Mergers & Acquisitions ·
Lazard completes acquisition of Campbell Lutyens for $115M deferred plus up to $85M earn-out
LAZLazard, Inc.
Lazard, Inc. completed the acquisition of 100% of Campbell Lutyens Holdings Limited on November 1, 2026. The transaction combines Lazard's private capital advisory with Campbell Lutyens' global platform to form Lazard CL. Initial consideration included approximately $93.2 million in cash and roughly 9.65 million shares of common stock valued at a reference price of $46.50 per share. The deal also includes $115 million in deferred consideration payable on the second anniversary and contingent earn-out payments of up to $85 million based on revenue targets through 2030. Lazard anticipates combined revenues of approximately $500 million, with earnings accretion expected in 2027. The firm operates as a global financial advisory and asset management company.