JEF

Jefferies and SMBC Expand Strategic Alliance to Canada

Retrieved on: 
Thursday, April 4, 2024
Banking, Professional Services, Finance, Sumitomo Mitsui Banking Corporation, JEF, SMBC, Research, SMFG, Jefferies Financial Group, Multimedia

Jefferies Financial Group Inc. (NYSE: JEF) (“Jefferies”) and SMBC Group announced today that they have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market.

Key Points: 
  • Jefferies Financial Group Inc. (NYSE: JEF) (“Jefferies”) and SMBC Group announced today that they have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market.
  • SMBC Group comprises Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) (“SMFG”), Sumitomo Mitsui Banking Corporation (“SMBC”), SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., and other group companies.
  • 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 outstanding common shares of Jefferies.
  • Bruce Rothney, CEO of Jefferies Canada, stated: “In just the first few months since opening Jefferies’ new Canada office, we have already witnessed the benefits that the Jefferies-SMBC strategic alliance will bring to our valued clients.

Jefferies to Release its First Quarter Financial Results on March 27, 2024

Retrieved on: 
Thursday, March 14, 2024
Banking, Professional Services, Finance, Jefferies Financial Group, JEF

Jefferies Financial Group Inc. (NYSE: JEF) today announced it will release its first quarter financial results on Wednesday, March 27, 2024 after market close.

Key Points: 

Jefferies Financial Group Inc. (NYSE: JEF) today announced it will release its first quarter financial results on Wednesday, March 27, 2024 after market close.

Jefferies Issues 2024 Sustainability Report

Retrieved on: 
Wednesday, March 6, 2024
Professional Services, Environmental, Social and Governance (ESG), Environment, Sustainability, Finance, Asset Management, Banking, MLT, Guarantee of origin, Carbon accounting, ESG, Carbon, Organic, Jefferies Financial Group, Richard B. Handler, Organization, JEF, Jefferies

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
Banking, Asset Management, Professional Services, Finance, Strategic alliance, Jefferies Financial Group, JEF, Richard B. Handler, Capital market, Investment, TXV, HomeFed Bank, Investment banking, Gold, Sale, SMBC, OMF, OPNET, Asset management, Bank

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
Banking, Professional Services, Finance, SMFG, Richard B. Handler, Research, Jefferies Financial Group, Multimedia, Partnership, Sumitomo Mitsui Banking Corporation, JEF, SMBC, Growth, Airline

View the full release here: https://www.businesswire.com/news/home/20240116830685/en/

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
Banking, Professional Services, Finance, Jefferies Financial Group, JEF

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.

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

Retrieved on: 
Monday, December 4, 2023
Banking, Professional Services, Finance, Research, NYSE, Head, Richard B. Handler, Mischler Financial Group, The Honourable, Jefferies, Jefferies Financial Group, TMT, Culture, M&A, Partnership, JEF, SMBC, Health, Investment banking, Government, Cryptocurrency

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
Professional Services, Apps, Applications, Technology, Cryptocurrency, Fintech, Asset Management, CFD, Digital wallet, Contract for difference, NYSE, JEF, Jefferies Financial Group, Tradus

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.

OneMain Holdings, Inc. to Acquire Foursight Capital LLC

Retrieved on: 
Tuesday, November 21, 2023
Acquisition, NYSE, Foursight theatre, LLP, OMF, Jefferies Group, Covington & Burling, Jefferies Financial Group, Partnership, JEF, Bank, Financial services, OneMain Financial, Jefferies

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.

Jefferies to Host 14th Annual Global Healthcare Conference in London

Retrieved on: 
Tuesday, October 24, 2023
Professional Services, Health, Finance, Asset Management, Pharmaceutical, Banking, Biotechnology, Jefferies, Conference, The Waldorf Hilton, London, NYSE, JEF, Research

Jefferies looks forward to welcoming delegates back to its 2023 London Healthcare Conference, taking place in-person from Tuesday, November 14 to Thursday, November 16.

Key Points: 
  • Jefferies looks forward to welcoming delegates back to its 2023 London Healthcare Conference, taking place in-person from Tuesday, November 14 to Thursday, November 16.
  • Tommy Erdei, Joint Global Head of Healthcare Investment Banking at Jefferies, commented, “We are proud to once again bring together industry leaders from all corners of the world for our 14th Global Healthcare Conference in London.
  • This year, we will be welcoming leading global public and private companies from the pharmaceuticals, biotechnology and healthcare services sectors in-person at The Waldorf Hilton in London.
  • I look forward to seeing what this year’s conference brings.”
    For further information about the Jefferies 2023 London Healthcare Conference, including the agenda, attending companies and how to register, please contact your Jefferies representative or email [email protected] .