Jefferies

Global secondary volume hit a record $68 billion in H1 2024. Find out what drove the market in this mid-year review released by Jefferies’ Private Capital Advisory team. Read the full report and more about Jefferies predictions for the second half of 2024 here: http://spklr.io/6044sej4

Special thanks to a subset our London summer interns who spearheaded a philanthropy initiative in which they raised much-needed funds for UK charity BackUp Trust. The financial contribution will go towards helping people with spinal cord injuries in furthering their education and careers, while also providing support to families affected. #JefferiesDEI

Jefferies is proud to partner with Disability:IN, the world’s leading resource on disability inclusion in the workplace. Natalie (Razdolsky) Cohn, Global Head of DE&I, Tom Tarrant, a Co-Founder and Co-Chair of J-Able, and Kaila Migliazza represented J-Able, Jefferies’ employee resource group focused on disability inclusion at last month’s annual Disability:IN conference in Las Vegas. With the ongoing guidance of Disability:IN, we look forward to continuing our efforts to make Jefferies a welcoming community for disabled and neurodiverse employees and caregivers. #JefferiesDEI

Jefferies acted as sole sellside adviser to the shareholders of Electricity North West on the sale of 88% of the company to Spain’s Iberdrola, for an enterprise value of c.€5 billion.   This is Europe’s largest Utility M&A of 2024 to-date, and the fifth UK-regulated Utility transaction that Jefferies has completed in the past three years, underlining our position as a leading adviser in this space. 

Jefferies is proud to have acted as Sole Financial Advisor to SOMACIS, a portfolio company of Chequers Capital, on its majority sale to Bain Capital. This transaction marks Jefferies’ fifth sponsor M&A deal in Italy in 2024. Over the past 24 months, Jefferies has successfully completed over 20 transactions in the country, further building the strong momentum around our Italian franchise. We extend our best wishes to Bain Capital, Chequers Capital, and the Somacis team for continued success on their journey. Read more here: http://spklr.io/6041sj9h

Jefferies' Financial Institutions Group (FIG) is proud to share its strong momentum year-to-date in 2024. The team has led some of the most significant transactions this year, encompassing 130 transactions in M&A and Capital Markets valued at over $150 Billion. Today, our FIG team is composed of more than 120 professionals across the globe who are trusted by our clients to deliver when it matters most. The success of our team demonstrates our ability to provide clients with high touch, bespoke solutions to their unique needs. Whether securing financing, navigating complex transactions, or identifying and executing on strategic opportunities, we are committed to understanding client needs and working in close partnership with them to deliver the whole firm. Congratulations to our clients on their achievements.

Jefferies is proud to have acted as the exclusive financial advisor to Vitamin Well (a portfolio company of Bridgepoint Group, co-owned with the Founders) in the sale of a significant stake to Cinven. This transaction marks Jefferies’ 11th successful transaction in the functional performance and lifestyle sector since 2022, consolidating our position as a top advisor in this space. The deal illustrates Jefferies delivering a strong partnership for a founder-led management team for the next phase of growth of Vitamin Well, while optimizing the deal structure for Bridgepoint and the Founders to capture desired liquidity and maintain upside through a rollover investment. We extend our best wishes to Bridgepoint, Vitamin Well, and the Cinven team for continued success on their journey.

Every August, our monthly leadership letter highlights the ideas and perspectives of our global summer interns, as we use this time to reset and listen to what is on their minds. The four winners from this year’s intern letter contest come from all across our Firm: Fixed Income Sales and Trading, Equity Sales and Trading, Jefferies Finance, and Investment Banking. We’re delighted to share 2024’s winning letters from Constandino Christodoulou, William Collins, Camille Croft, and Kaitlyn Kreth. Thank you to all our interns for sharing your perspective and for your work this summer. We also want to thank the partners from across Jefferies who pitched in to make this a memorable summer for the intern class!

Jefferies served as Exclusive Financial Advisor to Bernhard Capital Partners, on its recent $1.25 billion acquisition of New Mexico Gas Company, leveraging its deep utilities M&A and financing expertise. The transaction further establishes Jefferies as a key advisor to infrastructure funds and one of the leading advisors in the utilities sector, advising on three of the most recent transactions in the gas LDC space. Jefferies previously served as lead and exclusive financial advisor to Bernhard in its acquisitions of CenterPoint Energy and Entergy Corporation’s gas distribution businesses in the Gulf Coast, announced in February 2024 and October 2023, respectively.

As Jefferies’ 2024 Summer Internship program winds down, we asked this year’s interns to share highlights from their experience, things that surprised them, what they’ll take away from their time with us and more. Check out what they shared with us below. Jefferies CEO Rich Handler also shares well wishes and words of gratitude for the energy, curiosity, and overall contributions this class of interns brought to the firm this summer.