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FOR IMMEDIATE RELEASE Jefferies Enters Strategic Alliance with Leumi & Co. in Israeli Technology Effort; New Alliance Provides Jefferies With Valuable Access To Leading Israeli Companies, Substantially Enhances Leumi's Capital Markets And M&A Capabilities NEW YORK, Apr 06, 2005 (BUSINESS WIRE) -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), and Leumi & Co. Investment House, a wholly owned subsidiary of Bank Leumi, today announced a strategic alliance that will bring world-class advisory services and capital-raising capabilities to Israeli growth-oriented companies in key geographies across a number of sectors, including technology and healthcare. Under the terms of the alliance, Jefferies and Leumi will cooperate in a number of areas. Leumi will help to leverage the significant capital markets and M&A advisory capabilities of Jefferies and Broadview International, which has been an active M&A advisor in the Israeli market for a decade and was acquired by Jefferies in December 2003. Jefferies will benefit from greater access to a host of growth-oriented, mid-sized Israeli companies operating in the Middle East, the U.S. and other key markets. It is anticipated that Jefferies and Leumi will work jointly on major technology industry M&A transactions, where appropriate. "Israel is a global hub for investment and innovation, and this alliance provides Jefferies with significant new traction in a key marketplace," commented Chris Kanoff, Executive Vice President and Co-Head of Investment Banking at Jefferies. "This alliance is also a ringing endorsement of Jefferies' successful combination with Broadview, leading to new opportunities for our clients in technology M&A. The Jefferies reputation for client service, innovation, professionalism, and integrity sets our firm apart from other investment banks and is squarely in line with the business principles of Leumi." Alec Ellison, President of Broadview, a division of Jefferies, added, "Our decision to work with Leumi was inspired by Leumi's impressive access to the leaders of innovation among Israeli technology and healthcare companies. This alliance expands Broadview's existing capabilities as a very active advisor to Israeli clients, for whom we have completed half a dozen M&A transactions in the past 15 months alone." According to Avi Zeldman, CEO of Leumi & Co., "The alliance with Jefferies is an important milestone in Leumi & Co.'s strategic plan to expand and enhance the scope of capital-raising and advisory services we offer to Israeli clients globally. We are thrilled to have the opportunity to work alongside Jefferies and extend our roots as a leading player in foreign capital raising and investment banking services for Israeli technology and healthcare companies." Osnat Ronen, deputy CEO of Leumi & Co., and head of the investment sector added, "The technology and healthcare sectors in Israel are clearly in recovery mode, as evidenced by capital raising by start-ups and VCs alike. The shake-up and re-shaping of the growth investment-banking scene has left few players standing, creating a clear opportunity for a strong mid-market advisor to become a dominant player." "This alliance will form one of the strongest platforms in the market," said Eran Goren, who heads the alliance effort at Leumi & Co. "Jefferies brings a strong and growing capital markets capability to the table, and ranks it among the top growth investment banks in the U.S. Additionally, Jefferies provides excellent M&A capabilities in technology through the Broadview division, and a powerful securities research and trading platform, a crucial element of post-IPO success." About Jefferies Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 40 years. Headquartered in New York, with more than 20 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefco.com). About Broadview Broadview International, a division of Jefferies & Company, Inc., is a leading global corporate finance advisor focused on the IT, communications, healthcare technology and digital media industries. For over 30 years, Broadview has provided clients with advice on merger and acquisition transactions, restructuring and equity private placements. More than 85 investment-banking professionals operate, with strategic partners, across North America, Europe, Asia and India. About Leumi & Co. Leumi & Co., the wholly owned Investment Banking unit of Bank Leumi, specializes in underwriting, investments, M&A and equity research, through a number of business units. Its Underwriting Division is Israel's leading domestic markets securities underwriter, with a significant market share in terms of deals completed. The firm's Investment Division handles the entire Leumi Group investment portfolio, currently valued in excess of NIS 2.6 billion. Leumi & Co.'s M&A Unit provides global M&A services to a host of Israel's traditional industry market leaders, and, finally, the National Consultants Research Unit provides equity research services on Israeli stocks, traded both domestically as well as in U.S. markets. Note to Editors: Key facts about Israel technology and business (Source: Israel Ministry of Foreign Affairs as of 2001)
Key facts about Jefferies
SOURCE: Jefferies & Company, Inc. Jefferies & Company, Inc. |
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