September 2025 – Internship

Paris

Financial Advisory

Off-cycle Internship

Background :

LAZARD, independent world leader in Mergers & Acquisitions Advisory (M&A), works on every kind of transactions for prestigious clients in France and all over the world.

The Financial Advisory group offers a complete range of services including among others:

• Mergers and Acquisitions;
• Asset disposals;
• Restructuring;
• Strategic partnerships;
• General financial advisory.

Job description :

We are looking for an intern with a previous experience in Mergers and Acquisitions (M&A), for our EMEA team specialized in Telecom, Media & Entertainment.

The Telecom, Media & Entertainment team benefits from an unparalleled track-record in its industry and works on M&A deals across the whole EMEA region and beyond, based in Paris.

You will join a team of c.10 bankers having worked together on more than 60 transactions over the last 3 years including landmark deals such as:

• The sale of Iliad’s tower assets in France and Italy to Cellnex (€2.6bn EV)
• The spin-off of Altice USA ($40bn EV)
• The acquisition of Irish incumbent Eir by Xavier Niel’s holding ($4.1bn EV)
• The sale of a minority stake in Altice Europe’s Portuguese unit MEO to Morgan Stanley Infrastructure Partners (€4.6bn EV)
• Advised TIM in the creation of FiberCop, the leading passive fiber wholesaler in Italy (€7.7bn EV)
• Advised Altice Europe on its take-private by Next Alt, a holding company controlled by Mr. Patrick Drahi (€38.2bn EV)
• Advised Iliad on the acquisition of Play in Poland and the concomitant sale of Play tower assets to Cellnex
• Advised Vodafone on its Joint Venture agreement with Altice to create OXG, an urban-focused cable to fiber wholesale operator in Germany (€9.4bn Project Financing)
• The sale of Altice’s French Towers (Hivory) to Cellnex ($5.2bn EV)
• The acquisition of Sykes, a US customer experience management services company, by Sitel ($2.2bn)
• Advised Atlas Investissement (Iliad) on its acquisition of stake in Millicom in Central and South America
• The sale of Altice Media (inc. BFMTV and RMC notably) (€1.6bn)
• Advised Orange on its merger with Masmovil in Spain (€18.6bn combined EV)
• Advised Freya Investissement (Iliad / NJJ Holding) on its acquisition of a 19.8% stake in Tele2 in Sweden (€1.2bn transaction)

The team ranks first in terms of volume of transactions in its industry and is led by telecom rain-maker Vincent Le Stradic. It serves clients globally and benefits from a strong exposure in the most important transactions in the sector – it is widely recognized for its expertise in Telecom Media & Entertainment and the quality of its M&A advisory.

Responsibilities will include:

• Perform detailed sector and company research
• Prepare presentation and business cases on specific situation
• Conduct strategic and financial analysis
• Assist the team in company valuations and financial modeling

Profile:

• Strong academic background from a top class degree(s) in finance from a leading university/school;
• Required experience in investment banking;
• Hard skills: Strong analytical and modelling skills, strong investment banking skills (process management notably);
• Soft skills: Excellent communication and teamwork skills, autonomy, customer-focused;
• Fluent in English.

This position is available for September 2025, for a period of 6 months and is based in Paris.

Inclusion at Lazard:

Lazard is an intellectual capital business focused on delivering the best advice and solutions to clients. Achieving these objectives requires us to identify, develop and retain the best talent. A workforce comprised of people with varied backgrounds and experiences creates a rich diversity of thought that empowers us to challenge conventional wisdom, as diverse perspectives lead to better decisions.

Our appreciation of diversity’s strength is ingrained in our multi-cultural heritage. As a global firm that has grown organically from local roots in different countries, we have a deep tradition of respect for individual differences, which has been core to our success for several decades.

#

#LI-SA1

LI-SA1