AcquisitionsApr 30, 2026, 06:22 AM
LAZ to Acquire Campbell Lutyens for ~$575M; Forms Lazard CL
AI Summary
Lazard, Inc. announced a definitive agreement to acquire Campbell Lutyens, a premier global private markets advisor, for approximately $575 million. This acquisition will establish Lazard CL as Lazard's third global business, creating a leading private capital advisory platform. The transaction is expected to be accretive to 2027 earnings and will be co-led by Holcombe Green and Gordon Bajnai, aligning with Lazard's 2030 vision for growth.
Key Highlights
- LAZ to acquire Campbell Lutyens for approximately $575M.
- Forms Lazard CL, Lazard's third global business unit.
- Holcombe Green and Gordon Bajnai appointed Co-CEOs of Lazard CL.
- Combined businesses estimate ~$500M in 2027 revenue.
- Over 280 advisory professionals across 18 global offices.
- Over $190B of capital raised for clients in past two years.
- Transaction expected to be accretive to 2027 earnings.
- Potential additional consideration up to $85M based on performance.