in Cougar Biotech. The focus of the investigation was whether any information about the transaction flowed from Leerink via MedaTech to SAC.[8] According to Leerink, the firm operated strict information barriers.[9] Speculations about MedaTech's shut down as part of the investigation proved unfounded.[10][11]

In 2012, the SEC charged a former Leerink analyst for insider trading. The analyst had obtained confidential information about a merger transaction Leerink was working on and passed this information on to a friend to place trades on his behalf. The analyst gained around $600,000 from this investment and was later sentenced for insider trading.[12][13]

In 2014, Leerink Swann was rebranded as Leerink Partners LLC.[14] Leerink Partners was acquired by SVB Financial Group in 2019 and rebranded SVB Leerink.[15]

In 2015, the firm established a specialty pharmaceuticals and services franchise. In 2016, the firm established a convertible capital markets business. In 2019, Leerink Partners established alternative equities and ATM businesses.[5][6]

In 2021, SVB acquired media and telecom research company MoffettNathanson LCC.[16] Further, SVB Leerink was rebranded as SVB Securities LLC.[17] In 2021, the firm also expanded its leadership within the financial sponsor and leveraged finance sector and added five senior bankers to its healthcare services franchise.[5][6]

Following the collapse of Silicon Valley Bank in March 2023, the management of SVB Securities planned to buy back their firm from the parent group.[18] On March 17, 2023, SVB Securities' parent company filed for Chapter 11 bankruptcy, but SVB Securities itself was not included in the Chapter 11 filing.[19]

In June 2023, SVB Financial Group agreed to sell SVB Securities in a management buyout led by the latter's CEO, Leerink. The deal, backed by funds managed by the Baupost Group, includes $55 million in cash besides repayment of $26 million in debt and assumption of other liabilities. MoffettNathanson LLC was not included in the sale.[20] In July 2023, the buyout was approved in bankruptcy court, and SVB Securities was renamed to Leerink Partners.[21]

Following its SVB demerger, Leerink Partners initiated an enterprise data program to streamline operations, modernized its data center, and reassessed its office footprint to ensure future growth.[22] According to an October 2024 article from FinTech Magazine, the company also partnered with the consulting firm Element22 to design a multi-year enterprise data program.[23]

References

  1. ^ Stinnett, Joel (August 25, 2021). "Senor Reporter". Nashville Business Journal. Retrieved July 12, 2023.
  2. ^ "Leerink Overview". Vault. Retrieved 7 September 2017.
  3. ^ Groysberg, Boris; Healy, Paul M. (2013-08-07). Wall Street Research: Past, Present, and Future. Stanford University Press. ISBN 978-0804787123.
  4. ^ "Business News: The Denver Post". extras.denverpost.com. Retrieved 2017-09-07.
  5. ^ a b c Philips, Nancy (20 November 2023). "Leerink Partners: The Story of One of Boston's Prominent Investment Bank". Global World Technology. Retrieved 21 January 2024.
  6. ^ a b c "How Leerink Partners Became the Go-To Bank for Healthcare Companies". San Francisco Examiner. 21 December 2023. Retrieved 21 January 2024.
  7. ^ "New caution on role of expert networks". Reuters. 10 December 2010. Retrieved 2017-09-07.
  8. ^ a b "SAC and Leerink Swann Under SEC Investigation • Integrity Research". Integrity Research. 2011-10-20. Retrieved 2017-09-07.
  9. ^ "Expert networks give investors an edge - The Boston Globe". BostonGlobe.com. Retrieved 2017-09-07.
  10. ^ Strasburg, Jenny (2010-12-10). "Probes Lead Leerink Bank To Reconsider 'Expert' Unit". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-09-07.
  11. ^ "The "Expert Network" Used By SAC Capital, Diamondback, Frontpoint And Citadel Is Closing". Business Insider. Retrieved 2017-09-07.
  12. ^ "SEC.gov | SEC Charges Investment Bank Analyst with Illegally Tipping College Friend About Nonpublic Merger Deals". www.sec.gov. Retrieved 2017-09-07.
  13. ^ "S.F. banker guilty of insider trading". SFGate. Retrieved 2017-09-07.
  14. ^ "Leerink Swann Is Now Leerink Partners". Businesswire. 6 January 2014. Retrieved 7 September 2017.
  15. ^ "SVB Financial Group Completes Acquisition of Healthcare Investment Bank Leerink Partners". www.prnewswire.com (Press release). SVB Financial Group. Retrieved 2019-01-31.
  16. ^ Sherman, Alex (13 December 2021). "Silicon Valley Bank agrees to acquire boutique media and telecom research firm MoffettNathanson". CNBC. Retrieved 13 December 2021.
  17. ^ "SVB Leerink LLC Announces Company Name Change to SVB Securities LLC". Leerink Partners. 1 February 2022. Retrieved 1 February 2022.
  18. ^ Monks, Matthew; Tan, Gillian; Natarajan, Sridhar (2023-03-11). "SVB Securities Management Exploring Buying Firm Back". Bloomberg News.
  19. ^ "SVB Financial seeks bankruptcy protection". Reuters. March 17, 2023. Retrieved March 17, 2023.
  20. ^ Sebastian, Dave (June 19, 2023). "SVB Securities to Be Acquired in Management Buyout". The Wall Street Journal. Archived from the original on June 19, 2023.
  21. ^ Chesto, Jon (July 17, 2023). "How Boston's biggest investment bank was reborn after SVB collapsed". The Boston Globe. Archived from the original on July 17, 2023.
  22. ^ Jackson, Amber (2024-10-31). "Leerink: The Company That Bounced Back from an SVB Demerger". fintechmagazine.com. Retrieved 2025-01-03.
  23. ^ Jackson, Amber (2024-10-31). "Leerink: The Company That Bounced Back from an SVB Demerger". fintechmagazine.com. Retrieved 2025-01-03.

