Leading global law firm Herbert Smith Freehills Kramer has advised Campbell Lutyens on its acquisition by Lazard, Inc. for $575 million, with up to a further $85 million payable dependant on achieving defined performance criteria. Completion is expected to occur later this year, subject to regulatory approvals.
Campbell Lutyens is a premier global private markets advisor focused on fund placement, secondary advisory, and GP capital advisory services. In combination with Lazard's preeminent M&A, capital markets advisory, and restructuring and liability management teams, the combined business, to be known as Lazard CL, will create a leading global private capital advisory platform.
The Herbert Smith Freehills Kramer team was led by Corporate M&A partners Greg Mulley and Alex Kay, supported by partner Sophie Thompson, associates Georgie Crawford, Adam Evans and Alexander Sergunin, solicitor Benjamin Funnell, and senior associate Kurt Fisher.
The firm provided full service advice, with the wider team including Mark Ife and Alexandra Bunge (Incentives), Tim Leaver and Adam Morris (Employment), Tom O'Neill and Daniel Zimmerman (US Securities), Veronica Roberts, Ali MacGregor and Brigitte Samaha (Competition), Marina Reason, Chris Hurn and Evelynn Law (Financial Services Regulatory), Casey Dalton, Perminder Gainda and Maite Aguirre-Quiñonero (Tax) and Andrew Cooke (Disputes).
The team worked closely with Andrew Sealey (Chairman), Gordon Bajnai (CEO), Marc Dumbell (CFO) and Elliot Stevens (General Counsel) at Campbell Lutyens.
Partner Greg Mulley commented: "We are very pleased and feel privileged to have supported Campbell Lutyens on what is its major milestone transaction in the firm's 38 years."
Partner Alex Kay further commented: "We are delighted to have worked with the Campbell Lutyens team on their sale to Lazard, Inc. This strategic transaction builds upon our recent experience of advising on financial services advisory transactions, and underscores our deep knowledge and strength and expertise of executing transactions in this sector."
The firm recently advised MASECO, a wealth advisor focused on helping clients with links to the US, on its sale to Creative Planning and Pension Insurance Corporation (PIC) on its acquisition by Athora, a leading European savings and retirement services business.