Jefferies ups the ante in China
AMERICAN investment bank Jefferies & Co expects to arrange 10 deals worth US$1 billion in transaction value for China-based clients next year, its Vice Chairman Paul Deninger said.
The deals, which include public offerings and stake transactions, compare with six China-related mandates worth US$500 million in transaction value for the past two years, he said. The Chinese clients cover alternative energy, shipping, natural resources and industrials, according to Wei Hopeman, the firm’s chief representative in Shanghai.