Lazard to Acquire Campbell Lutyens, Form Global Advisory Unit

Lazard ( (LAZ) ) has shared an update.

On April 30, 2026, Lazard announced it had entered a definitive agreement to acquire Campbell Lutyens, a global private markets advisor focused on fund placement, secondary advisory and GP capital advisory. The acquisition will create Lazard CL, a new global business unit that combines Lazard’s existing private capital advisory group with Campbell Lutyens to form what the firm calls the leading private capital advisory platform worldwide.

Lazard CL will operate across infrastructure, private credit, private equity and real estate in the U.S., Europe, the Middle East and Asia Pacific, integrating closely with Lazard’s M&A, capital markets and restructuring teams. The combined platform is expected to generate about $500 million in 2027 revenue, employ more than 280 advisory professionals in 18 offices and reflect over $290 billion in capital raised and secondary volume over the past two years.

Holcombe Green, Lazard’s Global Head of Private Capital Advisory, and Campbell Lutyens CEO Gordon Bajnai will serve as Co‑CEOs of Lazard CL, reporting to Lazard CEO and Chairman Peter Orszag, with Campbell Lutyens’ Andrew Sealey as non‑executive chairman. Lazard says the enlarged platform and leadership are central to its “Lazard 2030” strategy, boosting growth and the share of revenue from private capital while using combined proprietary datasets and AI tools to deepen client insights.

The transaction values Campbell Lutyens at approximately $575 million in total consideration, payable partly at closing and partly two years later, with both tranches subject to lock‑ups and the potential for up to $85 million in additional performance‑based payments. Lazard expects the deal, which remains subject to regulatory approvals and is anticipated to close in 2026, to be accretive to its earnings from 2027 onward, underscoring a strategic bet on the continued expansion of private capital advisory.

By adding Campbell Lutyens to its franchise, Lazard aims to set a new benchmark for an integrated global model in private markets advisory that spans capital formation, liquidity and strategic alternatives. For clients, the combination promises one of the industry’s largest integrated distribution networks and end‑to‑end advisory coverage across the capital life cycle, while for Lazard it represents a significant deepening of its presence in rapidly growing private markets and a key pillar of its long‑term growth agenda.

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.

Score is anchored by a cyclical financial rebound and a positive earnings-call outlook (record advisory performance and constructive 2026 guidance), but is held back by high leverage and clearly bearish technical conditions (trading below major moving averages with weak momentum). Valuation is neutral-to-supportive mainly due to the dividend yield, but not enough to offset the balance-sheet and trend risks.

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

More about Lazard

Founded in 1848, Lazard is a preeminent global financial advisory and asset management firm with operations across the Americas, Europe, the Middle East, Asia and Australia. It advises on mergers and acquisitions, capital markets, restructuring, liability management, geopolitics and other strategic matters, and provides asset management and investment solutions to institutional and private clients worldwide.

Campbell Lutyens, founded in 1988, is one of the world’s leading independent private capital advisors, specializing in primary fundraising, secondary transactions and GP capital solutions in private equity, private credit and infrastructure. Operating across 15 locations on three continents, it has raised more than $713 billion of capital over its 35‑plus‑year track record for general partners and limited partners.

Lazard is listed on the New York Stock Exchange under the ticker LAZ and positions itself as an independent advisor with deep sector expertise and global reach. Campbell Lutyens uses a data‑led advisory approach, leveraging unique market insights and longstanding relationships to access deep pools of private market capital and leading sponsors, enhancing its role within the private markets ecosystem.

Average Trading Volume: 1,386,787

Technical Sentiment Signal: Buy

Current Market Cap: $4.46B

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