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Team of the monthOctober 27 2023

Jefferies raises its profile in French market

As part of its European expansion plans, the US investment bank is building momentum in France, as the recent Verkor mandate demonstrates.
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Jefferies raises its profile in French market From left: Jean-Edouard Galliot, Arnaud Fornas, Evans Haji-Touma

Jefferies, the US-headquartered investment bank, has been increasing its footprint across continental Europe, where it now has offices in Sweden, Benelux, Germany, Spain, Italy and France. A measure of its success in France was its role as sole placement agent for battery maker Verkor in a €850m private equity raising, the largest ever for a French start-up.

“Jefferies decided to meaningfully expand in France three years ago,” says Arnaud Fornas, the bank’s head of France investment banking advisory. “Today we have around 45 Paris-based bankers, half of them trading floor professionals and the other half investment bankers.”

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