Lazard, Inc. acquired 25% stake in Elaia Partners.
April 17, 2024
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Lazard, Inc. (NYSE:LAZ) acquired 25% stake in Elaia Partners on April 18, 2024. As part of this acquisition, Lazard has acquired a minority stake in Elaia Partners. The agreement provides the option for Lazard to purchase up to 100% ownership over time with subject to regulatory approval.
Lazard, Inc. (NYSE:LAZ) acquired 25% stake in Elaia Partners on April 18, 2024.
Lazard, Inc. is a financial advisory and asset management company. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe an array of financial advisory services regarding strategic and mergers and acquisitions (M&A) advisory, capital markets advisory, shareholder advisory, restructuring and capital solutions, sovereign advisory, geopolitical advisory, and other strategic advisory matters and capital raising and placement. The Asset Management segment offers a range of global investment solutions and investment and wealth management services in equity and fixed income strategies, asset allocation strategies, alternative investments and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries and private clients. The Company operates in North and South America, Europe, Asia and Australia.