Lazard Completes Acquisition of Campbell Lutyens

✦ Meridian Analysis

Lazard, Inc. announced on 2 November 2026 that it has closed the acquisition of Campbell Lutyens, a deal first disclosed on 30 April 2026. The transaction was executed as a share‑based purchase, with the bulk of the consideration paid in Lazard stock and portions subject to lock‑up arrangements lasting up to three years. By absorbing Campbell Lutyens, Lazard adds a dedicated private‑capital advisory franchise to its existing M&A, capital‑markets and restructuring platform, creating the new Lazard CL business. The target’s management and staff join Lazard’s global network while retaining operational autonomy under the Lazard CL brand. What remains undisclosed are the transaction’s enterprise value, the implied multiple on Campbell Lutyens’ earnings and the exact composition of any ancillary financing. Details on the advisers that facilitated the deal, the regulatory clearances required and the post‑closing integration timetable have not been provided. Professionals will be watching the first‑quarter performance of Lazard CL and any announced synergies, as well as whether the lock‑up stock component influences Lazard’s balance‑sheet leverage or shareholder voting dynamics.

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