19 Sep 2025 | 5 Mins Read
SMB Capital increases stake in Jefferies to 20% with $912m investment
Flipitmoney
Sumitomo Mitsui Banking Corp (SMBC) will invest an additional 135 billion yen ($912.84 million) in U.S. investment bank Jefferies, deepening their alliance. This brings SMBC's stake to up to 20% and sets up a joint venture in Japan, aiming to consolidate their wholesale Japanese equities businesses by January 2027, contributing 50 billion yen to profit by the fifth year.