May 2 (Reuters) - SVB Financial Group:

* ENTERS INTO DEFINITIVE AGREEMENT FOR THE SALE OF SVB CAPITAL

* PINEGROVE AFFILIATE TO ACQUIRE SVB CAPITAL

* UNDER TERMS OF AGREEMENT, SVB CAPITAL WOULD BE ACQUIRED FOR A COMBINATION OF CASH AND OTHER ECONOMIC CONSIDERATION.

* SVB CAPITAL AND PINEGROVE TO OPERATE INDEPENDENTLY WITH COMMON SPONSORSHIP AND SHARED MISSION TO SERVE VENTURE ECOSYSTEM

* AGREEMENT IS SUBJECT TO BANKRUPTCY COURT AND REGULATORY APPROVAL, AS WELL AS OTHER CUSTOMARY CLOSING CONDITIONS

* SVB FINANCIAL - TRANSACTION SUPPORTED BY SVB FINANCIAL GROUP AND KEY CREDITOR GROUPS

* SVB FINANCIAL-ON MAY 2, SVB FILED MOTION SEEKING COURT'S AUTHORIZATION TO APPROVE BUYER PROTECTIONS FOR PINEGROVE AFFILIATE,CONSUMMATE SALE OF SVB CAPITAL BUSINESS Source text for Eikon: Further company coverage: