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, July 17, 2025 /PRNewswire/ -- Teneo, the global CEO advisory firm, today announced a major expansion of its fast-growing global business with an agreement to acquire PwC's Australia Business Restructuring Services unit.

The transaction further extends Teneo's market-leading presence across Asia-Pacific, providing its Financial Advisory business with a strong foothold in the Australian market. The team will offer a wide range of financial advisory services in the region, including deep expertise in local and international restructuring and insolvency situations.

Through the transaction, approximately 80 members of PwC's Australia Business Restructuring Services team will join Teneo, including Stephen Longley who has led the team for the last four years and will become Head of Financial Advisory Australia. He will report to Daniel Butters, CEO of Teneo's Financial Advisory business. 

"Australia has a diverse, innovative and growing economy, making it a critical market for Teneo as we continue to build our business across the Asia-Pacific region and around the world," said Paul Keary, CEO of Teneo. "Today's acquisition rapidly advances our ongoing commitment to grow our existing operations in Australia, and we are excited to welcome PwC's Australia Business Restructuring Services unit to our global Teneo team."

"PwC's Australia Business Restructuring Services team is highly respected in the market and will be a key part of the growth of our Financial Advisory business moving forward," said Daniel Butters, CEO of Teneo's Financial Advisory business. "We see significant opportunity both in the Australian market and the wider Asia-Pacific region for a critical events advisor of scale, and this acquisition gives us an outstanding platform for growth."

Stephen Longley, incoming Head of Financial Advisory Australia at Teneo, said, "We are excited to join Teneo and be a key part of its strategy to grow a global financial advisory and restructuring business. As the restructuring market continues to evolve, we will remain focused on what has always been important: the growth and development of our team and delivering great outcomes for our clients."

PwC Australia CEO Kevin Burrowes said: "We are pleased to finalise this important transaction which will see our business restructuring services partners and team join Teneo. We look forward to working with Teneo on a seamless transition for our clients, people and partners and wish the new business every success."

Teneo's Financial Advisory business has grown quickly since the firm's acquisition of Deloitte's UK restructuring business in 2021 and now has nearly 600 employees around the world providing a range of services including business restructuring, corporate insolvency and bankruptcy, capital advisory, business transformation and forensics and investigations advisory.

Teneo's existing team in Australia, based in Sydney and Melbourne, is a key part of the firm's Strategy & Communications business and provides fully integrated services across strategic communications, media relations, investor relations, transactions (M&A and IPO), shareholder activism, ESG advisory, regulatory and government affairs, and geopolitical risk. The Teneo team advises Australian companies on critical issues as well as multinational corporates and global private equity firms with operations and investments in the country.

As a result of the transaction, Teneo will significantly enhance its current presence in Sydney and Melbourne and plans to open its first office in Brisbane in the coming weeks. This expansion in Australia contributes to the continued growth of the Teneo business across Asia-Pacific, with a well-established presence in key markets such as Japan, Singapore, China and Hong Kong SAR.

About Teneo
Teneo is the global CEO advisory firm. We partner with our clients globally to do great things for a better future.

Drawing upon our global team and expansive network of senior advisors, we provide advisory services across our five business segments on a stand-alone or fully integrated basis to help our clients solve complex business challenges. Our clients include a significant number of the Fortune 100 and FTSE 100, as well as other corporations, financial institutions and organizations.

Our full range of advisory services includes strategic communications, investor relations, financial transactions and restructuring, management consulting, physical and cyber risk, organizational design, board and executive search, geopolitics and government affairs, corporate governance, and ESG.

The firm has more than 1,700 employees located in 40+ offices around the world.

For more information about Teneo, please visit teneo.com.

SOURCE Teneo