Lazard completes acquisition of Campbell Lutyens

Lazard, Inc. (NYSE: LAZ) has completed its acquisition of Campbell Lutyens and launched Lazard CL, a private capital advisory business. The deal was first announced on April 30, 2026.

Lazard CL combines Lazard's private capital advisory business with Campbell Lutyens. The company says it has more than 300 advisory professionals and 19 offices worldwide, and that it has advised on more than $1 trillion of primary capital raised and secondary volume across about 1,300 mandates over four decades. Peter Orszag, Lazard's CEO and Chairman, called it the firm's third global business.

Upfront consideration was paid primarily in Lazard stock, with portions subject to lock-up arrangements of up to three years. Lazard said Campbell Lutyens is performing ahead of the assumptions behind the acquisition and expects Lazard CL to generate about $500 million of estimated combined revenue and be accretive to earnings in 2027, before synergies.