The founder of Silicon Valley Bank’s investment bank Jeff Leerink has won approval from U.S. bankruptcy court to buy the business for up to $130 million, according to reports late Wednesday. Silicon Valley Bank had acquired Leerink Partners in 2018 for $280 million. SVB Financial Group SIVPQ has been cleared by the court to sell SVB’s investment bank to a group of buyers led by Leerink. The transaction will be backed with up to $100 million from the Baupost Group, plus $30 million in financing from a group led by Leerink, said the reports, which cited court filings. Leerink announced the plan on June 18 to buy the business…
