Lazard to acquire Campbell Lutyens for $575 million, part payable in common stock
Lazard, Inc. agreed to acquire all issued share capital of Campbell Lutyens Holdings Limited under a Sale and Purchase Agreement dated April 30, 2026, with total transaction consideration of $575 million. The company said part of the consideration will be paid in Lazard common stock, which will be issued in an unregistered sale, and that the deal is expected to be accretive to 2027 earnings and thereafter; closing is expected in the second half of 2026, subject to regulatory approvals.
Key points
- Total transaction consideration of $575 million: $460 million initial and $115 million deferred
- Up to $85 million additional consideration tied to defined performance criteria over a multi-year period
- Stock makes up part of the consideration, and a material portion of the stock is subject to a lock-up of up to 3 years
- Expected to close in the second half of 2026, subject to regulatory approvals and other customary closing conditions
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.