• Source: Leerink Partners

DandE, 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, with offices in New York City, San Francisco, Charlotte, and Nashville.




History


Leerink Partners was founded in 1995 as Leerink Swann LLC. 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.
In 1999, Inc. named the bank as one of America's 500 fastest growing private companies.
In 2009, the firm expanded its investment banking footprint when 25 senior healthcare bankers joined the firm from Merrill Lynch.
A 2010 probe into expert network focused on potential for conflict of interest and insider dealings through expert network across the entire industry. The U.S. Securities and Exchange Commission (SEC) investigated a 2009 merger between Cougar Biotech and Johnson & Johnson in which Leerink advised Cougar. 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. According to Leerink, the firm operated strict information barriers. Speculations about MedaTech's shut down as part of the investigation proved unfounded.
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.
In 2014, Leerink Swann was rebranded as Leerink Partners LLC. Leerink Partners was acquired by SVB Financial Group in 2019 and rebranded SVB Leerink.
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.
In 2021, SVB acquired media and telecom research company MoffettNathanson LCC. Further, SVB Leerink was rebranded as SVB Securities LLC. In the same year, the firm hired Barry Blake as Global Co-Head of Investment Banking with a focus on Healthcare Services & Technology. 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.
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.
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.
On June 18, 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. In July 2023, the buyout was approved in bankruptcy court, and SVB Securities was renamed to Leerink Partners.




Services


The firm advises on M&A advisory, capital markets, leveraged and private capital markets. For investors, the firm provides experience in the healthcare sector through equity research, institutional equities, and corporate access. The firm serves many clients focusing on biopharma, digital health & health tech, healthcare services, medical technology, tools & diagnostics and more.




References

Kata Kunci Pencarian:

• Daftar bank investasi
• Leerink Partners
• SVB Financial Group
• BDT & MSD Partners
• Perella Weinberg Partners
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• Guggenheim Partners
• William Rastetter
• Evercore
• PJT Partners
• Barrenjoey Capital Partners