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 25 professionals worldwide based in New York, Charlotte, London and Hong Kong covering 170 companies
  • Completed 165 transactions since the beginning of 2014 valued over $180 billion
  • #1 consumer & retail equity franchise – served as left-lead bookrunner on 1 out of 5 consumer & retail IPOs since 20141 and involved as a bookrunner on over 50% of consumer & retail IPOs since 20141
  • Consistently rank as a top 3 consumer & retail middle market leveraged finance platform2
  • One of Wall Street’s leading M&A advisory firms in the consumer & retail space – completed over 35 advisory transactions valued over $35 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
  • Approximately 80 professionals worldwide located in Houston, London and Hong Kong covering over 120 companies
  • Completed over 160 bookrun financings and advisory transactions since the beginning of 2014 with valuation of over $170 billion
  • #1 ranked in number and value of U.S. shale sell-side M&A over last 5 years3
  • Advised on 9 of the top 15 onshore oil and gas transactions since 2008 and 5 of the top 10 midstream transactions since 2012
  • Unparalleled capabilities in M&A and private capital raising for oil and gas companies
  • Peerless 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
  • Robust financing business with over $30 billion in private capital, including $3 billion raised in 2016, for the energy industry and continued growth of the business with recent hires to expand capability in Energy Capital Markets and Energy Leveraged Finance

Financial Institutions

Principal Sector Focus:

Notable Facts:

  • Asset Managers
  • Broker Dealers
  • Business Development Companies
  • Commercial Finance
  • Consumer Finance
  • Insurance
  • Market Structure and Technology
  • Approximately 20 professionals worldwide based in New York, London and Hong Kong covering over 80 companies
  • Completed over 110 bookrun financings and advisory transactions since the beginning of 2014 valued in excess of $52 billion
  • Success across all product areas:
    • M&A: Burford Capital / Gerchen Keller, Singapore Exchange / Baltic Exchange, Optionshouse / E*TRADE, Cash America / First Cash, 360T / Deutsche Boerse, Endurance / Montpelier Re, Lone Star / DFC Global
    • High Yield: Title Max, Enova, KCG Holdings, DFC Global
    • Debt: People's United, Hercules Technology Growth Capital
    • IPOs: Yintech, Bats Global, Lancadia, Apax Global Alpha, Victory Park
    • Converts: GAIN Capital
    • Follow-On Equity: Markit, Gladstone Commercial
    • Securitizations: Lending Club, Enova, Purchasing Power, Progreso Financiero, Avant
    • Restructuring and Recapitalization: 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 over 10 senior professionals worldwide
  • Completed 730 transactions with aggregate value of approximately $425 billion since the beginning of 2014
  • Active coverage of approximately 250 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 90 professionals worldwide based in New York, San Francisco, London and Hong Kong covering 690 companies
  • Completed over 475 bookrun financings and advisory transactions since the beginning of 2014 with an aggregate value of $205 billion

Industrials

Principal Sector Focus:

Notable Facts:

  • Aerospace & Defense
  • Automotive Aftermarket
  • Autos
  • Capital Goods
  • Chemicals
  • Construction & Building Materials
  • Distribution
  • Diversified Services
  • Maritime
  • Metals & Mining
  • Packaging & Paper
  • Power, Renewables and Infrastructure
  • Transportation & Logistics
  • 115 professionals worldwide based in New York, Boston, Chicago, Los Angeles, Washington DC, Frankfurt, Hong Kong, London and Toronto covering 480 companies
  • Completed over 270 bookrun financing and advisory transactions since the beginning of 2014 valued at approximately $150 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 
  • 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 200 companies
  • Completed over 80 bookrun financings and advisory transactions since the beginning of 2014 valued at approximately $40 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 185 bookrun and advisory transactions with aggregate value of more than $17 billion since the beginning of 2014
  • Selected Transactions:
    • Lead Bookrunner for TSASC, Inc, $1.1 billion Tobacco Settlement Bonds, January 2017
    • Sole Bookrunner for Texas Transportation Commission, $89 Million State Highway Fund Tier Bonds, October 2016
    • Sole Bookrunner for State of California, $200 million General Obligation Bonds (Index Floating Rate Bonds), September 2016
    • Sole Bookrunner for New York Counties Tobacco Trust VI, $161 million Tobacco Settlement Bonds, September 2016
    • Senior Bookrunner for Pennsylvania Housing Finance Agency, $254 million Single Family Mortgage Revenue Bonds, September 2016
    • Senior Bookrunner for Ohio Water Development Authority, $150 million Water, Sewer & Gas Facilities, Water Development Revenue Bonds, July 2016
    • Senior Bookrunner for University of Connecticut, $341 million General Obligation Bonds, April 2016
    • Senior Bookrunner for the State of Wisconsin, $120 million Clean Revenue Refunding Bonds, March 2016
    • Senior Bookrunner for the City of New York, $800 million General Obligation Bonds, February 2016
    • Senior Bookrunner for the Maryland Health and Higher Education Facilities Authority, (Mercy Medical Center), $135 million Revenue Bonds, February 2016

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, New York and San Francisco covering over 190 companies
  • Completed 125 bookrun financings and advisory transactions since the beginning of 2014 valued in excess of $40 billion
  • In December 2016, completed a $109 million lead bookrun equity offering for National Storage Affiliates, representing our fourth equity transaction with the Company, totalling over $690 million including its IPO, which Jefferies led in April 2015
  • Acted as a sole financial advisor to Mindful Storage on its portfolio sale to Strategic Storage Trust II for $371 million, closed in December 2016
  • Acted as sole financial advisor to CNL Lifestyle Properties in the sale of its ski and attractions portfolio to EPR Properties and Och-Ziff Capital Management for $850 million, closed in November 2016
  • In October 2016, completed a £350 million sole bookrun equity offering for Tritax Big Box REIT, representing our eighth transaction with the Company, bringing total equity raised to over £1.2 billion
  • In March 2016 completed a £125 million sole bookrun equity offering for Empiric Student Property, representing our fifth transaction with the Company, bringing total equity raised to £430 million
  • Acted as sole financial advisor to AmREIT, Inc. on its highly publicized hostile takeover defense and eventual sale that closed in February 2015
  • 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
  • Over 70 professionals worldwide based in New York, Boston, Silicon Valley, San Francisco, London, Mumbai, and Hong Kong
  • Completed more than 225 bookrun financings and advisory transactions since the beginning of 2014 valued over $120 billion
  • Leader in global technology M&A
  • Category leader in technology leveraged finance with nearly 40 lead-left transactions since 2014
  • #4 underwriter of lead-left software leveraged loans in the last twelve months4
  • Significant momentum as a bookrunner of technology IPOs – bookrunner on 25 technology IPOs globally since 2014
  • Since 2015, Jefferies was the #1 bookrunner on convertible offerings under $300mm for technology issuers

Sources:

1. Dealogic.

2. Bloomberg. Represents rankings based on all Institutional leveraged loan and high yield issues less than $500 million in the consumer & retail verticals.

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.