Jefferies Financial Group

Jefferies Issues 2024 Sustainability Report

Retrieved on: 
Wednesday, March 6, 2024

Jefferies Financial Group, Inc. (NYSE: JEF) announced the publication of our 2024 Sustainability Report, which can be viewed here .

Key Points: 
  • Jefferies Financial Group, Inc. (NYSE: JEF) announced the publication of our 2024 Sustainability Report, which can be viewed here .
  • Our report highlights how Jefferies’ team of driven professionals is advancing key initiatives related to sustainability and diversity that strengthen the many global communities in which we live and work.
  • Although there is always more to do, we are inspired by our team’s relentless commitment to supporting sustainability.
  • We hope you take some time to read about how that commitment translates into action.”
    Among the highlights from Jefferies’ 2024 Sustainability Report are the following:
    Over $22 million was donated by Jefferies, our employee-partners, and clients in support of over 445 charities, organizations and nonprofits, including those providing humanitarian aid and support to the Maui wildfires and Israel.

Jefferies Agrees Sale of OpNet Operations to Wind Tre, Substantially Completing Jefferies’ Strategic Simplification Plan

Retrieved on: 
Monday, February 5, 2024

In addition to the consideration of the CKHGT notes, OpNet will retain majority ownership in other operating telecom companies, resulting in approximately €320 million in final value to Jefferies from this transaction, which exceeds our current carrying value.

Key Points: 
  • In addition to the consideration of the CKHGT notes, OpNet will retain majority ownership in other operating telecom companies, resulting in approximately €320 million in final value to Jefferies from this transaction, which exceeds our current carrying value.
  • This sale is subject to regulatory approvals and is anticipated to close in the second or third quarter of 2024.
  • The only individual investment of size today is HomeFed, our real estate development company that specializes in mixed-use, master-planned communities.
  • We expect to operate the core business of HomeFed, which has solid long-term prospects, and to liquidate certain peripheral assets in an orderly manner.

Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts Across EMEA

Retrieved on: 
Tuesday, January 16, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240116830685/en/
    In support of the initial strategic alliance in 2021, SMBC provided $2.25 billion in financing to Jefferies and purchased approximately 4.5% of the issued and outstanding common shares of Jefferies.
  • The alliance has now been further extended to formally cover EMEA in these business areas.
  • Jefferies and SMBC have already been collaborating to deliver client solutions for over two years and this latest step enhances the alliance across the growing regional footprint in EMEA.
  • We now further accelerate these efforts by aligning with the significant capital base and world-class capabilities of SMBC Group.

Jefferies to Release its Fourth-Quarter and Annual 2023 Financial Results on January 8, 2024

Retrieved on: 
Thursday, December 21, 2023

Jefferies Financial Group Inc. (NYSE: JEF) today announced it will release its fourth-quarter and annual 2023 financial results on Monday, January 8, 2024 after market close.

Key Points: 

Jefferies Financial Group Inc. (NYSE: JEF) today announced it will release its fourth-quarter and annual 2023 financial results on Monday, January 8, 2024 after market close.

Trinity Investments Sells Parcels Adjacent to The Diplomat Beach Resort

Retrieved on: 
Monday, December 18, 2023

A joint venture led by Trinity Investments (“Trinity”) announced today the sale of two development parcels across from the 1,000-key The Diplomat Beach Resort (the “Diplomat”) in Hollywood, Florida.

Key Points: 
  • A joint venture led by Trinity Investments (“Trinity”) announced today the sale of two development parcels across from the 1,000-key The Diplomat Beach Resort (the “Diplomat”) in Hollywood, Florida.
  • The parcels are within the Diplomat Landings site, located on 8 acres along the intracoastal waterway on the west side of Ocean Drive.
  • The parcels were included in Trinity’s February 2023 acquisition of the Diplomat, the largest hospitality acquisition in 2023.
  • Trinity sold both Diplomat Landings parcels and the marina to a Miami-based real estate developer as Trinity continues to execute on its repositioning plan for the Diplomat to elevate service levels and the resort experience.

Jefferies Establishes Full Service Investment Banking and Capital Markets Capabilities in Canada

Retrieved on: 
Monday, December 4, 2023

Jefferies Financial Group (NYSE: JEF) today announced it has established full service investment banking and capital markets capabilities in Canada to serve the evolving needs of corporate, institutional and government clients across Canada.

