Teneo Acquires Management Consulting Firm Credo
Teneo, the global CEO advisory firm, today announced that it has acquired Credo Business Consulting LLP, a leading management consulting firm with operations in London and Dubai.
Credo is a highly-respected management consulting firm focused on corporate strategy, transaction services, commercial and operating model transformation and performance improvement. With an outstanding reputation for depth of analysis and insight, Credo has helped many of the world's leading organizations and financial investors to make and implement better strategic decisions.
Credo brings a team of 60 world-class professionals, including six partners, to Teneo, and deep expertise across a growing number of sectors including: Business and Support Services; Engineering, Construction and Infrastructure; Health and Social Care; Telecoms, Media and Technology; Software and IT Services; and Transport Services and Infrastructure.
The transaction represents a major expansion of Teneo's Consulting business, which is led by Chairman Chris Wearing and President Alex Pigliucci. Our consulting business provides a full range of management consulting advisory services to many of the world's largest companies and has experienced significant growth in the past year working on a range of major projects.
All of Credo's current partners will remain with the business and will now be part of the extended Teneo leadership team.
"Today's acquisition will help further the expansion of Teneo's global management consulting capabilities in response to client demand," said Declan Kelly, Chairman and CEO of Teneo. "We are very pleased to welcome the Credo team to Teneo. They have a very strong reputation for delivering results for clients and will be a great addition as our business continues to grow."
Simon Bones, Managing Partner of Credo said: "This represents a tremendously exciting moment for our Firm, our clients and our staff. The combination of Teneo's and Credo's world-class strategic advisory capabilities will create a truly differentiated proposition for our clients and an excellent platform for growth. We are delighted to be joining forces with Teneo."
Teneo has now completed four acquisitions in 2017 and a total of nine transactions since the Firm was founded in 2011.
The Credo partners were advised by Clearwater International (corporate finance), DWF (legal) and Kingston Smith (financial and tax).