Weil is advising Leucadia National Corporation, a US holding company, in the merger of Leucadia and Jefferies Group, Inc., a US financial services company. The deal has a total equity value of roughly $2.6 billion, or $3.7 billion when Leucadia’s existing 28.6% ownership stake is included. The transaction is expected to close in the first quarter of 2013.
This representation builds on the longstanding relationship that Weil has had with Leucadia, which began in 1977. Selected recent representations include advising Leucadia in its acquisition of a controlling interest in National Beef Products; its investment in Australian mining company, Fortescue Metals Group; its joint ventures with Berkshire Hathaway Inc. for the acquisition of the US mortgage organization and servicing business of Capmark Financial Group Inc. and control of The Finova Group out of a chapter 11 restructuring; and in a variety of other acquisitions, investments and divestitures of assets.
The Weil team advising Leucadia in connection with the merger includes M&A partners Andrea A. Bernstein and Matthew J. Gilroy (both of New York); Tax partners Mark Hoenig and Chayim D. Neubort (both of New York); M&A associates Allison M. Donovan and Jamie W. Lurie (both of New York); and Tax associate Mark E. Dundon (Dallas).
