Primus International
Sensing an upswing in the commercial aero-structures market, Jefferies Quarterdeck worked with private equity group Rhône Capital LLC to find the right strategic partner for portfolio company Primus International, a leading global supplier of aircraft structures with an attractive client list and facilities in the US and China. Having served as advisor during the formation and build-out of Primus, Jefferies' perspective and leadership in the A&D M&A marketplace made it a clear choice as advisor. The Firm leveraged its extensive experience in the sector, lending capabilities and knowledge of high probability buyers to structure and execute the sale, and served as co-lead arranger for a senior secured credit facility for the buyer. Jefferies led a smooth negotiation process on behalf of Primus and came to a mutually beneficial agreement with the ultimate buyer, with Jefferies Finance fully funding the credit facility. The acquisition positioned Primus for continued growth while providing a suitable exit opportunity for Rhône Capital LLC. Soon thereafter, Jefferies served as sell-side advisor to Walden's Machine, Inc., a supplier of components, kits and assemblies to the global aerospace industry, in its sale to Primus, and again provided financing to support the buyer through a senior secured credit facility.

Statoil ASA
As part of its international growth strategy, Statoil, Scandinavia's leading oil and gas company, was determined to expand its deepwater portfolio in the Gulf of Mexico—a market characterized by a large deal flow with frequent buying and selling of oil and gas assets by domestic and international oil and gas companies. Having negotiated with Jefferies Randall & Dewey on the company's acquisition of EnCana's Gulf of Mexico deepwater portfolio, and given our leadership in energy M&A, Statoil chose the Firm to identify and act on the right opportunity. Jefferies leveraged its deep knowledge, relationships and established presence in the region to negotiate a mutually beneficial agreement with Plains Exploration & Production. Statoil acquired a working interest in two Gulf of Mexico deepwater discoveries: Caesar and Big Foot. In addition, Statoil acquired one exploration prospect in which it already had an interest and a right of first negotiation for acquiring similar assets at a later stage. The transaction, valued at $706 million, was executed within an accelerated time frame and represented another important milestone for Statoil's significant and profitable Gulf of Mexico portfolio.

Brown Jordan
When the furniture industry hit a rough patch, Brown Jordan International, a leading designer and manufacturer of fine outdoor furniture, needed to recapitalize its balance sheet. Jefferies' reputation for creative financing solutions and strong retail and consumer expertise made it the obvious choice to serve as advisor. In order to offset operating and liquidity disruptions that had occurred under prior management, Jefferies orchestrated an intricate out-of-court restructuring focused on improved results and premium brand positions. The solution required negotiations with major note holders, multiple forbearance agreements with various creditor classes and a broad solicitation of financing alternatives to major lenders and hedge funds. Jefferies successfully executed a three-tranche recapitalization, including a $50 million equity investment, a $200 million debt financing and a $105 million exchange offer—obtaining a 99.8 percent acceptance on the exchange. The Company not only avoided Chapter 11, but had the flexibility and capital to acquire the intellectual property assets of Sun Isle, a Floridabased designer and manufacturer of specialty furniture and yarns, immediately after closing the recapitalization.