Teneo Buys Deloitte’s U.K. Restructuring Services Ops; No Terms

Teneo announces that it has agreed to acquire the restructuring services business of Deloitte U.K., according to a statement.

• Teneo is a portfolio company of funds advised by CVC Capital Partners, “who are making an incremental equity investment as part of this transformational transaction”
• The restructuring services business of Deloitte U.K. comprises over 250 people including 27 partners, and as a result of the deal, Teneo’s total headcount will rise to more than 1,100 employees
• NOTE: On Feb. 15, Teneo in Talks to Buy Deloitte U.K. Restructuring Unit: Sky News

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