Jefferies agrees sale of OpNet operations to Wind Tre for €485M, substantially completing strategic simplification

Jefferies Financial Group Inc.

Sale consideration €485M; ~€225M in cash or CKHGT three-year notes; value to Jefferies ~€320M, above carrying value.
Transaction expected to close Q2 or Q3 2024, subject to regulatory approvals.
Recent sales: Foursight Capital to OneMain Holdings (OMF) and Golden Queen to Andean Precious Metals (APM).
Remaining legacy investment of size is HomeFed; Jefferies will reclassify remaining legacy investments as 'Other investments' in Asset Management segment.
Jefferies says deal completes substantial reduction of legacy investments, returning focus to core Investment Banking and Capital Markets business.

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