Allende & Brea in Buenos Aires, Carey in Santiago, Brigard & Urrutia Abogados in Bogotá, Patton, Moreno & Asvat in Panama City, Rodrigo, Elías & Medrano Abogados in Lima and CMS in Madrid have helped global asset manager Lazard buy the remaining 50% it did not already own in its Latin American financial advisory business, MBA Lazard.
MBA Lazard's selling shareholders hired Marval, O'Farrell & Mairal in Argentina. They are not believed to have hired external counsel in other jurisdictions.

MBA Lazard is Lazard's financial advisory arm for Latin America outside Brazil and Mexico. The value of the acquisition, which closed on 21 October, was not disclosed.

The company was established in Buenos Aires in 1981 as an independent advisory boutique. Initially called MBA, it formed an alliance with Lazard in 2004. Lazard bought a 50% stake in the business in 2008, when it was renamed MBA Lazard.

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