Jefferies M&A Year-End Review

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Jefferies M&A Year-End Review

In a difficult environment, Jefferies completed its second-best M&A year for fiscal 2022 (12 months ended Nov 30, 2022), realizing nearly $1.8 billion in total advisory revenue with the following highlights.  

Market Position 

  • Overall, Jefferies attained a market position of #6 based on the M&A fee pool in the U.S. and Europe. For transactions below $5.0 billion, we ranked #4, and for those less than $3.0 billion and $1.0 billion, we ranked #3 and #1, respectively. For each of these three size thresholds, Jefferies’ market share increased.
  • In the important area of private equity sell-side transactions, we ranked #3 measured by both revenue and number of transactions, while attaining the #1 position in the U.S. based on number of sell-side transactions.  

Transaction Metrics

  • In a market with many headwinds, Jefferies closed over 290 transactions for clients, nearly equal to 2021.
  • Other important metrics for our business include:
    • Over $290 billion in closed transaction value
    • Average transaction size exceeding $1.0 billion in value
    • Closed 79 transactions at or above $1.0 billion in value
    • Continued to lead in sell-side transactions with nearly 200 transactions completed, representing two-thirds of our transaction volume
    • Over 50% of our sell-side clients were acquired by corporations, once again demonstrating Jefferies’ broad access to relevant buyer constituencies
    • Acted as sole advisor on 80% of our transactions 

The continued strength of the Jefferies M&A business is a result of deep sector expertise paired with exceptional sector-dedicated advisory talent. As our global footprint continues to grow, Jefferies is active in nearly every significant geographic region. As always, we lead with innovative and creative advice tailored to the individual objectives of each client. 

As we enter a potentially difficult market environment in 2023, Jefferies remains dedicated to providing our M&A clients with high-touch service, featuring the senior-most banker focus leveraging all relevant product capabilities and geographies to deliver exceptional results. For clients who transacted with Jefferies in 2022, we thank you for your trust, confidence and support. 

Source: Rankings from Dealogic 12/1/2021-11/30/2022, M&A data sourced from Jefferies