World's best independent investment bank 2018: Lazard
Ken Jacobs’ firm is applying quantitative tools to the art of advisory.
Awards for Excellence 2018
Lazard sets the standard to which all those more recently established independent investment banks seeking to break out of the ranks of boutiques and build truly global firms – like Evercore and Moelis & Co – aspire.
Highlights of the last 12 months for Lazard include advising clients on four of the 10 largest completed global M&A transactions, including the two largest of the year, in deals spanning the four marquee sectors for M&A: consumer and retail, healthcare, industrials and technology, media and telecommunications (TMT).
Lazard advised Dow Chemical on its $130 billion merger of equals with DuPont; it advised Reynolds American on the $49 billion acquisition by BAT of the remaining 57.8% of Reynolds; Level 3 Communications on its $34 billion sale to CenturyLink; and Johnson & Johnson on its $30 billion acquisition of Actelion and related spin-out of Idorsia, a research and development company.
Lazard, which won world’s best bank for public-sector clients in 2017’s Awards for Excellence, expanded its sovereigns, supranationals and agencies advisory presence in the Middle East and eastern Europe.