Title - They went from the top EB ~15 years ago (maybe along firms like BX Advisory and GHL) to a weak platform in the US. Exits are still fine given the historic prestige of the firm, but by all metrics firms like EVR or CVP are just crushing them
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Feb 12 — Recommended all-cash acquisition of Schroders by Nuveen ($13.4B) 
• Feb 11 — TreeHouse Foods + Investindustrial definitive acquisition agreement ($2.9B) 
• Feb 09 — Lilly to acquire Orna Therapeutics ($2.4B) 
• Feb 06 — Refresco to acquire SunOpta for $6.50/share cash ($1.1B) 
• Feb 03 — TenneT Holding sale of 25.1% stake in TenneT Germany to KfW (≈€3.3bn + additional commitments; Lazard lists $47.3B) 
• Feb 03 — Michelin to acquire Flexitallic (value undisclosed) 
January 2026
• Jan 30 — Safran agreement to sell Safran Passenger Innovations (value undisclosed) 
• Jan 30 — NRG Energy to acquire CPower from LS Power (value undisclosed) 
• Jan 30 — Servier + BC Partners exclusive negotiations for sale of Biogaran (value undisclosed) 
• Jan 29 — Netceed comprehensive recapitalization / ownership transfer to senior lenders (Lazard lists $2.5B) 
• Jan 27 — Auchan Retail supermarket transformation project (value undisclosed) 
• Jan 26 — Axillon Aerospace to sell fuel containment business to HEICO (value undisclosed) 
• Jan 26 — Oviva secures €200m financing (Lazard lists $234m) 
• Jan 22 — ESTYA (Charterhouse + Chequers-backed) acquires SIMIE (value undisclosed) 
• Jan 21 — NCC Group sale of Escode to TDR Capital (Lazard lists $368.7m) 
• Jan 21 — GPS Group €300m infrastructure refinancing (Lazard lists $348.9m) 
• Jan 21 — TowerBrook majority interest in MSA Mizar (Columna partnership) (value undisclosed) 
• Jan 20 — Knauf planned acquisition of majority stake in UMIC (Lazard lists $134.4m) 
• Jan 09 — Holcim conditional agreement re: sale of 52.07% in Holcim (Liban) (value undisclosed) 
• Jan 08 — SABIC sale of European petrochemicals business to AEQUITA ($500m) 
• Jan 08 — Spherea + Averna combination (value undisclosed) 
• Jan 07 — Constellation to acquire Calpine ($26.6B) 
• Jan 06 — Brown & Root Industrial Services to acquire Specialty Welding and Turnarounds (value undisclosed) 
• Jan 06 — AnywhereNow sale of IQ Messenger to Main Capital Partners (value undisclosed) 
• Jan 02 — Lotus Infrastructure Partners to acquire Caithness Long Island Energy Center from Caithness Energy (value undisclosed) 
• Jan 01 — Cognizant to acquire 3Cloud (value undisclosed) 
• Jan 01 — Brown Brothers Harriman + AMG strategic collaboration (value undisclosed) 
• Jan 01 — Crédit Coopératif MOU with Orange re: possible acquisition of fintech Anytime (value undisclosed)
Thanks bro, half of these are undisclosed amount or MM deals or non-US deals... In the US Lazard simply doesn't have the same cachet anymore as an Evercore, Centerview or PJT. They are a decent firm, nothing more
Recommended all-cash acquisition of Schroders by Nuveen (Principal Shareholder Group Trustee Companies)
List above is US-based client for 2025/2026. Evercore is a BB now with a bunch of MM deals, PJT sure it's fast growing, but it's a complete stepdown from its predecessor BX M&A, which was legitimately the top EB with the most dominant run and exits of any advisory practice ever, and idk enough about centerview.
Most of PJT MFPE placement is RSSG fyi
Congrats on Lizard!
the amount of insecure LAZ shills here is something else lol - guys relax, LAZ is an ok shop but it isn't a top EB anymore, that's it
Nothing new here. They have been trending down over the last 5-7 years, especially under the new leadership. Still a decent EB but its trajectory is clearly opposite to eg Evercore, thus has been crushing it and growing at the same time
not sure EVR is the right example. PJT is definitely the best choice of a quickly growing EB
Yeah Lazard sucks!!! Moelis rules!!!
Lazard sucks in the US lmao, beneath PJT, EVR, CVP and even MOE
Agreed. Current Investment Banking Apprentice at a Chattanooga, TN-based tech services M&A boutique, and firmly believe we are above Lazard in the U.S. at this time (maybe not globally)
LAZ has deteriorated over the last ~5 years, that is not secret (except for LAZ folks who think for some reason that it's better than EVR or CVP)
LAZ shills didn't like your comment lol
holy get back to your job at stifel lil bro. ur opinion means nothing to anybody
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