Read other articles:

1884 Connecticut gubernatorial election

1884 Connecticut gubernatorial election ← 1882 November 4, 1884 1886 →   Nominee Henry Baldwin Harrison Thomas M. Waller Party Republican Democratic Popular vote 66,274 67,910 Percentage 48.12% 49.31% Governor before election Thomas M. Waller Democratic Elected Governor Henry Baldwin Harrison Republican Elections in Connecticut Federal government U.S President 1788–89 1792 1796 1800 1804 1808 1812 1816 1820 1824 1828 1832 1836 1840 1844 1848 1852 1856 1860 1...

 

 

Only Teardrops

Cet article est une ébauche concernant une chanson, le Danemark et le Concours Eurovision de la chanson. Vous pouvez partager vos connaissances en l’améliorant (comment ?) selon les recommandations des projets correspondants. Only Teardrops Single de Emmelie de Forestextrait de l'album Only Teardrops Sortie 22 janvier 2013(voir historique de sortie) Enregistré 2012 Durée 3 min 03 Langue Anglais Genre Pop, folk Format Téléchargement, CD single Auteur-compositeur Lise Cabble,...

 

 

Mata telanjang

Mata telanjang Mata telanjang atau mata bugil adalah majas yang merujuk pada penglihatan manusia tanpa menggunakan alat optik apapun seperti mikroskop dan teleskop (tidak termasuk kacamata). Istilah ini sering digunakan dalam astronomi ketika merujuk kepada peristiwa yang dapat dilihat oleh orang awam, seperti sebagian komet dan hujan meteor. Sastra Davidson, N.: Sky Phenomena: A Guide to Naked Eye Observation of the Heavens. FlorisBooks (208p), ISBN 0-86315-168-X, Edinburgh 1993. Gerstbach G...

Eurojet Italia

Eurojet Italia IATA ICAO Kode panggil - ERJ JET ITALIA Didirikan1987PenghubungMilan LinateKantor pusatItaliaSitus webhttp://www.eurojetitalia.com Eurojet Italia adalah maskapai penerbangan sewaan yang berbasis di Italia. Sejarah Maskapai penerbangan ini didirikan pada tahun 1987 dan maskapai ini diakuisisi oleh Air Four S.p.a. setelah perusahaan ini beroperasi selama dua puluh tahun.[1] Referensi ^ European Business Air News 4 October 2006 Pranala luar Eurojet Italia Diarsipkan 2018-0...

 

 

Red Eye (film)

Red EyePoster ResmiSutradaraWes CravenProduserChris Bender Marianne MaddalenaSkenarioCarl EllsworthCeritaCarl EllsworthDan FoosPemeranRachel McAdamsCillian MurphyBrian CoxJayma MaysPenata musikMarco BeltramiSinematograferRobert D. YeomanPenyuntingPatrick LussierStuart LevyDistributorDreamWorks PicturesTanggal rilis 19 Agustus 2005 (2005-08-19) Durasi85 menitNegaraUSABahasaInggrisAnggaran$26,000,000Pendapatankotor$95,577,774 Red Eye adalah film cerita getaran Amerika tahun 2005 yang...

