Jefferies

Sector Expertise

Consumer & Retail

Principal Sector Focus:

Notable Facts:

  • Apparel and Footwear
  • Automotive Aftermarket
  • Beverages
  • Consumer Products
  • Food Service Distribution
  • Grocery Retail
  • Mass and Discount Retail
  • Packaged Food
  • Protein & Produce
  • Restaurants
  • Specialty Retail
  • Over 30 professionals worldwide based in New York, Charlotte, London and Hong Kong covering over 265 companies
  • Completed over 255 transactions since the beginning of 2014 valued over $160 billion
  • #1 bookrunner for all Consumer & Retail IPOs since 20141
  • #1 issuer of Consumer Institutional High Yield and #6 issuer of Consumer Institutional Leveraged Loans since 20141
  • One of Wall Street’s leading M&A advisory firms in the consumer & retail space – completed over 65 transactions valued over $70 billion since 2014 

Energy

Principal Sector Focus:

Notable Facts:

  • Oil & Gas Exploration and Production
  • Midstream Oil & Gas
  • Oil Field Services
  • One of the largest energy investment banking teams in the world
  • Nearly 90 professionals worldwide located in the Americas, Europe, and Asia covering over 100 companies
  • Completed over 260 bookrun financings and advisory transactions since the beginning of 2014 with valuation of over $255 billion
  • Leader in M&A, having advised on over $300 billion in transactions, including $30 billion in 2017 and $47 billion in 2018, with #1 market share in upstream and midstream over the past decade
  • Robust financing business with over $35 billion in private capital since 2012
  • Unrivaled technical and financial expertise with a deep bench of engineers, geologists, bankers, and support personnel
  • Deep industry relationships and insights, with the ability to think creatively to add value and bespoke advisory and financing strategies to help client achieve their objectives
  • Continued growth of the business with recent hires to expand capability in Energy Equity Capital Markets and Energy Leveraged Finance as well as expansion of coverage to include Oilfield Services

Financial Institutions

Principal Sector Focus:

Notable Facts:

  • Asset Managers
  • Broker Dealers
  • Business Development Companies
  • Commercial Finance
  • Consumer Finance
  • Insurance
  • Market Structure and Technology
  • Over 25 professionals worldwide based in New York, London and Hong Kong covering over 120 companies
  • Completed over 180 bookrun financings and advisory transactions since the beginning of 2014 valued in excess of $80 billion
  • Success across all product areas:
    • M&A: CF Corporation / Fidelity & Guaranty Life, IHS Markit / automotiveMastermind, Burford Capital / Gerchen Keller, Singapore Exchange / Baltic Exchange, Optionshouse / E*TRADE, Cash America / First Cash, 360T / Deutsche Boerse, Endurance / Montpelier Re
    • High Yield: CURO Group Holdings, Nationstar Mortgage, Title Max, Amigo, Enova, KCG Holdings
    • Debt: Hercules Technology Growth Capital, People’s United
    • Securitizations: Prosper, Lending Club, Enova, Purchasing Power, Progreso Financiero, Avant
    • IPOs: Trian Investors, CURO Financial Technologies, Banca Farmafactoring, Yintech, Bats Global, Lancadia
    • Follow-On Equity: Virtu, CBOE, Bats Global
    • Converts: Hercules Growth Capital, GAIN Capital
    • Restructuring and Recapitalization: CAN Capital, DFC Global

Financial Sponsors

Principal Sector Focus:

Notable Facts:

  • Sell-Side M&A
  • Acquisition Financing
  • Staple Financing
  • Dividend Recap Financing
  • IPO and Secondary Share Monetizations
  • Buy-Side M&A
  • One of the largest dedicated financial sponsor coverage groups in the world, with 15 senior professionals worldwide
  • Completed over 1,300 transactions with aggregate value of over $820 billion since the beginning of 2014
  • Active coverage of 175 private equity firms

Healthcare

Principal Sector Focus:

Notable Facts:

  • Large-Cap Pharmaceuticals
  • Specialty Pharmaceuticals
  • Generic Pharmaceuticals
  • Pharmaceutical Services
  • Biotechnology
  • Diagnostics
  • Life Science Tools
  • Medical Devices
  • Healthcare IT
  • Healthcare Providers
  • Managed Care
  • Healthcare REITs
  • One of the largest healthcare investment banking teams in the world
  • Over 100 professionals worldwide based in New York, San Francisco, London and Hong Kong covering 700 companies
  • Completed over 450 bookrun financings and advisory transactions since the beginning of 2016 with an aggregate value over $215 billion

Industrials

Principal Sector Focus:

Notable Facts:

  • Automotive
  • Automotive Aftermarket
  • Aviation, Aerospace & Defense
  • Building Products
  • Business & Industrial Services
  • Chemicals
  • Distribution
  • Diversified Services
  • Maritime & Shipping
  • Metals & Mining
  • Paper & Packaging
  • Power and Renewables 
  • Over 135 professionals worldwide based in New York, Boston, Chicago, Los Angeles, Washington DC, Atlanta, Houston, Hong Kong, London, Mumbai and Toronto covering over 395 companies
  • Completed over 480 bookrun financing and advisory transactions since the beginning of 2014 valued over $260 billion

