Lazard has secured its relationship with Kingfisher, one of Europe's largest retailers, by advising on its latest investment in Hornbach-Baumarkt, Germany's leading home improvements warehouse retailer.

Kingfisher has taken control of 20% of Hornbach-Baumarkt, which operates 90 stores across five European countries. Kingfisher described the deal as a strategic move. Its last significant move into continental Europe was its 1998 takeover of Castorama, France's largest home improvement retailers, on which Lazard and Goldman advised.

Lazard takes Kingfisher further into continental Europe

James Rossiter

Hornbach Holding

Lazard

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