Lazard to Acquire Campbell Lutyens, Expanding Private Capital

Lazard ( (LAZ) ) has shared an announcement.

On April 30, 2026, Lazard entered into a sale and purchase agreement to acquire 100% of Campbell Lutyens Holdings, creating what it positions as a leading global private capital advisory platform under the Lazard CL banner. The transaction, which is expected to close by March 31, 2027 subject to regulatory approvals, combines two complementary franchises with roughly $190 billion in capital raised in 2024–2025 and a projected $500 million in combined 2027 revenue, significantly expanding Lazard’s reach across private equity, credit, infrastructure and secondary markets.

The agreed consideration totals up to $660 million, comprising $460 million of initial closing consideration largely in Lazard common stock, $115 million in deferred payment after two years and up to $85 million in earn-out tied to revenue growth through 2030, with issuance of shares capped under NYSE rules and any excess settled in cash or loan notes. The structure, which includes lock-up, clawback and registration-rights provisions as well as a potential $50 million termination fee if certain U.K. antitrust conditions are not met, underscores Lazard’s strategic push to deepen sponsor relationships, strengthen its private markets footprint and align with faster-growing segments of alternative assets without taking on financing risk for the deal.

The most recent analyst rating on (LAZ) stock is a Sell with a $45.00 price target. To see the full list of analyst forecasts on Lazard stock, see the LAZ Stock Forecast page.

Spark’s Take on LAZ Stock

According to Spark, TipRanks’ AI Analyst, LAZ is a Neutral.

The score is driven primarily by improving fundamentals and a constructive outlook from the latest earnings call (strong Asset Management inflows and strategic progress), tempered by ongoing balance-sheet leverage and margin/cost pressures. Technicals are supportive but not decisively bullish, while valuation looks reasonable with a solid dividend yield offsetting a ~20 P/E.

To see Spark’s full report on LAZ stock, click here.

More about Lazard

Lazard Inc. is a global financial advisory and asset management firm, with a significant presence in private capital advisory through fund placement, secondary advisory and GP capital advisory services. Campbell Lutyens, founded in 1988, is an independent private markets advisor with strengths in infrastructure and credit, operating across 15 cities in 10 countries and maintaining extensive institutional investor relationships.

Average Trading Volume: 1,394,725

Technical Sentiment Signal: Strong Buy

Current Market Cap: $4.55B

Learn more about LAZ stock on TipRanks’ Stock Analysis page.