Llorente & Cuenca, S.A. acquired 70% stake in Lambert & Co. for $18.2 million.
February 18, 2024
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Llorente & Cuenca, S.A. (BME:LLYC) acquired 70% stake in Lambert & Co. for $18.2 million on February 19, 2024. Under the terms of the agreement, LLYC is acquiring an initial 70 percent stake in the company for a price based on EBITDA performance in the next two years. There has been a payment of $18.2 million of the final price in advance. All Lambert partners will join LLYC, including Chairman and Chief Executive Officer Jeff Lambert. Jeff Lambert will join LLYC's Global Executive Committee, while Mike Houston and Jeff Lambert will both join the U.S. Executive Committee. LLYC. Antonio Peña, Henry R. Roque, Charles J. Abrams, L. Frank Cordero, Kelly Dobbs Bunting, August Huelle, Arnaldo C. Rego, Jr., and Manuel R. Valcarcel IV of Greenberg Traurig, P.A. acted as legal advisors to LLYC and Lambert was advised by the Warner Norcross + Judd LLP team led by Michael Jones.
Llorente & Cuenca, S.A. (BME:LLYC) completed the acquisition of 70% stake in Lambert & Co. on February 19, 2024.
Llorente & Cuenca SA is a Spain-based global communication and public affairs consulting public company. The Company helps its clients to proactively make strategic decisions, with the necessary creativity and experience, and their execution, minimizing risks, taking advantage of opportunities and always considering the reputational impact. The Company helps its clients achieve their short-term business goals and set a path, with a long-term vision, to defend their social license to operate and increase their reputation. The Company has 16 offices in Argentina, Brazil, Colombia, Chile, Ecuador, Spain, the United States (Miami, New York and Washington, DC), Mexico, Panama , Peru, Portugal and the Dominican Republic.
LLORENTE & CUENCA, S.A. 
