Deals
Jefferies Nears a Deal to Sell Its Oak Hill Stake to Kuwait-Backed Wafra
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Wafra, an alternative-asset manager that invests on behalf of Kuwait, has agreed to acquire a minority stake in private equity firm Oak Hill Capital Partners from Jefferies Financial Group Inc., according to people with knowledge of the matter.
A transaction may be announced in coming weeks, said one of the people, all of whom requested anonymity as the information is private.