Lazard to Acquire Campbell Lutyens, Creating the Global Leader in Private Capital Advisory

– Lazard, Inc. entered a definitive agreement to acquire Campbell Lutyens, a global private markets advisor specializing in fund placement, secondary advisory, and GP capital advisory

– The combined entity will form Lazard CL, a new global private capital advisory unit integrated with Lazard’s M&A and advisory platform

– Lazard CL will operate across infrastructure, private credit, private equity, and real estate in the U.S., Europe, Middle East, and Asia Pacific

– Combined business highlights:
▪️~ $500m estimated revenue by 2027
▪️280+ advisory professionals across 18 global offices
▪️60+ institutional distribution professionals
▪️230+ fee-paying mandates (last 2 years)
▪️$100bn+ GP and LP secondary transactions (last 2 years)
▪️$190bn+ capital raised (last 2 years)

– The platform will provide end-to-end advisory across the capital lifecycle, from fundraising to liquidity and strategic alternatives

– Integration of proprietary datasets with AI capabilities aims to enhance client insights and position Lazard as a leading AI-enabled independent financial firm

– Lazard CL will become Lazard’s third global business line

– Leadership structure:
▪️Peter Orszag remains CEO and Chairman of Lazard
▪️Holcombe Green (Lazard) and Gordon Bajnai (Campbell Lutyens) appointed Co-CEOs of Lazard CL

– Peter Orszag, CEO and Chairman, Lazard said the deal is a defining strategic step toward Lazard 2030, combining global insight, scale, and expertise to create a new benchmark in private capital advisory

– Gordon Bajnai, CEO, Campbell Lutyens said the partnership aligns with their ambition to be the premier global private capital advisor and will expand investor access through a large integrated distribution network

– Holcombe Green, Global Head of Private Capital Advisory, Lazard said the transaction combines two complementary franchises to deliver end-to-end solutions and strengthen client support across private markets

– Senior leadership remains in place, including:
▪️Andrew Sealey (Chairman, Campbell Lutyens) as non-executive Chairman of Lazard CL
▪️Kevan Comstock, James Jacobs, Nick Miles, Stephen Salyer (Lazard)
▪️Gerald Cooper, Thomas Liaudet, Immanuel Rubin, Sarah Sandstrom, Richard von Gusovius, Marc Dumbell (Campbell Lutyens)

– Transaction terms:
▪️Total consideration ~ $575m (split between closing and two years post-closing)
▪️Additional earn-out up to $85m based on performance

– Expected to be accretive to earnings from 2027 onward

– Closing anticipated in 2026, subject to regulatory approvals

You may also like these

Thrive Holdings to Acquire ADT in $15.3 Billion Transaction, Taking Security Group Private ADT Inc. has entered into a definitive agreement to be acquired by Thrive Holdings in an all-cash transaction. The transaction values ADT at approximately $7.6bn in equity value and $15.3bn in enterprise value. Thrive Holdings is a permanent capital holding company focused on investing in established businesses and enhancing their capabilities through technology. The acquisition will combine ADT’s more than 150 years of security experience, nationwide servicenetwork and customer relationships with Thrive Holdings’ long-term capital and engineering capabilities. ADT CEO Jim DeVries said the transaction recognizes the value built by ADT’s more than 12,000employees and provides an attractive cash premium to shareholders. He highlighted the potential toaccelerate innovation, enhance customer experience and develop new products and services. Thrive Holdings Partner Kareem Zaki said the firm intends to build on ADT’s legacy by strengthening its technology and product capabilities, with the capital and long-term investment horizon to supportinnovation and improve customer service. ADT will form the foundation of Thrive Holdings’ smart home security business. Thrive currently hasmore than 75 businesses across accounting, IT services and the built environment. Thrive Holdings intends to support ADT’s long-term growth through continued investment in its people, products and services, with engineering teams working alongside ADT professionals to identify opportunities to enhance technology and customer support. Thrive Holdings Partner Anuj Mehndiratta reaffirmed the firm’s commitment to maintaining high standards of privacy and cybersecurity. Funds managed by affiliates of Apollo Global Management, Inc. have provided the transaction’s financing commitments. Until closing, ADT will continue operating independently. Upon completion, it will become privatelyheld and delist from the New York Stock Exchange.… more