Jefferies, an investment bank and financial services company, completed the demerger of Vitesse Energy, a company that develops non-operated oil and gas assets, into an independent and publicly-traded company. “Today’s announcement is yet another milestone in our long-term plan to focus Jefferies on its core businesses – investment banking and capital markets. Over the last decade since we combined Leucadia National Corporation (Leucadia) and Jefferies Group and ultimately became Jefferies Financial Group, we have made substantial and successful progress. As we have made plain to our various stakeholders, our goal was to optimize value realization from the Merchant Banking portfolio while we continue to build Jefferies," Rich Handler, Jefferies CEO, and Brian Friedman, Jefferies President.