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Teneo köper avdelning av Deloitte UK

Teneo köper avdelning av Deloitte UK
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Teneo gives up more equity for big UK purchase


Private equity firm CVC Partners has increased its majority stake in Declan Kelly-led advisory firm Teneo to enable the business to buy Deloitte s UK restructuring business.
The transaction, which is understood to be for at least €250m, moves Teneo into the UK corporate restructuring business for the first time, extending the range of advisory services it offers to business leaders and boards.
At that price Teneo sought funding to complete the transaction from CVC, which bought a 50pc stake in the company for a reported €309m in 2019 from BC Partners.
As part of that deal, management also sold some of their shares, giving CVC an outright majority position. ....

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Bernard Arnault helps Europe jump aboard the Spac bandwagon


Bernard Arnault helps Europe jump aboard the Spac bandwagon
The market for blank cheque firms has got off to a slow start on this side of the Atlantic – but it is growing
17 February 2021 • 6:00am
Bernard Arnault, one of the world’s wealthiest men, amassed his fortune through savvy M&A deals over a four-decade-long career, so it should come as little surprise that the LVMH boss is taking the European lead on the latest dealmaking craze: special purpose acquisition vehicles – or “Spacs”. 
Spacs are types of “blank cheque” firms typically listed as a cash shell on a stock exchange with a promise to swoop on a takeover target. ....

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Teneo Extends Global Presence with Acquisition of Deloitte's UK Restructuring Services Business


Teneo Extends Global Presence with Acquisition of Deloitte s UK Restructuring Services Business
Teneo to launch full-service restructuring business in latest expansion of consulting capabilities
Acquisition lifts Teneo s headcount to more than 1,100 employees around the world
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NEW YORK and LONDON, Feb. 16, 2021 /PRNewswire/  Teneo, the global CEO advisory firm, today announced a major expansion of its international consulting capabilities with an agreement to acquire the Restructuring Services business of Deloitte UK. Teneo is a portfolio company of funds advised by CVC Capital Partners, who are making an incremental equity investment as part of this transformational transaction. ....

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Clavent announces first round of speakers for TestFest UK - Global Test Automation Series


Clavent announces first round of speakers for TestFest UK - Global Test Automation Series
By
siliconindia  |  Tuesday, 16 February 2021, 10:43 Hrs
TestFest UK, the second edition of the TestFest, a global test automation series, organized by Clavent, a global tech conferences organisation, will be held on March 11 to 12, from 10.00 AM BST until 2 PM BST.
The conference follows after TestFest USA held in 2020 and is part of the software testing mini conferences coming up in South Africa, Australia, Philippines, Singapore and India with eight hours of sessions distributed over two days.
The TestFest USA, powered by Innominds, a digital next AI-led platform company, had more than 500 attendees and over 15 speakers from the USA. The conference had also conducted a globally well-attended giant panel discussion. ....

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