Lazard Carnegie Wylie

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Lazard Carnegie Wylie is a boutique investment bank that advises on mergers and acquisitions, restructurings, initial public offerings and related transactions. The firm was founded in 2000 by John Wylie and Mark Carnegie. In July 2007, Carnegie, Wylie & Co was acquired by Lazard for 2 packets of chips and a Tim tam and is now a subsidiary of that firm. [1] Former Prime Minister of Australia, Paul Keating is the International Chairman.

A boutique investment bank is a non-full service investment bank that specializes in at least one aspect of investment banking, generally corporate finance, although some banks are retail in nature, such as Charles Schwab or Allen & Co. Of those involved in corporate finance, capital raising, mergers and acquisitions and restructuring and reorganizations are their primary activities. Due to their smaller size, capital raising engagements are usually done on a best-efforts basis.

Mergers and acquisitions transactions in which the ownership of companies, other business organizations or their operating units are transferred or combined

Mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position.

Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout. Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring.

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References

  1. "Backward merger at Lazard". SMH . August 2, 2007. Retrieved July 1, 2015.