Lazard Growth Acquisition Corp. I
LGACU
NASDAQ Capital Market10.18
USD
- -
- -
CIK
0001836337
ISIN
KYG540351296
CUSIP
G54035129
Return %
Stock
S&P500
1Y
3.40
26.84
3Y
-2.30
77.03
5Y
-2.30
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Alexander Franz Stern
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 30 Rockefeller Plaza New York City NY United States of America 10112
- IPO Date
- Feb 10, 2021
- CIK
- 0001836337
- Website
- lazardltd.gcs-web.com
- Similar Companies
- Business
- Lazard Growth Acquisition Corp. I is a blank check company incorporated in the Cayman Islands, formed primarily to effect mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses. The company targets growth-oriented subsectors within the healthcare, technology, energy transition, financial, and consumer sectors, without limiting its acquisition scope to specific industries or geographic regions. Lazard Growth Acquisition Corp. I offers units consisting of Class A ordinary shares and redeemable warrants, facilitating capital raising through its initial public offering in 2021 on the Nasdaq under the ticker LGACU. The company operates under the Lazard Group brand, headquartered in New York, New York, and leverages Lazard's extensive expertise in financial advisory and investment management. As a special purpose acquisition company (SPAC), Lazard Growth Acquisition Corp. I does not have significant ongoing operations but is focused on identifying and completing business combinations with promising entities in targeted sectors. It utilizes Lazard’s global financial advisory capabilities to execute its strategy effectively. Recent strategic emphasis within the broader Lazard group includes reinforcing growth through mergers and acquisitions, enhanced connectivity to private capital markets, geographic diversification especially across Europe and the U.S., and technology integration with a focus on AI-driven advisory and investment solutions. Additionally, Lazard continues to expand its team and expertise in sectors including consumer retail, healthcare, and private capital, facilitating growth in revenue and shareholder returns. Key recent developments involve ongoing efforts to complete a business combination, with Lazard Growth Acquisition Corp. I maintaining its role as a vehicle for Lazard to pursue investments in high-growth markets and sectors. The parent company, Lazard Ltd., is actively executing its 2030 growth strategy aimed at doubling revenue and increasing shareholder returns by expanding product offerings and enhancing client service through AI and private market exposure. This indicates potential growth opportunities for the SPAC in identifying attractive business combination targets aligned with these sectors and strategic priorities. The company exemplifies typical SPAC functions, including capital raising through units and maintaining flexibility for merger or acquisition activities in dynamic market segments. Thus, Lazard Growth Acquisition Corp. I functions as a financial investment vehicle backed by Lazard’s resources and expertise, aiming at growth through strategic acquisitions primarily in technology, healthcare, energy transition, financial services, and consumer sectors, headquartered in New York since its founding in 2020, with latest activities reflecting ongoing pursuit of business combination targets consistent with Lazard’s broader strategic growth direction.