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Silicon Valley Financial institution to accumulate analysis agency MoffettNathanson

Michael Nathanson (L) and Craig Moffett.

CNBC

SVB Monetary Group, the father or mother firm of Silicon Valley Financial institution, has agreed to accumulate know-how, media and telecommunications analysis MoffettNathanson.

Monetary phrases of the deal weren’t disclosed.

The deal combines SVB’s know-how funding banking unit with a analysis division based by veteran analysts Craig Moffett and Michael Nathanson.

Moffett has coated the telecommunications business for greater than 25 years, with decade-long stops at The Boston Consulting Group and Sanford Bernstein earlier than co-founding MoffettNathanson in 2013. Nathanson coated media at Bernstein from 1998 to 2010 earlier than shifting to Nomura till 2013.

MoffettNathanson would not count on any adjustments for its purchasers of fairness analysis, the corporate mentioned. Each Moffett and Nathanson have made long-term commitments to SVB to stick with the corporate.

“We are going to start instantly to collaborate with SVB to considerably increase what we are able to ship, additional positioning us as the popular companion to our purchasers,” the corporate mentioned in an announcement.

WATCH: MoffettNathanson provides Roku a ‘promote’ score

Written by News Desk

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