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Teneo Announces Partnership With CVC

Investment will further expand and develop Teneo’s position as the world’s leading CEO advisory firm.

  • Company will continue to extend current global footprint of 19 offices and more than 800 employees through increased investment in organic growth and additional acquisitions.
  • BC Partners to exit position in Teneo after very successful four-and-a-half-year partnership.

Teneo, the global CEO advisory firm, today announced it has reached an agreement with funds advised by CVC Capital Partners (“CVC”), a leading global private equity and investment advisory firm, to make an investment in the company.

The transaction, which is subject to regulatory approval and other customary closing conditions, will result in CVC Fund VII becoming the new private equity partner to Teneo, replacing BC Partners, which became an investor in the company in 2015. The terms of the new investment are not being disclosed.

Since the investment from BC Partners four-and-a-half-years ago, Teneo has more than tripled its global headcount to over 800 people and has also completed 9 acquisitions, increasing its global presence to 19 offices in 12 countries.

The investment by CVC Fund VII will provide significant opportunity for the continued growth of Teneo’s operations through organic investment and acquisition focused across its four operating segments: Strategy & Communications; Management Consulting; Risk Advisory; and Capital Advisory.

“We are very pleased to welcome CVC as our new private equity partner,” said Declan Kelly, Chairman and CEO of Teneo. “The new partnership will enable us to further expand our operations around the globe to best serve the growing needs of our clients. I also want to thank the great team at BC Partners for their partnership and support of our business over the last several years.”

“CVC is excited to be entering a new partnership with Teneo,” said Christopher Stadler, Managing Partner at CVC. “We have been very impressed with the firm’s growth since it was founded in 2011 as well as its dedication to going above and beyond to deliver for its clients around the globe. We are very much looking forward to working closely with the management team to help execute their ambitious growth plans moving forward.”

“During our successful partnership, Teneo has nearly doubled EBITDA, both organically and through strategic acquisitions,” said Justin Bateman, Partner at BC Partners. “Since our initial investment in 2015, Teneo has executed nine acquisitions, which have been instrumental in expanding its geographic footprint, broadening its service offerings and continuing to build the company’s brand - positioning it as the leading global CEO and board advisory firm in the world.”

For further information contact:

Teneo:
Stephen Meahl
COO, Strategy & Communications Advisory
212-886-1624
stephen.meahl@teneo.com

CVC Capital Partners:
Carsten Huwendiek
Managing Director, Head of Marketing & Communications
+44 (0) 2074204240
chuwendiek@cvc.com

BC Partners:
Prosek Partners
+44 20 8323 0475 / +1 646 818 9287
pro-bcpartners@prosek.com

About Teneo:
Teneo is the global CEO advisory firm. Working exclusively with the CEOs and senior executives of the world’s leading companies, Teneo provides strategic counsel across their full range of key objectives and issues. Our clients include a significant number of the Fortune 100 and FTSE 100, as well as other global corporations. Integrating the disciplines of strategic communications, investor relations, digital advisory, diversity & inclusion, management consulting, physical & cyber risk advisory, financial advisory, corporate governance advisory, political & policy risk advisory, and talent advisory, Teneo solves for the most complex business challenges and opportunities.

The Firm was founded in June 2011 by Declan Kelly, Doug Band and Paul Keary and now has more than 800 employees located in 19 offices around the world.

For more information on Teneo, please see www.teneo.com

About CVC Capital Partners:
CVC is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 24 offices and over 500 employees throughout Europe, Asia and the Americas. To date, CVC has secured commitments of over US$123 billion from some of the world's leading institutional investors across its private equity and credit strategies.

In total, CVC currently manages approximately US$76 billion of assets. Today, funds managed or advised by CVC are invested in 75 companies worldwide, employing approximately 300,000 people in numerous countries. Together, these companies have combined annual sales of over approximately US$100 billion. For further information about CVC please visit: www.cvc.com