---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-044702"
form_type: "8-K"
ticker: "JEF"
cik: "0000096223"
company_name: "Jefferies Financial Group Inc."
filed_at: "2025-12-08T23:59:59+00:00"
generated_at: "2026-05-16T14:10:30.054542+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Jefferies to acquire 50% interest in Hildene Holding Company and support SILAC acquisition

## Summary
- Jefferies will invest $340M cash, contribute $75M in equity interests, and exchange revenue-share rights for 50% of Hildene Holding Company.
- Hildene will use proceeds to acquire SILAC, a fixed indexed annuity provider, for $550M cash.
- Jefferies expects an immediate accretion to net earnings and a pretax gain of approximately $75M at closing.
- Hildene has over $18B AUM; Jefferies expects reduction in its investment platforms by over $500M in 2026.
- Transaction expected to close in Q3 2026 subject to regulatory and client approvals.

## SEC filing metadata
- accession: 0001140361-25-044702
- form_type: 8-K
- ticker: JEF
- cik: 0000096223
- company_name: Jefferies Financial Group Inc.
- filed_at: 2025-12-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96223/000114036125044702/0001140361-25-044702-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96223/000114036125044702/ef20060779_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-044702
- JSON: https://secwatch.observer/filing/0001140361-25-044702.json
- Plain text: https://secwatch.observer/filing/0001140361-25-044702.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.