Jefferies LLC

Tritax has raised £300m through a fixed price IPO in order to create a new real estate investment trust focused on logistics property in continental Europe.

Bio-technology firms AOBiome Therapeutics and Stealth Biotherapeutics Corp are seeking the greenlight to float in Hong Kong, adding to a fast-growing pipeline from the sector.

Hong Kong’s new biotechnology-friendly listing regime attracted IPO filings this week from China-based Innovent Biologics and MicuRx Pharmaceuticals.

BMC Software, the US IT firm, has revealed the loan leg of the funding for its leveraged buyout by KKR, a $4.4bn facility in dollars and euros. It is the first multi-billion leveraged loan deal for four weeks, after a battery of large offerings early in May.

Investment manager Tritax is considering launching a new real estate investment trust focused on logistics property in continental Europe, to capitalise on the success of Tritax Big Box Reit, the UK-focused fund that launched in 2013 and is now a FTSE 250 company.

Jefferies has hired a veteran M&A banker from Deutsche Bank to join its power and infrastructure utilities team.

Avast, the Czech cyber security company, has set the terms of its London IPO, valuing it at £3.2bn at the top of the range.

McGraw-Hill Global Education has obtained a payment in kind (PIK) term loan from funds advised by Guggenheim Partners and Ares to help refinance its 2019 PIK toggle notes, five months after it pulled a PIK toggle bond aimed at achieving the same goal.

Tritax Big Box REIT, the UK real estate investment trust (REIT) focused on “big box” distribution centres, has raised £155m ($218.31m) of growth capital and was covered in excess of its deal size.

The EMEA IPO market is fully underway again after the Easter break, with bankers fresh from the Courchevel ski slopes or St Tropez sunbeds to provide investors with some fresh IPO powder. But high volumes means buyers have the ability to be selective.

Jefferies owes its success to industry expertise and an entrepreneurial culture that keeps its bankers at the coalface, writes David Rothnie.

With dead eyes, the procession of defeated beasts shuffled forwards, waiting for the axe to fall… no, not Deutsche Bank’s fixed income traders, facing yet another round of restructuring and redundancies but a possible scene from the activities of National Beef, the business that, until recently, shared a corporate roof with Jefferies. Both were part of the conglomerate Leucadia Corporation, which also owned auto dealership Garcadia with the Garff family.