Lazard acquires Collective Energy GmbH

Lazard acquired Collective Energy GmbH, a transaction announced in May 2024, structured as Acquisition of 100% ownership of Collective Energy GmbH by the Lazard Sustainable Private Infrastructure strategy via a binding agreement..

Collective Energy GmbH operates in Asset and Wealth Management (Lazard Asset Management — Sustainable Private Infrastructure strategy), is based in Austria. Collective Energy GmbH is an Austrian company that provides advisory services and solar generation solutions to commercial customers, specializing in owning and operating rooftop solar PV systems and consulting to communities and commercial clients. Lazard Asset Management's Sustainable Private Infrastructure (Lazard SPI) strategy executed a binding agreement to acquire 100% ownership of the company.

Further growth and diversification of the Lazard SPI strategy in Europe, building on the team's experience establishing and growing renewable energy platforms and targeting forecast growth in behind-the-meter energy generation in Austria.

Advisory firms were not disclosed for this transaction.

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