Key Points: 
  • Jefferies Financial Group (NYSE: JEF) today announced it has established full service investment banking and capital markets capabilities in Canada to serve the evolving needs of corporate, institutional and government clients across Canada.
  • In partnership with Jefferies' existing global platform, our team in Canada will deliver our full suite of advisory and capital markets capabilities.
  • “Its proven long-term leadership, investment in talent and exceptional work for clients has positioned Jefferies as one of the few leading global investment banking firms.
  • Our new Canadian team is excited to bring clients Jefferies’ deep industry perspectives, M&A and capital markets solutions and geographical insights.”

Introducing Tradu: a Powerful New Multi-asset Trading Platform

Retrieved on: 
Wednesday, November 22, 2023

The platform will launch in the UK in December before rolling out globally over the coming months.

Key Points: 
  • The platform will launch in the UK in December before rolling out globally over the coming months.
  • Historically, multi-asset trading has involved either having many accounts and mobile apps or using one confusing platform with a disjointed experience for each asset class.
  • The multi-asset trading platform offers trading in listed equities, cryptocurrency markets and CFD trading, with the ability to apply leverage on stocks, indices, commodities, forex and cryptocurrencies*.
  • Tradu combines deep market access, state-of-the-art technology, decades of trading expertise and institutional-level pricing to offer an innovative platform that active traders and investors deserve.

Retail Trading Platform Tradu Selects Crossover as Primary Digital Asset Execution Partner

Retrieved on: 
Thursday, December 14, 2023

LONDON, Dec. 14, 2023 /PRNewswire/ -- Crossover Markets Group, Inc., a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, today announced it has been selected as the primary digital asset execution partner of Tradu, an all-new, multi-asset "super app" for active traders that is launching this month for UK residents and early Q1 2024 for international markets. Tradu is part of Stratos Group International, LLC ("Stratos"), a wholly-owned subsidiary of Jefferies Financial Group Inc. ("Jefferies").

Key Points: 
  • "We are thrilled to respond to client demand for streamlined multi-asset experiences—including digital assets—with the launch of Tradu," said Brendan Callan, CEO of Tradu.
  • We believe that our distribution, coupled with CROSSx's technical prowess, creates one of the most compelling digital asset trading offerings on the market."
  • "Tradu is a bold and disruptive offering that resets the future of online trading for retail clients," said Brandon Mulvihill, Co-Founder and CEO of Crossover.
  • New entrants like Crossover and Tradu are redefining the industry, bringing TradFi best practices to a burgeoning asset class, while providing modern workflows and platforms built for 24x7 trading.

OneMain Holdings, Inc. to Acquire Foursight Capital LLC

Retrieved on: 
Tuesday, November 21, 2023

NEW YORK, Nov. 21, 2023 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF) ("OneMain"), the leader in offering nonprime customers responsible access to credit, and Jefferies Financial Group Inc. (NYSE: JEF) ("Jefferies") today announced they have reached a definitive agreement under which OneMain will acquire Foursight Capital LLC ("Foursight") from Jefferies for $115 million in cash.

Key Points: 
  • NEW YORK, Nov. 21, 2023 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF) ("OneMain"), the leader in offering nonprime customers responsible access to credit, and Jefferies Financial Group Inc. (NYSE: JEF) ("Jefferies") today announced they have reached a definitive agreement under which OneMain will acquire Foursight Capital LLC ("Foursight") from Jefferies for $115 million in cash.
  • As part of the transaction, OneMain will acquire Foursight's approximately $900 million loan portfolio.
  • Jefferies LLC is serving as exclusive financial advisor and Morgan Lewis & Bockius LLP is serving as legal counsel to Jefferies.
  • Barclays Capital, Inc. is serving as exclusive financial advisor and Covington & Burling LLP is serving as legal counsel to OneMain.

ONE Gas Announces the Retirement of Chief Financial Officer and Names Successor

Retrieved on: 
Thursday, November 16, 2023

The ONE Gas Board of Directors has elected Christopher P. Sighinolfi, vice president of corporate development, investor relations and sustainability, to succeed Lawhorn as senior vice president and chief financial officer, effective January 1, 2024.

Key Points: 
  • The ONE Gas Board of Directors has elected Christopher P. Sighinolfi, vice president of corporate development, investor relations and sustainability, to succeed Lawhorn as senior vice president and chief financial officer, effective January 1, 2024.
  • "Caron has done an incredible job leading our financial organization and is leaving it very well-positioned to move forward.
  • Before joining ONE Gas, he was managing director of U.S. Equity Research for Jefferies Financial Group.
  • He was responsible for coverage of natural gas utilities, midstream companies, independent U.S. refineries and energy Master Limited Partnerships.