NEW YORK and LONDON, Oct. 26, 2015 /PRNewswire/ -- Teneo Holdings today announced that it is acquiring Pendomer Communications, a financial and corporate communications firm based in London.
The transaction is Teneo's third acquisition in the UK market this year and follows the acquisitions of Blue Rubicon and StockWell in July. Pendomer will combine with Teneo's existing UK operations and the enlarged business will have over 200 professionals in London with a further 300 people across 14 offices around the world.
Founded in 2012, Pendomer is led by Charles Armitstead and Ben Foster, former Managing Directors of Financial Dynamics (now FTI). The agency advises a diverse range of clients including many leading UK companies as well as large, international organizations. Pendomer has also advised on over £30 billion of transactions since its inception.
Pendomer's senior team will report directly to Charles Watson in his capacity as Chairman of Teneo International. Terms of the transaction have not been disclosed.
"The acquisition of Pendomer solidifies our position as one of the world's leading global advisory firms. We have known the team at Pendomer for many years and respect the way that they have built a successful, highly profitable business from a standing start," said Declan Kelly, Chairman and CEO of Teneo.
"Their entrepreneurialism, innovative approach and hugely respected advisory capabilities will help to significantly accelerate our ambition to expand rapidly in the UK and across Europe," he added.
Charles Armitstead, Managing Partner of Pendomer, said: "We have watched Teneo evolve quickly to become the new challenger force in the corporate boardroom. Their global footprint and diverse offering, combined with the notable acquisitions of Blue Rubicon and StockWell, makes this an incredibly exciting opportunity for us and for our clients. We look forward to contributing to Teneo's success and helping to take the business forward."
Teneo is a global advisory firm founded in 2011 by Declan Kelly, Doug Band and Paul Keary with a vision to create a new breed of advisory firm focused on working exclusively with the leaders of major corporations to help them address a wide range of business and reputational issues and opportunities. Teneo's clients include some of the world's largest corporations. The firm has over 525 employees working across 12 integrated operating divisions spanning the disciplines of strategic communications, investor relations, investment banking, financial analytics, executive recruiting, digital analytics, corporate governance, government affairs, business intelligence, management consulting and corporate restructuring. The business operates out of 14 offices around the world across the Americas, Europe, the Middle East and Greater China. In January 2015 Private Equity firm BC Partners acquired a minority stake in Teneo. For more information on Teneo, please see www.teneoholdings.com
Pendomer is a specialist financial communications and corporate communications consultancy founded in 2012. Based in London, Pendomer advises a broad range of leading UK companies as well as large, international organisations across continental Europe and the USA. More information can be found at www.pendomer.com.
SOURCE Teneo Holdings