Jefferies

As Jefferies’ 2024 Summer Internship program winds down, we asked this year’s interns to share highlights from their experience, things that surprised them, what they’ll take away from their time with us and more. Check out what they shared with us below. Jefferies CEO Rich Handler also shares well wishes and words of gratitude for the energy, curiosity, and overall contributions this class of interns brought to the firm this summer.

We recently met with Michael Kumin at the Jefferies Private Internet Conference, where we discussed his vision for AI's future and its impact on investing within private equity. As a managing director at the growth-focused private equity firm, Great Hill Partners, Kumin assesses how AI will shape its existing portfolio and future investments at a moment when global venture investment is rebounding: http://spklr.io/6049suzU

Gregory Kaplan and Christopher Martin, from Jefferies Wealth Management’s Managed Fixed Income (MFI) team, share insights that came out of their quarterly investment meeting in their MFI Mid-Year Outlook: http://spklr.io/6040suzn

Jefferies acted as Joint Financial Advisor to Outbrain in the acquisition of Teads, a global omnichannel video platform, in a cash-and-stock transaction valued at approximately $1 Billion. This transaction highlights Jefferies’ exceptional ability to leverage its global expertise in the Internet sector and debt capital markets to assist clients in raising capital to support their strategic needs. Furthermore, this transaction underscores Jefferies’ leading franchise in Israel, where Jefferies has advised on 40 transactions with a total value of $45 billion across capital markets and M&A since January 2021.

Congratulations to Goldman Sachs Alternatives on their $440 million strategic investment in BrightNight, a leading renewable power company! We’re proud to have served as Sole Financial Advisor on this transaction, highlighting Jefferies’ continued expertise in advising clients on marquee transactions across the renewable energy sector, and also underscores our global leadership in providing valuable expertise to clients across the broader energy transition ecosystem.

We are pleased to have advised our key partner Blackstone on their $1.58 billion acquisition of Hipgnosis Songs Fund Limited, one of the leading companies offering investors pure-play exposure to music royalties and their associated intellectual property rights. The transaction showcases our momentum in Global Media, Entertainment & Sports and UK Investment Banking franchises. The transaction is one of twelve UK Public M&A deals that Jefferies has been involved in year-to-date, including four externally managed investment funds, with a combined deal value of over £13 billion.

Alejandro Guevara, Head of Investment Banking in Brazil, spoke to Bloomberg about Jefferies’ recent expansion into Brazil. Alejandro also shared his outlook on the local market and plans to expand the Jefferies footprint in the region. Since 2019, we have more than doubled our number of managing directors outside the US, and plan to continue to hire leaders globally. Read the full article here: http://spklr.io/6046s3fj

Our CEO, Rich Handler, and President Brian Friedman are constantly asked: “When will the IPO market return?” They are confident the IPO window is open today, and there is meaningful demand for companies priced appropriately and with strong management, durable business models, and solid long-term prospects. See more on why they believe taking a company public in the next twelve months would be excellent timing, and a schedule of U.S. IPO performance since May 2023, which they mark as the beginning of the opening of this IPO window.

Speaking at the Jefferies Private Internet Conference, Rick Heitzmann founder of FirstMark and early investor in companies such as Pinterest, Ro, and DraftKings Inc., describes the transformation of the New York City venture capital industry. He also discusses his investing strategy in a landscape where AI is progressing exponentially, healthcare is being digitalized, and investments in consumer tech start-ups are fewer and farther between. Watch his full interview here: http://spklr.io/6048sJqY

Congratulations to Priority Power, Ara Partners and Oaktree Capital Management, L.P. on the sale of Priority Power to I Squared. Jefferies is proud to have served as Lead Financial Advisor to Priority Power in this transaction. This transaction underscores Jefferies’ continued leadership in advising companies that enable the energy transition and represents the firm’s tenth transaction in the space over the past twelve months. Read more here: http://spklr.io/6040sJds