Lazard Middle Market · Minneapolis, MN United States
Company Description
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This link will open in a new window How's Lazard Middle Market doing? Fair to middling, it seems. The investment bank focuses on mid-sized companies in the US and abroad, providing mergers & acquisitions support, private placements, distressed advisory and restructurings, and other financial advisory services. The company's industry areas of expertise include business services, retail, natural resources, health care, and media. Lazard Middle Market has offices in California, Illinois, New York, North Carolina, and Minnesota. Founded in 1978 as Goldsmith Agio Helms, the firm was acquired by international financial group Lazard in 2007. To read the full description, subscribe now.
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Key Lazard Middle Market Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| 2007 Employees | 100 |
Lazard Middle Market Executives
40 executives listed for Lazard Middle Market's Minneapolis, MN location.
| Title | Name & Bio | Contact |
| Chairman | Jack Helms | Network |
| Co-CEO | Michael McFadden | Network |
| Co-CEO | David Solomon | Network |
Competition
Competitive Landscape for Lazard Middle Market
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Lazard Middle Market Competitors
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