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FOR IMMEDIATE RELEASE Jefferies Awarded M&A Deal of the Year; Top Honor in Media and Telecommunications Given at The Third Annual M&A Advisor Awards NEW YORK--(BUSINESS WIRE)--Dec. 21, 2004--Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced that the firm has been awarded the Media and Telecommunications M&A Deal of the Year by The M&A Advisor for the EUR 475 million acquisition of Kelkoo by Yahoo!. Jefferies' technology investment banking division, Broadview International, served as the strategic advisor to Kelkoo, Europe's largest e-commerce services provider. Broadview was engaged to present Kelkoo to strategic acquirers globally in autumn 2003 in a transaction led by Managing Director Ben Tompkins. Yahoo!, the Internet's leading global consumer and business services company, signed a letter of intent in January 2004, and the transaction was completed in April. Yahoo! paid EUR 475 million in cash for Kelkoo. "We are honored to have received this award from The M&A Advisor," commented Alec Ellison, President of Broadview, a division of Jefferies. "This transaction demonstrates our firm's strength in technology investment banking, where our industry knowledge and relationships made this strategic transaction possible for both Kelkoo and Yahoo!." The annual M&A Advisor Awards recognize and celebrate the top dealmakers and transactions specific to the mergers and acquisitions of middle-market companies. In 2003 Jefferies was awarded the "U.S. Middle Market M&A Deal of the Year" for the recapitalization of Samsonite Corporation at the Second Annual M&A Advisor Awards. Similarly, at the First Annual M&A Advisor Awards in 2002, Quarterdeck Investment Partners, LLC, which became the aerospace, defense and federal IT investment banking division of Jefferies at the end of that year, was named the "2002 Boutique Middle Market M&A Firm of the Year." Jefferies' commitment to mid-sized and growing companies, defined as those with a market capitalization under $2.5 billion, is both deep and broad across a range of industries, products and services. For years the firm has been helping such companies meet their financial advisory and capital raising needs. In addition, Jefferies has been a primary source of liquidity for institutions in the trading of small and mid-cap companies across the equity, convertible and high yield securities markets. Jefferies' research is focused on providing institutional investors with insight and opportunities most relevant to companies in this segment, with over 80% of equity research focused on companies with a market cap below $5 billion. About Jefferies Jefferies, a global investment bank and institutional securities firm, has served mid-sized and growing companies and their investors for over 40 years. Headquartered in New York, with more than 20 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefco.com). CONTACT: SOURCE: Jefferies & Company, Inc. |
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