Lazard, Inc. to Acquire Campbell Lutyens in $575M Deal
Lazard, Inc. has agreed to acquire Campbell Lutyens in a transaction valued at approximately $575 million, marking a significant expansion of its private capital advisory capabilities.
The combined businesses will operate as Lazard CL, a new unit integrating fundraising, secondary advisory and GP capital advisory across infrastructure, private equity, private credit and real estate markets globally. The deal includes additional performance-based consideration of up to $85 million tied to multi-year targets.
The combined platform is expected to generate approximately $500 million in estimated revenue by 2027, supported by more than 280 advisory professionals across 18 offices and a dedicated institutional distribution team of over 60 professionals. Over the past two years, the businesses have collectively advised on more than $100 billion of secondary transactions and raised over $190 billion in capital for clients.
“Lazard CL will offer financial sponsors and institutional investors comprehensive advisory services across the full capital lifecycle,” the firm said, spanning fund formation, liquidity solutions and strategic alternatives.
Leadership will reflect a blended structure, with Lazard’s Global Head of Private Capital Advisory Holcombe Green and Campbell Lutyens CEO Gordon Bajnai serving as co-CEOs. Andrew Sealey will take on the role of non-executive chairman.
The transaction, expected to close in 2026, is projected to be accretive to earnings by 2027.
