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Frasers Group has announced the appointment of Jefferies, a full-service investment banking and capital markets firm, as its new corporate broker.
Jefferies will replace Liberum as the company’s joint corporate broker, alongside Barclays Bank plc and Deutsche Numis, with immediate effect.
Frasers said: “The board of Frasers wishes to thank Liberum for its exemplary advice and execution, which has helped support the group’s growth through its Elevation strategy.”
The news comes after Frasers Group acquired the Matches business from MF Intermediate Limited in a deal estimated to be around £52m.
The company has purchased 100% of the shares of a group of six companies, as well as the acquisition of the senior and junior debt owed by those companies.
