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Teneo M&A Drive Scales Global Advisory Platform

Private Equity Insights •
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Teneo is making its first major acquisition push since securing funding from LGT Capital Partners last year. The global advisory firm has struck deals to buy two international businesses: Clarity Partners, a 30-person Nordic boutique, and PricewaterhouseCoopers’ restructuring unit in New Zealand. The Clarity purchase brings a team of former Boston Consulting Group and Bain consultants focused on mid-cap M&A.

It also prompts Teneo’s first office in Copenhagen. The New Zealand deal, expected to close by month’s end, follows last summer’s acquisition of a PwC restructuring unit in Australia and will open offices in Auckland, Wellington, and Christchurch. Both management teams will stay on.

Teneo, which generated about $750 million in revenue last year, aims to hit $1 billion within two years. The firm, valued at $2.3 billion after the LGT investment, is owned by CVC Capital Partners. With more than half its revenue already from cross-selling, these acquisitions are a clear play to deepen global reach and hit ambitious growth targets.