 

 

Йездегерд I

В Википедии есть статьи о других людях с именем Йездигерд. Йездигерд Iпехл. Yazdekert; сирийск. Yazdegerd, Izdegerd или Yazdeger; арм. Հազկերտ (Hazkert); др.-греч. Ἰσδιγέρδης; араб. یزدگرد (Yazdigird, Yazdigard‎) Изображение Йездигерда I на серебряной драхме шахиншах Ирана и не-Ирана 399/400 — 420/421 Пред...

Franz Hermann Troschel

Pour les articles homonymes, voir Troschel. Franz Hermann TroschelBiographieNaissance 10 octobre 1810Arrondissement de SpandauDécès 6 novembre 1882 (à 72 ans)BonnSépulture Ancien cimetière de Bonn (en)Nationalité prussienneFormation Université Humboldt de BerlinActivités Zoologiste, paléontologue, naturaliste, ichtyologiste, malacologiste, professeur d'université, conservateur de muséeFratrie Hugo Troschel (d)Autres informationsA travaillé pour Université rhénane Frédéri...

 

 

Mathematical universe hypothesis

Cosmological theory This article's lead section may be too short to adequately summarize the key points. Please consider expanding the lead to provide an accessible overview of all important aspects of the article. (December 2023) In physics and cosmology, the mathematical universe hypothesis (MUH), also known as the ultimate ensemble theory, is a speculative theory of everything (TOE) proposed by cosmologist Max Tegmark.[1][2] According to the hypothesis, the universe is a ma...

 

 

Graham-Perren Racer

Graham-Perren Racer Role Racing aircraftType of aircraft Designer George Graham & Charles Perren Jr, Waukesha WI. Introduction 1933 Number built 1 The Graham-Perren Racer, or Graham-Perren Monoplane, was a racing aircraft built to compete in the 1934 National Air Races, including the Greve Trophy.[1] Design and development The racer was a short-coupled, wire braced, mid-winged aircraft with fixed conventional landing gear and an open cockpit. The Wright Gipsy engine protruded upw...

コルク

この記事は検証可能な参考文献や出典が全く示されていないか、不十分です。出典を追加して記事の信頼性向上にご協力ください。（このテンプレートの使い方）出典検索?: コルク – ニュース · 書籍 · スカラー · CiNii · J-STAGE · NDL · dlib.jp · ジャパンサーチ · TWL（2017年4月） コルクを打ち抜いて作った瓶の栓 コルク（木栓、�...

 

 

500th SS Parachute Battalion

Military unit This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: 500th SS Parachute Battalion – news · newspapers · books · scholar · JSTOR (January 2013) (Learn how and when to remove this message) Soldiers of the battalion are getting ready for Operation Rösselsprung The 500th SS-Parachute Battalion (German:...

 

 

Carlo Vanzina

Carlo Vanzina nel 2014 Carlo Vanzina (Roma, 13 marzo 1951 – Roma, 8 luglio 2018) è stato un regista, produttore cinematografico e sceneggiatore italiano. Indice 1 Biografia 1.1 Carriera 1.2 Morte 2 Vita privata 3 Filmografia 3.1 Regista 3.1.1 Cinema 3.1.2 Televisione 3.2 Sceneggiatore 4 Note 5 Altri progetti 6 Collegamenti esterni Biografia Secondogenito del regista e sceneggiatore Steno (pseudonimo di Stefano Vanzina) e di Maria Teresa Nati, suo fratello maggiore è lo sceneggiatore e pro...

Saint-Julien-l'Ars

Saint-Julien-l'Arscomune Saint-Julien-l'Ars – Veduta LocalizzazioneStato Francia Regione Nuova Aquitania Dipartimento Vienne ArrondissementPoitiers CantoneChasseneuil-du-Poitou TerritorioCoordinate46°33′N 0°30′E / 46.55°N 0.5°E46.55; 0.5 (Saint-Julien-l'Ars)Coordinate: 46°33′N 0°30′E / 46.55°N 0.5°E46.55; 0.5 (Saint-Julien-l'Ars) Superficie18,48 km² Abitanti2 371[1] (2009) Densità128,3 ab./km² Altre infor...

