Teneo, the global CEO advisory firm, today announced a major expansion of its fast-growing global business with an agreement to acquire PwC’s Australian Business Restructuring Services unit.
The transaction further extends Teneo’s market-leading presence across Asia-Pacific, providing its Financial Advisory business with a strong foothold in the Australian market. The team will offer a wide range of financial advisory services in the region, including deep expertise in local and international restructuring and insolvency situations.
Through the transaction, approximately 80 members of PwC’s Australian Business Restructuring Services team will join Teneo, including Stephen Longley who has led the team for the last four years and will…