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Jefferies & Company, Inc. | Jefferies Group, Inc. - Investment Banking -
Category Directory
(212)
284-2550
520
Madison Avenue, 12th Floor
New York, New York 10022
www.jefco.com
Sales
$927
million
Business Description
Jefferies Group, Inc. and its subsidiaries (the “Company”) operate as a
full-service investment bank and institutional securities firm focused on
the middle market. The Company offers financial advisory, capital raising,
mergers and acquisitions, and restructuring services to small and mid-cap
companies and provides trade execution in equity, high yield, convertible
and international securities, as well as research and asset management
capabilities, to institutional investors. The Company also offers
correspondent clearing, prime brokerage, private client services and
securities lending services.
As of December 31, 2003, the Company had 1,626 employees. The Company
maintains offices throughout the world and has its executive offices located
at 520 Madison Avenue, New York, New York 10022. The telephone number is
(212) 284-2550 and its Internet address is
www.jefco.com.
Investment Banking
Jefferies’ Investment Banking Division offers corporations (primarily
middle-market growth companies) a full range of financial advisory services
as well as debt, equity, and convertible financing services. Services
include acquisition financing, bridge and senior loan financing, private
placements and public offerings of debt and equity securities, debt
refinancings, restructuring, merger and acquisition and exclusive sales
advice, structured financings and securitizations, consent and waiver
solicitations, and company and bondholder representations in corporate
restructurings. Investment banking activity involves both economic and
regulatory risks. An underwriter may incur losses if it is unable to sell
the securities it is committed to purchase or if it is forced to liquidate
its commitments at less than the agreed upon purchase price. In addition,
under the federal securities laws and other laws and court decisions with
respect to underwriters’ liability and limitations on indemnification of
underwriters by issuers, an underwriter is subject to substantial potential
liability for material misstatements or omissions in prospectuses and other
communications with respect to underwritten offerings. Further, underwriting
commitments constitute a charge against net capital and Jefferies’
underwriting commitments may be limited by the requirement that it must, at
all times, be in compliance with the Uniform Net Capital Rule 15c3-1 of the
Securities and Exchange Commission (the “Commission”).
Jefferies intends to continue to pursue opportunities for its corporate
customers, which may require it to finance and/or underwrite the issuance of
securities. Under circumstances where Jefferies is required to act as an
underwriter or to take a position in the securities of its customers,
Jefferies may assume greater risk than would normally be assumed in its
normal trading activity.
Business Segments
Jefferies & Company, Inc.
Jefferies & Company, Inc. (“Jefferies”) was founded in 1962 and is engaged
in equity, convertible debt and high yield securities brokerage and trading
and investment banking. Jefferies is one of the leading national firms
engaged in the distribution and trading of blocks of equity securities both
on the national securities exchanges and in the “third market.” The term
“third market” refers to transactions in listed equity securities effected
away from national securities exchanges. Jefferies’ revenues are derived
primarily from commission revenues and market making or trading as principal
in equity, high yield, convertible securities, options, futures and
international securities with or on behalf of institutional investors, with
the balance generated by investment banking and other activities. Jefferies
currently provides equity and/or convertible and/or high yield research to
its customers in the areas of: Aerospace & Defense; Apparel; Biotechnology;
Consumer; Energy; Financial Services; Food Products & Restaurants; Gaming &
Leisure; Government & Commercial IT; Healthcare; Home Building; Home Goods
Retailing; Industrial; Knowledge Services; Post-Reorganization; Printing,
Packaging & Printing-Related Industries; Maritime/ Shipping; Media &
Entertainment; Retail; Specialty Retail; Special Situations; Technology;
Transportation and Telecommunications.
Jefferies International Limited
Jefferies International Limited (“JIL”) was incorporated in 1986 in England.
JIL is a member of The International Stock Exchange and The Securities and
Futures Authority. JIL introduces customers trading in U.S. securities to
Jefferies and also trades as a broker-dealer in international equity and
convertible securities and American Depositary Receipts (“ADRs”). In 1995,
JIL formed a wholly owned Swiss subsidiary, Jefferies (Switzerland) Ltd. In
1996, JIL formed a wholly owned English subsidiary, Jefferies (Japan)
Limited, which maintains a branch office in Tokyo.
Quarterdeck Investment Partners, LLC
The Company acquired Quarterdeck Investment Partners, LLC (“Quarterdeck”) in
December 2002. Quarterdeck is an investment banking firm specializing in
mergers and acquisitions in the global aerospace, defense, and federal
information technology industries.
Broadview International LLC
The Company acquired Broadview International LLC (“Broadview”) in December
2003. Broadview is an investment banking firm specializing in mergers and
acquisitions in the information, communications and healthcare technology
industries.
Bonds Direct Securities LLC
Bonds Direct Securities LLC (“Bonds Direct”) provides investment grade fixed
income transaction execution for institutions acting as principal, through a
combination of professional sales and trading coverage, and a technology
platform that enables true on-line real-time trading. Bonds Direct was
formed in February 2001 and is a majority-owned subsidiary of the Company.
Ticker
JEF
Investment Banks in the Directory
Bear Stearns
Citigroup Global Markets
Goldman Sachs
Jefferies Group
Lehman Brothers
Merrill Lynch
Morgan Stanley
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