Reuters clients get insight into Lazard’s Australian private equity plans

Reuters reported exclusively on Sept 1 that Lazard Australia’s private equity arm was likely to sell two more of its businesses in the next few months and had plans to buy up some cheap assets in the services sector.

In a rare interview with the head of a buyout firm, Lazard also said it expected its cornerstone investor SunSuper to stump up for a new $400 million fund raising to take advantage of attractive deals. Lazard’s private equity chief said the firm made a threefold return on the sale of its first major asset, Dun & Bradstreet Australia.