Jefferies moves to Europe

Jefferies International Ltd., a subsidiary of US group Jefferies Group has expanded the group’s recapitalisation and restructuring advisory business into the European market.

The newly established European team will offer senior level restructuring advisory services to Jefferies’ growing client base in the European market.

Richard Nevins, co-head of the restructuring team at Jefferies & Company since 1998 has relocated to Jefferies International’s London office to lead the European practice. He will be responsible for expanding Jefferies’ presence in the European restructuring market.

Jefferies’ global recapitalisation and restructuring group has over 40 bankers working across various industry sectors. Representing issuers, bondholders, creditors, as well as buyers and sellers of assets, the firm has restructured around $100bn in liabilities since 1998. The group is currently representing bondholders in Parmalat’s Canadian operating company and represented the unsecured creditors in the Federal-Mogul restructuring, which created a precedent for a coordinated US/European restructuring.