Business
SMBC Group and Jefferies Significantly Expand Their Global Strategic Alliance
NEW YORK & TOKYO, September 19, 2025--Jefferies Financial Group, Inc. (NYSE: JEF) ("Jefferies") and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) ("SMFG"), Sumitomo Mitsui Banking Corporation ("SMBC"), and SMBC Nikko Securities Inc. ("SMBC Nikko") (collectively, "SMBC Group") announced today that they are significantly expanding their Global Strategic Alliance.

About this update from Sumitomo Mitsui Financial Group, Inc.
[{"type":"text","content":"Joint Venture to Combine Equities and ECM Businesses in Japan","length":61,"tagName":"p","attribs":{}},{"type":"text","content":"Expanding Joint Coverage of Larger Sponsors","length":43,"tagName":"p","attribs":{}},{"type":"text","content":"In EMEA, Implementing Joint Origination, Underwriting and Execution of Syndicated Leveraged Finance for These Clients","length":117,"tagName":"p","attribs":{}},{"type":"text","content":"SMBC to Increase Equity Ownership in Jefferies to up to 20% in the Open Market","length":78,"tagName":"p","attribs":{}},{"type":"text","content":"SMBC to Provide Jefferies Approximately $2.5 Billion in New Credit Facilities to Support Jefferies and to Facilitate Collaboration Efforts","length":138,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK & TOKYO, September 19, 2025--(BUSINESS WIRE)--Jefferies Financial Group, Inc. (NYSE: JEF) ("Jefferies") and Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) ("SMFG"), Sumitomo Mitsui Banking Corporation ("SMBC"), and SMBC Nikko Securities Inc. ("SMBC Nikko") (collectively, "SMBC Group") announced today that they are significantly expanding their Global Strategic Alliance.","length":439,"tagName":"p"},{"type":"text","content":"SMBC Group and Jefferies initially entered into a Strategic Alliance in 2021 to collaborate on future corporate and investment banking business opportunities. In 2023, the Alliance was expanded to enhance collaboration across M&A, equity and debt capital markets, with a particular focus on investment grade clients in the U.S. SMBC Group and Jefferies subsequently added Memoranda of Understanding to expand their alliance to the EMEA region, Canada, Asia and Australia, as well as to expand the scope of Joint Coverage initiatives to larger global sponsors, pre-IPO companies, and sub-investment grade corporate clients.","length":626,"tagName":"p"},{"type":"text","content":"Today, Jefferies and SMBC Group announce the next significant steps in their Global Strategic Alliance that will further capitalize on their unique business strengths and enhance their abilities to meet the global needs of their borrowing, investing, corporate and sponsor clients. This will include combining their Japanese equities and ECM businesses, expanding joint coverage of larger sponsors and implementing...