BUZZ-PE: Looking for French alternatives - Jefferies

** Jefferies initiates coverage of French listed private equity firms in response to an increasingly limited number of liquid opportunities within the UK listed PE universe

** Says lack of sufficient trading liquidity "particularly acute" within listed PE sub-sector following recent developments at SVG Capital and Electra Private Equity

** Jefferies sees certain Paris-listed firms as offering potential alternatives -- starts with "buy" for Altamir and Wendel (LSE: 0HZD.L - news) and a "hold" for Eurazeo (LSE: 0HZC.L - news)

** Jefferies: Event risk around French election has understandably now subsided, with resulting rally in French equities seemingly reflected in some narrowing of the discounts of the 3 cos

** Brokerage says current estimated discount for Altamir (23.1 pct) and Wendel (21.3 pct) looks attractive

** Much of value for peer Eurazeo (current estimated discount 15.6 pct) remains within its traditional Eurazeo Capital (Other OTC: CGHC - news) segment, where vast majority of holdings appear to be either at the beginning or end of their development under co's ownership