Jefferies and SMBC Expand Global Strategic Alliance with $2.5B Credit Facility and Equity Stake
Jefferies Financial Group and SMBC Group are deepening their Global Strategic Alliance, with SMBC set to acquire up to 20% of Jefferies' equity in open market transactions. The partnership includes a $2.5 billion credit facility to bolster collaboration efforts.
The expanded alliance will combine equities and ECM businesses in Japan, while enhancing joint coverage of larger sponsors in EMEA. The firms will jointly originate, underwrite, and execute syndicated Leveraged finance for key clients.
Since forming their initial alliance in 2021, the partnership has grown to encompass M&A, capital markets, and expanded geographic coverage across EMEA, Canada, Asia, and Australia. The latest MOVE capitalizes on both institutions' complementary strengths in investment banking.
