Lazard Australia acquires O'Sullivan advisory firm
MELBOURNE (Reuters) - Investment bank and asset management firm Lazard Australia said it has acquired Sydney-based independent advisory firm O'Sullivan Partners to boost its investment banking business.
Lazard Australia, a unit of Lazard Ltd (LAZ.N), said the managing partner of O'Sullivan, Tony O'Sullivan, will become head of investment banking for Lazard in Sydney.
"Lazard's Australian business has good momentum and our Sydney office will become even stronger with the addition of the O'Sullivan Partners team," said Lazard Australia chief executive John Wylie said in a statement on Tuesday
Financial terms were not disclosed.
O'Sullivan said his firm had advised on mergers, debt and equity capital market transactions worth A$15 billion over seven years.
Wylie said Lazard has recently advised BHP Billiton (BHP.AX) on the disposal of its Yeelirrie deposit to Cameco, St Barbara Ltd (SBM.AX) on its acquisition of Allied Gold, Mirvac Group (MGR.AX) on the sale of its hotels business, and Gloucester Coal on its merger with majority Chinese-owned Yancoal (YAL.AX).
NEW YORK - The Nasdaq rose modestly in a choppy session on Thursday, lifted by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine held the broader market in check. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.