Jefferies plans to focus on mid-cap firms

The global investment bank opens office in New Delhi

NEW DELHI: Global investment bank and securities company Jefferies plans to focus on Indian mid-cap companies with a market capitalisation of $50 million -$500 million, Edward Males, managing director and country head (India), said.

The US-based investment bank, which facilitated two cross-border acquisitions for Indian firms this year, opened a local office on Thursday.

“A lot of companies in the mid-cap space are looking to raise capital, and are also looking for mergers and acquisition opportunities. We hope to service the needs of such companies,” Males said while announcing the opening of the company’s representative office in New Delhi.

The company plans to focus on companies in telecom, media, information technology,
infrastructure and energy sectors.

Meanwhile, Jefferies said it plans to add broking and distribution as the next line of businesses in the country

Since 2005, Jefferies has raised over $1.4 billion for Indian companies through foreign currency convertible bonds, initial public offerings and private placements. The company recently helped Zenith Infotech raise $50 million through a FCCB at a competitive rate. It has so far brokered acquisition deals for Apollo Health Street and i-flex from its London office.

New York-based Jefferies offers financial advisory, institutional brokerage, securities research and asset management services.  It has completed 20 transactions. Some of it important clients includes NDTV networks, Adani Enterprises, Radico Khaitan and Gitanjali Gems.