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Lazard has reached an agreement to buy private capital advisory group Campbell Lutyens in a $575m (£426.3m) deal.
Lazard will acquire Campbell Lutyens for $575m to form a new Lazard CL division.
KEY POINTS
- The combined unit expects to generate $500m in revenue by 2027 with 280 advisers worldwide.
- Lazard CL has handled over $100bn in secondary transaction volume and raised $190bn in two years.
- The acquisition includes a potential $85m performance-based payment to Campbell Lutyens.
- Private capital industry assets grew from $14 trillion in 2020 to $24 trillion in 2023.
COMPANIES
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