FeeLogic

M&A Advisory Fee Intelligence

JEFFERIES M&A ADVISORY FEE INTELLIGENCE REPORT

This report provides summary-level insights into Jefferies' M&A advisory fee structures. FeeLogic's full platform delivers deal-specific and advisor-specific intelligence that enables clients to identify precisely what matters for their transaction profile and the exact advisors they're considering.

KEY INSIGHTS: JEFFERIES' FEE DYNAMICS

CORE VS. NON-CORE FEE COMPONENTS

Our transaction-level analysis clearly separates core advisory fees from non-core components (fairness opinions and discretionary fees). This distinction reveals:

  • In the Asensus/KARL STORZ transaction ($140.9M), the core advisory fee was 2.39% while non-core components (fairness opinion) added an additional 0.8% for a total of 3.19%
  • Core advisory components typically represent 65-75% of total fees
  • Fairness opinions generally account for 20-25% of total fee structure
  • Discretionary components (when present) range from 10-15% of total compensation

SHIFTING MARKET RATES

Our time-series analysis reveals significant volatility in Jefferies' fee rates - increasing 19% from 2019-2022 before declining 10% through 2024. Without current market data, you risk overpaying by hundreds of thousands in advisory fees.

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SHIFTING MARKET RATES

Our time-series analysis reveals significant volatility in Jefferies' fee rates - increasing 19% from 2019-2022 before declining 10% through 2024. Without current market data, you risk overpaying by hundreds of thousands in advisory fees.

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NEGOTIATE WITH DATA-DRIVEN PRECISION

20-25%

Potential Savings from Fairness Opinion Optimization

$42B+

Transaction Value Analyzed

185+

Advisory Mandates

FeeLogic empowers you to:

  1. Isolate Core Advisory Components: Identify precisely which fee components can be negotiated or potentially eliminated for your specific transaction type
  2. Benchmark Against Relevant Peers: Compare Jefferies specifically against the exact competitor set relevant to your transaction
  3. Leverage Process Type Knowledge: Understand how the strategic approach to market impacts fee structures
  4. Understand True Market Rates: Even active PE professionals typically see only a few fee proposals per year, limiting visibility into actual market rates. M&A fees have evolved well beyond the classic Lehman scale, with increased competition from independent banks creating a far more nuanced and complex fee landscape than most realize

NEGOTIATION LEVERAGE PONTS

Our granular fee component analysis reveals specific negotiation opportunities:

  • Fairness opinion waivers: In certain transaction types, fairness opinions can be waived or reduced, potentially saving 20-25% of total fees
  • Discretionary component caps: Set parameters around success-based discretionary components to prevent fee creep
  • Process-based benchmarking: Use precise process type comparisons to negotiate more favorable terms based on your specific transaction structure

READY TO OPTIMIZE YOUR ADVISORY FEES?

Schedule a consultation with our team to develop a customized fee benchmarking analysis for your specific transaction profile.
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FeeLogic | M&A Advisory Fee Intelligence | www.feelogic.com

Data based on analysis of 4,200+ engagements across 450+ banks from the last 10 years

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