Lazard Limited, included in October 2004 of the year, is an international financial advisory and asset management company, who in the development of specialized solutions for the financial and strategic tasks of clients. For the year, ended 31 December 2008 years the company has served a circle of customers around the world, включая корпорации, партнерства, учреждения, governments and high net worth individuals. The company operates in two business segments: Financial consulting and asset management. 13 august 2007 the company completed the acquisition of Goldsmith, Agio, Helms and Lynner, LLC (GAHL). 31 July 2007 the company completed the acquisition of Carnegie, Wiley and the company (Holdings) Pty Limited (KHO). As of 31 January 2008 of the year, the company completed the acquisition 50% share in the merchant bankers Asociados (MBA).
Financial advice
The company offers corporate, Partnership, институциональных, to government and private clients around the world a range of financial advisory services for mergers and acquisitions (M & A) and strategic issues, advisory, restructuring and capital structure advisory services on raising capital and various other corporate finance issues. IN 2008 financial advisory segment accounts for approximately 66% of the total amount of income for the company. Companies advise clients on a wide range of strategic and financial issues. He can recommend in regards to timing, Structure, financing and pricing for the proposed acquisition and assist in negotiating and completing the acquisition. The company can help with the acquisition, acting as dealer-manager in structured transactions as a tender or exchange offer.
When a company advises clients, who are planning to sell some businesses, assets or their entire company, services include advice on the proper sales process behind the situation, assessment of problems, assisting in the preparation of a prospectus or other relevant sales and distribution materials, в случае необходимости, opinions justice. The company will also identify and contact the selected qualified acquirors and provide assistance in negotiations and conclusion on the proposed sale. He also advises clients on financial and strategic selling alternatives., including capitalization, spin-off, withdrawals, split-off and inventory tracking. Advice includes guidelines for structure, the timing and prices of these alternatives.
For companies in financial difficulties, of the company's services includes a review and analysis of the business, operations, properties, financial condition and development prospects of the company, debt potential assessment, assistance in determining the optimal capital structure and assessing and recommending financial and strategic alternatives, including providing advice on dividend policy. It can also provide financial advice and design assistance and seek approval for a restructuring or reorganization plan, which may include a reorganization plan in accordance with chapter 11 Bankruptcy Code or other similar court administrative proceedings in non-US jurisdictions.
When companies assist clients in attracting private or public funding market, services include the initiation and execution of private placements of shares in the share capital, lending and related securities, helping clients with collateral, refinancing or restructuring of bank loans, ongoing public underwritings justice, debt and convertible securities and the initiation and execution of private placements of partnerships and similar interests in alternative investment funds, such as redemption of shares of borrowed funds, mezzanine or real estate, oriented funds. Besides, Lazard can advise on capital structure and assist in long-term capital planning and rating agency communications.
Asset Management
Business Asset Management provides investment management and advisory services to institutional clients, financial intermediaries, private clients and investment instruments all over the world. IN 2008 year total assets under management (АУМ) made up $ 91 billion, of which about 77% were invested in shares, 14% in fixed income, 3% in alternative investments, 4% in cash and 2% in private investment funds. IN 2008 G. about 39% from AUM have been invested in international investment strategies, 41% have been invested in global investment strategies, and 20% have been invested in United States investment strategies. IN 2008 year, about, 85% “Aum was managed on behalf of institutional clients, в том числе корпорации, unions, state pension funds, insurance companies and banks, and through sub-consultative relationships, mutual fund sponsors, brokers-dealers and registered advisors , и приблизительно 15% from AUM was managed on behalf of individual customer relationships, which are mainly seven-branch and high-net-worth individuals.
The company distributes products through a number of distribution channels on a global basis. Besides, insurance company asset management company, savings banks and trust, donations, foundations and charities.
The company competes with Citigroup, Swiss credit, Deutsche Bank AG, Goldman, Sachs & Co., JPMorgan Chase, Mediobanca, Morgan Stanley, Rothschild, UBS, The Blackstone Group, Evercore Partners and Greenhill & Co., Bernstein Alliance, AMVESCAP, Брандес Investment Partners, Capital Management & Research, Lord Abbett and Schroders.
