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Jefferies Group and Babson Capital Management announced the launch of a new joint venture last week - called Jefferies Babson Finance. The new business will offer loans to middle market and growth companies with sales in the neighborhood of $100 million to $500 million, or possibly higher, said Tom Finke, head of the loan business at Babson. "The joint venture was created to provide the basis for underwriting and syndicating leveraged loans for Jefferies' client base," Finke said. Essentially, now, Jefferies Babson Finance can offer loans that are in addition to other financial products - such as high yield bonds - that Jefferies' investment banking franchise already offers its clients.
Finke said...