Lazard extends Australia corporate advisory reach

Tony O'Sullivan, founder and managing partner of O'Sullivan Partners, will become head of Lazard's Sydney investment banking team, reporting to John Wylie, Melbourne-based CEO of Lazard Australia. Meanwhile, Garren Cronin, a partner at O'Sullivan Partners, will become a managing director at Lazard.

Lazard has $141 billion under management across 27 countries. The advisory and asset management practitioner created its Australia presence in 2007 with the acquisition of Carnegie, Wylie & Co.

O'Sullivan Partners worked on KKR's purchase of a 50% stake in Seven Network for A$3.24 billion in 2006. The firm subsequently represented West Australian Newspapers in its A$4.1 billion buyout of the business last year, which saw KKR's holding fall to 12.6% from 45%.

O'Sullivan Partners also advised KKR on its acquisition of Brambles Industries' Australia and New Zealand waste management and industrial services business for A$1.83 billion in 2006 and the disposal of a portion of these assets to Transpacific Industries Group one year later.

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• Topics
• Advisory
• Australasia
• professional services
• Australia
• Lazard Australia Private Equity
• KKR
• M&A