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 230 companies
  • Completed over 235 transactions since the beginning of 2014 valued over $140 billion
  • #1 bookrunner for all Consumer & Retail IPOs since 20141
  • #1 issuer of Consumer Institutional High Yield and #4 issuer of Consumer Institutional Leveraged Loans since 20142
  • One of Wall Street’s leading M&A advisory firms in the consumer & retail space – completed over 60 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
  • Over 90 professionals worldwide located in the Americas, Europe, and Asia covering over 100 companies
  • Completed over 255 bookrun financings and advisory transactions since the beginning of 2014 with valuation of over $245 billion
  • Leader in M&A, having advised on over $300 billion in transactions, including $29 billion in 2016 and $30 billion in 2017, with #1 market share over the past decade
  • Robust financing business with over $30 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
  • 25 professionals worldwide based in New York, London and Hong Kong covering over 110 companies
  • Completed over 165 bookrun financings and advisory transactions since the beginning of 2014 valued in excess of $75 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: Nationstar Mortgage, Title Max, CURO Financial Technologies, Amigo, Enova, KCG Holdings
    • Debt: Hercules Technology Growth Capital, People’s United
    • Securitizations: Prosper, Lending Club, Enova, Purchasing Power, Progreso Financiero, Avant
    • IPOs: CURO Financial Technologies, Banca Farmafactoring, Yintech, Bats Global, Lancadia, Apax Global Alpha, Victory Park
    • 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 1,235 transactions with aggregate value of over $775 billion since the beginning of 2014
  • Active coverage of over 165 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 95 professionals worldwide based in New York, San Francisco, London and Hong Kong covering over 690 companies
  • Completed over 650 bookrun financings and advisory transactions since the beginning of 2014 with an aggregate value over $300 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 115 professionals worldwide based in New York, Boston, Chicago, Los Angeles, Washington DC, Atlanta, Houston, Hong Kong, London, Mumbai and Toronto covering over 375 companies
  • Completed over 455 bookrun financing and advisory transactions since the beginning of 2014 valued over $250 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 
  • Over 15 professionals worldwide based in New York and London covering approximately 100 companies
  • Completed over 130 bookrun financings and advisory transactions since the beginning of 2014 valued at over $65 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 nine cities throughout the United States
  • Completed over 240 bookrun and advisory transactions with aggregate value of more than $38 billion since the beginning of 2014
  • Selected Transactions:
    • 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
    • Joint Bookrunner for the University of Connecticut, $276 million, General Obligation Bonds, April 2018
    • Sole Bookrunner for the New York City Transitional Finance Authority, $1 billion, Building Aid Revenue Bonds, March 2018
    • Joint Bookrunner for the University of Connecticut, $141 million, Special Obligation Student Fee Bonds, March 2018
    • Joint Bookrunner for the Golden State Tobacco Securitization Corporation, $110.5 million, Enhanced Tobacco Settlement Asset-Backed Bonds, March 2018
    • Sole Bookrunner for the City of San Diego Tobacco Settlement Revenue Funding Corporation, $97.8 million, Tobacco Settlement Bonds, March 2018
    • Sole Bookrunner for the City of New York, $700 million, General Obligation Bonds, March 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 200 bookrun financings and advisory transactions since the beginning of 2014 valued in excess of $115 billion
  • Acted as joint bookrunner on QTS Realty Trust’s $316 million convertible perpetual preferred offering, which closed in June 2018
  • Acted as joint bookrunner on a $398 million common stock offering for Easterly Government Properties, which closed in June 2018
  • Acted as joint bookrunner on a $650 million senior unsecured notes offering for Digital Realty Trust, which closed in June 2018
  • Acted as sole lead arranger for Everi Payments Inc. on its $814 million credit facility, which closed in May 2018
  • Acted as joint bookrunner on a $101 million common stock offering for PlayAGS, representing our third transaction with the Company since acting as joint bookrunner on the $189 million IPO in January 2018
  • Acted as sole bookrunner on a £185 million follow-on offering for Countryside Properties, which closed in April 2018
  • Acted as joint lead arranger for Golden Nugget’s $2.3 billion credit facility, which closed in April 2018
  • Acted as sole financial advisor to Urban Commons, LLC on its consolidation and recapitalization of a $375 million national lodging portfolio, which closed in April 2018
  • Completed a £156 million sole bookrun equity offering for Tritax Big Box REIT, representing our tenth transaction with the Company, bringing total equity raised to over £1.7 billion, closed in April 2018
  • Acted as lead bookrunner on Ventas’ senior unsecured notes offering of $650 million in February 2018
  • Acted as lead bookrunner on $600 million senior secured notes offering for Hunt Companies, closed in February 2018
  • Acted as joint bookrunner on $189 million IPO for PlayAGS in January 2018, as well as acting as sole lead arranger on the repricing of the Company’s $513 million credit facility, which closed in February 2018
  • Works closely with Jefferies LoanCore, a 50/50 joint venture between Jefferies and GIC that provides mortgage loans to fund commercial real estate

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 250 bookrun financings and M&A transactions since 2014
  • Leading in global technology M&A with highest premiums achieved
  • 21 Senior Managing Directors supported by 80 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.