Lazard to Pay $575M for Campbell Lutyens, Forming $500M Revenue Private Capital Unit
Lazard will acquire Campbell Lutyens for $575 million plus up to $85 million earnouts, forming Lazard CL with an estimated $500 million of combined 2027 revenue. The deal adds over $190 billion of capital raised and $100 billion in secondary volumes and is projected to be accretive to 2027 earnings.
1. Acquisition Overview
Lazard has entered into a definitive agreement to acquire Campbell Lutyens for $575 million, with up to $85 million in additional earnout payments over a multi-year period, establishing Lazard CL as its third global business.
2. Combined Platform Metrics
The combined private capital advisory platform is expected to generate roughly $500 million in 2027 revenue, supported by over 280 professionals across 18 offices, a 60-person distribution team, $190 billion in capital raised, and $100 billion in secondary transaction volume over the past two years.
3. Leadership and Structure
Co-CEOs Holcombe Green and Gordon Bajnai will lead Lazard CL, integrating the new unit with Lazard's M&A and advisory practices to offer end-to-end private markets services across infrastructure, private credit, equity, and real estate.
4. Financial Impact and Timeline
The transaction is expected to be accretive to 2027 earnings and to close in calendar year 2026, subject to regulatory approvals, enhancing Lazard's strategic goal of increasing private capital advisory revenue under its Lazard 2030 vision.