Wednesday, January 9, 2008

Lazard sees more oil, alternative energy deals (LAZ; TXU; FSLR; FCEL; CNQ.TO; GZFCF.PK

I've always had a lot of respect for Lazard. Of course, I used to say the same thing about Barings*.
Just kidding Mr. Wasserstein.

From Reuters:

Investment bank Lazard Ltd (LAZ.N: Quote, Profile, Research) expects to see more deals among oil and alternative energy companies, fueled by soaring demand and the need to replace shrinking natural resources.

Lazard said on Monday it added John Rutherford, a veteran energy banker from Simmons & Co to run its energy M&A practice in North America. Rutherford joins Bruce Bilger, a Vinson & Elkins LLP attorney, who was hired in November to become chairman and head of global energy investment banking.

Lazard recently launched its alternative energy initiative, bringing bankers from a number of different sectors together as "a virtual group." These moves are part of a broader expansion of its energy banking team to capture an expected increase in M&A and capital raising....MORE

*Here's a post on Barings: