Teneo Buys PwC Australia Restructuring Unit, Explores Stake Sale

PwC Australia sells restructuring arm to Teneo for millions

The New York-based firm will create a new local financial services advisory business led by outgoing PwC partner Stephen Longley.

Teneo Buys PwC Australia Restructuring Unit, Explores Stake Sale

Communications and consulting firm Teneo has agreed to buy PricewaterhouseCoopers’ business restructuring services unit in Australia.

Teneo acquires PwC’s Australia restructuring unit to expand financial advisory presence – EMEA Tribune – Latest News – Breaking News – World News

(Reuters) -Teneo said on Thursday it has acquired the Australia business restructuring services unit of auditing firm PwC, as the management consultancy seeks to expand […] Source

Teneo makes major Aussie push through purchase of PwC’s restructuring arm

Global consultancy Teneo has purchased PwC’s Australian restructuring arm, in the process launching its financial advisory business downunder with over 80 professionals already in place. In a major disruption to the Australian consulting sector, Teneo properly enters the local scene with more than a dozen former PwC partners and 70 staff, significantly adding to its current local headcount of around 15 strategy & communications professionals.

TENEO CONTINUES GLOBAL EXPANSION WITH ACQUISITION OF PwC's AUSTRALIA BUSINESS RESTRUCTURING SERVICES UNIT

Launch of Teneo’s Financial Advisory business in Australia with the addition of approximately 80 professionals New operation will serve as an important hub for continued growth across the Asia-Pacific region Financial advisory services will complement Teneo’s existing strategic communications business in Australia Teneo to open office in Brisbane, as well as significantly expand operations in Melbourne and Sydney SYDNEY and LONDON and NEW YORK, …