Herbert Smith Freehills Kramer (HSF Kramer) and Sullivan & Cromwell (S&C) advise on Lazard’s acquisition of Campbell Lutyens.

Lazard has agreed to acquire Campbell Lutyens for US$575 million, with up to a further US$85 million payable subject to achievement of defined performance criteria.

Campbell Lutyens is a global private markets advisor focused on fund placement, secondary advisory and GP capital advisory services. Following completion, Lazard’s private capital advisory business and Campbell Lutyens will combine to form “Lazard CL”, a global private capital advisory platform with more than 280 advisory professionals across 18 offices worldwide.

The transaction is expected to complete later this year, subject to regulatory approvals.

Herbert Smith Freehills Kramer advised Campbell Lutyens.

The team was led by Partner Greg Mulley and Partner Alex Kay; with support from Partner Sophie Thompson, Senior Associate Kurt Fisher, Associates Georgie Crawford, Adam Evans and Alexander Sergunin, and Solicitor Benjamin Funnell.

Sullivan & Cromwell LLP advised Lazard.

The corporate team included Ben Perry, Keith Pagnani, Rob Kearns, Natasha Rarity, Tarek Moghabghab and Yeonjoo Ban.

The antitrust team was led by Juan Rodriguez; the financial regulation team by Barney Reynolds and Azad Ali; the securities team by Cathy Clarkin; the tax team by Ian Ferreira, Tessa Lee and Davis Wang; and the executive compensation team by Heather Coleman.