 

 

Givat Shaul

Givat ShaulLingkunganNegara IsraelProvinsiYerusalemKotaYerusalemZona waktuUTC+3 (EAT) • Musim panas (DST)UTC+3 (EAT) Givat Shaul adalah sebuah lingkungan di kota suci Yerusalem di Provinsi Yerusalem, tepatnya di sebelah timur Israel.[1] Referensi ^ National Geospatial-Intelligence Agency. GeoNames database entry. (search Diarsipkan 2010-06-11 di Wayback Machine.) Accessed 12 May 2011. lbsLingkungan di YerusalemLingkungan-lingkungan Yerusalem sebelah timur garis gencat...

 

 

ثريا عز الدين

ثريا عز الدين ثريا عز الدين (ممثلة) 1937 - 2013 معلومات شخصية الميلاد 29 يوليو 1937   القاهرة  الوفاة 27 مارس 2013 (75 سنة)   القاهرة  مواطنة المملكة المصرية جمهورية مصر الجمهورية العربية المتحدة مصر  الحياة العملية المدرسة الأم المعهد العالي للسينما  المهنة ممثلة  الل�...

تجربة أطلس

تجربة أطلسمعلومات عامةجزء من مصادم الهدرونات الكبير سُمِّي باسم أطلس البلد سويسرا تقع في التقسيم الإداري جنيف الإحداثيات 46°14′08″N 6°03′19″E / 46.235555555556°N 6.0552777777778°E / 46.235555555556; 6.0552777777778 موقع الويب atlas.cern (الإنجليزية) المدونة الرسمية atlas.cern… (الإنجليزية) تعديل - تعدي�...

 

 

SD Negeri Bojongsari 1

SD Negeri Bojongsari 1InformasiDidirikan07 Mei 1958JenisNegeriAkreditasiANomor Statistik Sekolah101026607004Nomor Pokok Sekolah Nasional20228646Kepala SekolahJayadi Akhir S.PdRentang kelasI, II, III, IV, V, VIKurikulumKurikulum 2013StatusSekolah Standar NasionalAlamatLokasiJalan Raya Bojongsari №26, Bojongsari Lama, Kec. Bojongsari, Depok, Jawa Barat, IndonesiaTel./Faks.(0251) 8615283Situs webSitus [email protected] SD Negeri Bojongsari 1 adalah sebuah sekol...

 

 

George Owen Rees

For the rugby union and rugby league footballer of the 1910s, and 1920s, see George Rees (rugby). For the basketball player, see George Reese. George Owen Rees George Owen Rees (November 1813 – 27 May 1889) was a Welsh-Italian physician. Life Born at Smyrna in November 1813, he was son of Josiah Rees, a Levantine merchant and British consul there. His mother was born in Newfoundland, Canada. Thomas Rees was his uncle, and Rev. Josiah Rees his grandfather. He was educated at a private school...

Choi In-jeong

Choi In-JeongInformasi pribadiNama asli최인정KewarganegaraanKorea SelatanLahir21 Mei 1990 (umur 34)Geumsan, Korea Selatan OlahragaNegaraKorea SelatanOlahragaAnggarLombaÉpée Rekam medali Anggar putri Mewakili  Korea Selatan Olimpiade 2012 London Tim 2020 Tokyo Tim Kejuaraan Dunia 2018 Wuxi Tim Universiade 2013 Kazan Tim Kejuaraan Asia 2014 Kota Suwon Tunggal 2011 Seoul Tunggal 2011 Seoul Tim 2012 Wakayama Tim 2013 Shanghai Tim Choi In-Jeong (Hangul: 최인정; Pengucapan Korea:&...

 

 

Miyake Setsurei

Japanese philosopher Miyake SetsureiMiyake SetsureiBornJuly 7, 1860Kanazawa, Ishikawa, Japan[1]DiedNovember 26, 1945(1945-11-26) (aged 85)OccupationPhilosopher, author, journalistGenrePolitics, culture Part of a series onConservatism in Japan Ideologies Capitalist Fiscal State Corporate  Nationalist Minzoku Populist Shōwa Statism Ultra Neo Paternalistic Religious State Shinto Ultra Principles Anti-communism Asian values Authority Bushido Discipline Duty Elitism Aristocracy ...