Lazard has switched sides to win its first mandate from Montagu Private Equity, the UK-based buy-out firm, which has just paid €1.03bn ($1.23bn) for BSN Medical.

BSN Medical is a 50-50 joint-venture between German personal hygiene group Beiersdorf and US medical equipment manufacturer Smith & Nephew.

Nathalie Boschat

Smith & Nephew

Morgan Stanley

Lazard

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