CRO and Interim Management
Senior-led dedicated executive support to deliver mission-critical workstreams and address key business challenges.
Whether you're seeking to navigate a crisis, in preparation for a refinancing or M&A process, or completing a large or complex turnaround programme, our experienced CRO and Interim Management team can support. you.
We bring experienced and steady hands, providing counsel, coaching and mentoring to the Boardroom.
We are skilled in executing at pace and working with imperfect data to deliver in compressed timelines.
Our team draws on a full suite of supporting expertise including revenue and margin enhancement, consulting, strategy and communications, tax, real estate, pensions, contingency planning, M&A and equity capital markets.
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How We Support You
- Rapid initial diagnostic of situation and root causes of underperformance.
- Commercial finance support to deliver course correction workstreams and cost reduction.
- Hands-on liquidity management support.
- Stabilization and crisis management through intelligent project management.
- Developing business transformation and turnaround plans.
- Managing complex stakeholder groups.
- Preparing for a refinancing or transaction.
- Delivering a financial restructuring to provide a stable platform for the future.
- Implementing a turnaround plan to support recovery and growth.
- Identify permanent executive team solutions via our Talent Advisory business.
Global manufacturer of high-performance alloy components
Hands-on senior commercial finance support to assist in the delivery of multiple strategic initiatives, including development of business and turnaround plans, execution of M&A strategy, debt raising, and supporting the CRO in the delivery of a financial restructuring.
South African listed company
Appointed as Restructuring leader, led on developing a turnaround plan, key stakeholder negotiations, deep-dive commercial analysis and operational interventions of underperforming divisions. Supported various transactions including a divestiture programme for non-core businesses, raising new capital via a rights issue and a partial deleveraging programme.
FTSE listed company
Acted as an extension of the client’s Group Finance team. Identified and delivered over £250m of liquidity and working capital improvement initiatives, a £700m rescue rights issue following three profit warnings in two years and hands-on transformation plan support following plan implementation being severely impacted by Covid-19.
PE-backed Insurance Intermediary
Hands-on support to an underperforming PE backed insurance broker facing acute cash flow issues. Successfully delivered and implemented a turnaround and recapitalisation of the business with the transfer of ownership to a new private equity owner, delivering £50m of run rate savings post-deal.
Independent insurance distribution platform
Supported the business through a complex series of transactions, each with their own independent timetables that had to be aligned under a tight PE deadline, including combining five separate insurance assets into a single group and raising £800m+ of debt.
Private Dubai based bank
Appointed by the Dubai Financial Services Authority to stabilise a bank’s position, assess strategic options and run an accelerated M&A process. We ultimately used the liquidation appointment to wind up the operations of the bank and seek to realise assets to repay client claims.
Appointed as CRO to an African bank for a 2-year period. Delivered an award winning restructuring and relaunch of a systemically important retail bank in South Africa. Led negotiations with SA Treasury, Reserve Bank and SA banks on ZAR 10bn rescue equity funding, structuring and delivery of a complex restructuring of ZAR 60bn of bond debt and legal separation of “good” and “bad” banks to achieve rescue.
Seconded to lead the recovery of value from the non-core lending assets of the bank to boost bank regulatory capital. Led an internal banking team to restructure and exit property and infrastructure assets totaling £16bn across bi-lateral and syndicated loan structures.
Numerous Board level roles to drive strategy and commercial negotiations in regulated environments, including to enhance organic revenue and through delivery of M&A activities.
Details of the entity providing services, legal and regulatory information in respect of the Teneo entity are also included in our engagement letters.
Teneo Financial Advisory (DIFC) Limited is authorised and regulated by the Dubai Financial Services Authority for the provision of Advising on Financial Products or Credit and Arranging Credit or Deals in Investment services
Specific information relating to our regulated entities which provide services to clients is detailed below:
|Registered Name||Legal Form||Registration Location and Reference||Registered Office||Data Protection||Regulator(s)||Professional Indemnity Insurance|
|Teneo Financial Advisory Limited||Limited Company||England & Wales, 13192958||5th Floor, 6 More London Place, London, SE1 2DA||UK - ZA920639||The Institute of Chartered Accountants in England and Wales (“ICAEW”) C008873136. All insolvency practitioners are licenced by the ICAEW. ICAEW Designated Professional Body licence for a range of investment business activities.||Details of the professional indemnity insurer can be provided on request.|
|Teneo Securities LLC||Limited Liability Company||USA - Delaware||280 Park Avenue, 4th Floor, New York, NY 10017||N/A||Financial Industry Regulatory Authority (FINRA) #151256. Securities and Exchange Commission (SEC).||Details of the professional indemnity insurer can be provided on request.|
Teneo Securities LLC’s Business Continuity Planning
Teneo Securities LLC has developed a Business Continuity Plan (“BCP”) on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our BCP.
The Firm has developed and installed a BCP in the case of any business disruption that causes the Firm to have limited or no communications with its employees or customers. Our plan anticipates two types of business disruptions, internal disruptions which affect only our Firm’s ability to do business (such as a fire in our building) and external disruptions that prevent the operation of securities markets or other firms (such as natural disasters or acts of war).
The Firm intends to stay in business during both internal and external disruptions due to the fact that the Firm employees can conduct Firm related business from alternate off-site physical locations and the Firm maintains an alternate location for the maintenance of its books and records. We anticipate that the Firm will recover from internal business disruptions within 24-48 hours. An outage due to an external business disruption may be longer and is beyond the control of the Firm. However, the Firm will endeavor to resume business as soon as it is possible for the Firm to establish business operations from alternate off-site physical locations.
The Firm’s BCP specifically addresses the following areas related to Firm operations:
- Data back-up and recovery (hard copy and electronic);
- All mission critical systems;
- Procedures to test and determine the Firm’s ability to do business (i.e., financial and operational assessments);
- Alternate communications between customers and the Firm;
- Alternate communications between the Firm and its employees;
- Alternate physical location of employees;
- Critical business constituent, bank, and counter-party impact;
- Regulatory reporting; and
- Communications with regulators.
If you have questions about our business continuity planning, you can contact us (212) 886-1600.