Hildene Capital Reports Strategic Relationship With Jefferies' Leucadia Asset Mgmt; Leucadia To Buy Non-Controlling Financial Interest In Hildene, No Terms Disclosed

Hildene Capital Management, LLC (“Hildene”), an asset management firm focused on distressed and event-driven opportunities within credit, today announced that it has entered into a strategic relationship with Leucadia Asset Management (“LAM”), a division of Jefferies Financial Group Inc. (NYSE:JEF). In connection with the transaction, LAM will acquire a non-controlling financial interest in Hildene and will help seed certain new Hildene vehicles and businesses.

“We are excited about our new strategic relationship with Leucadia Asset Management,” said Brett Jefferson, Founder and Co-Chief Investment Officer of Hildene. “We think the global reach and institutional expertise that LAM brings to the table is both complimentary and accretive to what we are endeavoring to create here at the firm.”

“We are thrilled to be working with Brett, Dushyant, and the rest of the team at Hildene. They are proven, capable investors with a long-term track record and we look forward to helping them continue to grow their exceptional firm,” said LAM co-presidents Nick Daraviras and Sol Kumin.