Media, Communications & Information Services

Principal Sector Focus:

Notable Facts:

  • Data and Information Services
  • Advertising and Marketing Services
  • Content and Entertainment
  • Media, Publishing and Broadcast 
  • Cloud and Internet Infrastructure
  • Wireless and Satellite
  • Wireline and Cable 
  • Towers, Distributed Antenna Systems (DAS) and Small Cell 
  • 20 professionals worldwide based in New York and London covering approximately 100 companies
  • Completed over 135 bookrun financings and advisory transactions since the beginning of 2014 valued at over $70 billion

Public Finance

Principal Sector Focus:

Notable Facts:

  • Airports
  • Economic Development
  • Education
  • General Obligation Bonds
  • Healthcare
  • Housing
  • Not-For-Profit Entities
  • Public Power
  • Public Private Partnerships
  • State Revolving Funds
  • Transportation
  • Water and Sewer
  • Approximately 40 professionals located in seven cities throughout the United States
  • Completed over 280 bookrun and advisory transactions with aggregate value of more than $42 billion since the beginning of 2014
  • Selected Transactions:
    • Sole Bookrunner for the Pennsylvania Housing Finance Agency, $183 million, Single Family Mortgage Revenue Bonds, August 2018
    • Joint Bookrunner for the Golden State Tobacco Securitization Corporation, $710 million, Tobacco Settlement Asset-Backed Bonds, August 2018
    • Sole Bookrunner for the Triborough Bridge & Tunnel Authority, $429 million, General Revenue Refunding Bonds, August 2018
    • Sole Bookrunner for the Ohio Water Development Authority, $166 million, Water Development Revenue Bonds, July 2018
    • Sole Bookrunner for the Alaska Housing Finance Corporation, $167 million, General Mortgage Revenue Bonds, July 2018
    • Sole Bookrunner for the New York State Environmental Facilities Corporation, $319 million, State Clean Water and Drinking Water Revolving Fund Revenue Bonds, July 2018
    • Joint Bookrunner for the Golden State Tobacco Securitization Corporation, $1.674 billion, Tobacco Settlement Asset-Backed Bonds, June 2018
    • Joint Bookrunner for the Metropolitan Washington Airports Authority, $558 million, Airport System Revenue and Refunding Bonds, May 2018
    • Sole Bookrunner for the Pennsylvania Turnpike Commission, $441.8 million, Oil Franchise Tax Senior Revenue Bonds, and, Oil Franchise Tax Subordinated Revenue Bonds, May 2018
    • Joint Bookrunner for the Commonwealth of Massachusetts, $346 million, General Obligation Refunding Bonds, May 2018

Real Estate, Gaming & Lodging

Principal Sector Focus:

Notable Facts:

  • Casino Operators, Online, Tribal Gaming
  • Data Centers
  • Gaming Project Financing
  • Industrial
  • Lodging & Leisure
  • Lottery Services and Gaming Equipment Manufacturers
  • Office
  • Real Estate Developers
  • Real Estate Private Equity Funds
  • Residential: Multifamily, Single Family, Land Developers
  • Retail
  • Self Storage
  • Over 20 professionals worldwide based in Charlotte, Frankfurt, London, and New York covering over 130 companies
  • Completed over 210 bookrun financings and advisory transactions since the beginning of 2014 valued in excess of $125 billion
  • Works closely with Jefferies LoanCore, a 50/50 joint venture between Jefferies and GIC that provides mortgage loans to fund commercial real estate
  • Acted as joint bookrunner for National Retail Properties Inc. on a $700 million senior unsecured notes offering, which closed in September 2018
  • Acted as joint lead arranger on a $765 million financing package in support of the acquisition of The Bay Club Company by KKR, which closed in September 2018
  • Acted as joint bookrunner on a forward block trade of $193 million of common stock for Agree Realty Corporation, which closed in September 2018
  • Acted as joint bookrunner on a $185 million common stock offering for PlayAGS, representing our fourth transaction with the Company since acting as a joint bookrunner on the $189 million IPO in January 2018
  • Acted as joint bookrunner on a £300 million initial public offering for Tritax EuroBox in July 2018

Technology

Principal Sector Focus:

Notable Facts:

  • Communications Technologies
  • Electronics and Hardware
  • Enterprise Software
  • Internet and Digital Media
  • Semiconductors & Components
  • Technology Services and FinTech
  • #1 underwriter of technology leveraged loans
  • #1 Lead-left bookrunner on convertible offerings up to $300 million for technology issuers since 2014
  • Category leader in technology leveraged finance with over 70 lead-left transactions since 2014
  • 35 Bookrun IPOs globally since 2014, and over 285 bookrun financings and M&A transactions since 2014
  • Leading in global technology M&A with highest premiums achieved
  • 115 professionals across every vertical of technology in every major geography

Sources:

1. Dealogic.

2. Bloomberg.

3. IHS Herold - Transactions greater than $100 million. Includes U.S. sell-side asset transactions over $100 million.

4. LCD, a unit of S&P Capital IQ

Note: Number of professionals and transaction count are approximated.