Teneo expands financial advisory with PwC New Zealand acquisition

Teneo agreed to acquire PwC New Zealand's Business Restructuring Services unit, bringing 22 New Zealand-based professionals into its Financial Advisory business and planning offices in Auckland, Wellington and Christchurch, a move that expanded the firm's Asia-Pacific footprint.

The transaction followed Teneo's acquisition of PwC Australia's Business Restructuring Services unit in July 2025 and added to the firm's presence across Asia-Pacific, where it operated in Australia, Japan, Singapore, China and Hong Kong Synthetic Aperture Radar (SAR); Teneo reported more than 1,800 employees globally and nearly 650 within its Financial Advisory business.

Teneo's Financial Advisory business provided services that included business restructuring, corporate insolvency and bankruptcy, capital advisory, business transformation, and forensics and investigations advisory, and the New Zealand team would provide expertise in local and international restructuring and insolvency situations to support clients and stakeholders.

Through the transaction, 22 members of PwC New Zealand's Business Restructuring Services team were to join Teneo, including partners John Fisk, Richard Nacey and Stephen White and Executive Director Malcolm Hollis; these hires would report to Daniel Butters, CEO of Teneo's Financial Advisory business.

“Today's acquisition is another important milestone in our global growth and the build out of Teneo's offering across Asia-Pacific,” said Paul Keary, CEO of Teneo. “We continue to see significant opportunity across the region for a critical events advisor of scale, and this acquisition will further strengthen our capabilities in an important market for our business,” said Daniel Butters, CEO of Teneo's Financial Advisory business.

The deal was subject to customary closing conditions and was expected to close at the end of February 2026.