Jefferies

In the latest edition of Jefferies Perspectives, three of our senior healthcare investment bankers share what’s driving optimism in biopharma and beyond. From the return of large-scale M&A and capital formation to the growing role of AI and the strategic reshaping of portfolios, discover the trends shaping healthcare transactions and what to expect in 2026. Explore insights from Philip Ross, Tommy Erdei, and Chris Roop on opportunities, challenges, and why biopharma may be in the “early innings”—similar to tech a decade ago.

Jefferies is pleased to have served as Exclusive Financial Advisor to J-W Power Company on their $860 million sale to USA Compression Partners (NYSE: USAC). We congratulate J-W Power Company, the Westerman Family and USA Compression on this important transaction. This transaction strengthens USA Compression’s position as a leading U.S. contract compression provider, with a combined fleet of ~4.4 million active HP and a pro forma enterprise value over $6 billion, while enhancing geographic and customer diversification, accelerating the path to sub-4.0x leverage, and providing significant incremental upside from rising natural gas demand. Jefferies is the leader in Midstream Energy, with #1 market share since 2012. We have now advised on seven of the largest compression transactions since 2019.

We sat down with Bloomberg CTO Shawn Edwards and Jefferies’ Brent Thill to unpack how AI is moving from hype to daily workflow on the research desk. From agentic systems to model-agnostic strategies, here’s what you need to know. Read more: http://spklr.io/6045BVlu5

This week, we hosted our second annual Global Emerging Markets Conference (GEMS) in Dubai. GEMS brought together 50+ leading corporates from across the Middle East, CEEMEA, Asia and LatAm, and offered a unique opportunity to join a number of high-profile investor trips throughout the UAE and Saudi Arabia. In addition to 1x1 and small group meetings, GEMS shed a light on the regional and global trends shaping business today, Dubai’s ambitious D33 vision for continued economic development and transformation, the possibilities that lie in UAE and Saudi Real Estate, and the Middle East’s emergence as a sports and entertainment hub. Thank you to all who joined us, with special thanks to our expert panelists: H.E. Hadi Badri, CEO, Dubai Economic Development Corporation; Monica Malik, Chief Economist, Abu Dhabi Commercial Bank; Harmen de Jong and Shehzad Jamal, Regional Partner and Partner at Knight Frank's MENA Consultancy; Mehrdad Ghoudoussi, Managing Partner at PCP Capital Partners; and Steve Parish, Chairman of CPFC.

Last week, Jefferies hosted our Global Healthcare Conference in London—the largest healthcare investor event in Europe. We welcomed 4,400+ attendees, including institutional investors, private equity, venture capital, and corporate leaders, for impactful discussions on global healthcare trends. This year featured a new Biotech & Biopharma Kick-off Day, spotlighting opportunities in capital markets recovery, M&A momentum, and the transformative role of technology and science. Thank you to everyone who joined us in shaping the future of healthcare!

Last week, Jefferies proudly hosted our annual Women in Tech summit. The day featured inspiring remarks from Rich Handler, an AWS keynote speaker, Innovation Talks from our Women in Tech community, and an engaging Agentic Design Workshop. In the workshop, participants completed the Agent of Change certification program, leaving with actionable strategies to drive meaningful transformation. We are committed to shaping the future of AI and innovation at Jefferies and empowering women to lead the way. Thank you to Synechron for facilitating the Agentic Design Workshop as part of this incredible day.

A fantastic evening at our annual UK REIT C-Suite Reception last night, where CEOs, CFOs, and leading institutional investors came together to exchange insights on the market. With more than 100 registered guests, the event served as a high-calibre forum at a pivotal moment for the market and an opportunity for industry leaders to share views. We were pleased to have Dominique Moerenhout, CEO of EPRA, join the discussions and share his thoughts. This reception was a collaboration between our Equities and Investment Banking teams, showcasing the depth of Jefferies’ expertise and commitment to listed real estate. As a market leader, we remain focused on fostering connections among the decision-makers shaping the future of the sector, and we look forward to continuing these conversations in the months ahead. Thank you to everyone who joined us and made the evening such a success!

Hear from Julien Dumoulin-Smith and Paul Zimbardo as they invite you to join us at the Jefferies Renewables & Clean Energy Conference on December 3–4 in New York City. This event brings together public and private companies across the clean energy sector, alongside leading institutional, private equity, and venture capital investors. Learn more here: http://spklr.io/6041BTFbR

Jefferies congratulates Eos Energy Enterprises, Inc. on the company's $525 million convertible notes offering. We were honored to serve as an active bookrunner. This transaction underscores the strength of Jefferies' Energy Transition investment banking effort and our commitment to delivering differentiated advisory and capital raising solutions to leading companies in the important energy storage sector.