Profile: Lazard Ltd (LAZ.N)
17 Jul 2019
Lazard Ltd (Lazard), incorporated on October 25, 2004, is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. The Company serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. The Company operates through North America, Europe, Asia, Australia, the Middle East, and Central and South America.
The Company's Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters to corporate, partnership, institutional, government, sovereign and individual clients. Lazard advises clients on a range of strategic and financial issues. When the Company advises clients on the acquisition of another company, business or certain assets, its services include evaluating potential acquisition targets, providing valuation analyses, evaluating and proposing financial and strategic alternatives and rendering, if appropriate, fairness opinions. When Lazard advises clients that are contemplating the sale of certain businesses, assets or an entire company, its services include advising on the sales process for the situation, providing valuation analyses, assisting in preparing an offering circular or other appropriate sales materials and rendering, if appropriate, fairness opinions. The Company also advises its clients regarding financial and strategic alternatives to a sale, including recapitalizations, spin-offs, carve-outs and split-offs.
When the Company assists clients in connection with their capital structure, it reviews and analyzes structural alternatives, assists in long-term capital planning, and advice and assist with respect to rating agency discussions and relationships, among other things. When the Company assists clients in raising private or public market financing, its services include originating and executing private placements of equity, debt and related securities, assisting clients in connection with securing, refinancing or restructuring bank loans or other debt, including convertible securities, originating and executing, or participating in public underwritings and private placements of equity, debt and convertible securities and originating and executing private placements of partnership and similar interests in alternative investment funds, such as leveraged buyout, mezzanine or real estate focused funds.
The Company's Asset Management business provides investment solutions and investment management services in equity and fixed income strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients. Many of its equity investment strategies share an investment philosophy that centers on fundamental security selection with a focus on analyzing, among other things, a company's financial position, outlook, opportunities and risks, together with its valuation. The Asset Management business maintains offices in New York, Bordeaux, Boston, Brussels, Chicago, Dubai, Dublin, Frankfurt, Hamburg, Hong Kong, London, Lyon, Milan, Montreal, Nantes, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo, Toronto and Zurich.
The Company competes with Bank of America Merrill Lynch, Barclays, Centerview Partners, Citigroup, Credit Suisse, Deutsche Bank, Evercore Partners, Goldman Sachs, Greenhill, JPMorgan Chase, Morgan Stanley, Rothschild, UBS, Houlihan Lokey, PJT Partners, Moelis & Company, Rothschild, Aberdeen, Alliance Bernstein, Capital Management & Research, Fidelity, Franklin Templeton, Invesco, Lord Abbett, MFS, Neuberger Berman and Schroders.
2 Church Street
HAMILTON HM 11