Lazard to acquire Campbell Lutyens for ~$575M, creating private capital advisory leader

Lazard, Inc.

Total consideration of ~$575M payable at closing and two years later; earn-out up to $85M.
Estimated combined 2027 revenue ~$500M; over 280 advisory professionals across 18 offices.
Holcombe Green (Lazard) and Gordon Bajnai (Campbell Lutyens) appointed Co-CEOs of new unit Lazard CL.
Transaction expected to close in 2026 subject to regulatory approvals; accretive to 2027 earnings.
Andrew Sealey to serve as non-executive Chairman of Lazard CL; senior leadership teams remain.

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