Teneo expands global operations with PwC Australia acquisition

Teneo expanded its global operations by launching its Financial Advisory business in Australia through the acquisition of PwC's Australia Business Restructuring Services unit. This acquisition added approximately 80 professionals to Teneo's workforce and is expected to establish a crucial presence in the Australian market.

The new Financial Advisory unit will complement Teneo’s existing strategic communications business in Australia and aims to strengthen its footprint in the Asia-Pacific region. Teneo plans to open an office in Brisbane while significantly enhancing its operations in Melbourne and Sydney.

The transition saw Stephen Longley, former head of PwC's Australia Business Restructuring Services team, take on the role of Head of Financial Advisory Australia, reporting to Daniel Butters, CEO of Teneo's Financial Advisory business. Paul Keary, CEO of Teneo, highlighted Australia’s diverse economy, noting that this acquisition supports their growth strategy in the Asia-Pacific region.

Daniel Butters also remarked on the team’s respected status in the market, emphasizing opportunities for development in Australia and the broader Asia-Pacific area. Longley expressed commitment to delivering results for clients while growing the team. The expansion reflects Teneo's continued investment in strengthening its advisory capabilities across key markets.

Teneo has rapidly increased its operations since acquiring Deloitte's UK restructuring business in 2021, now employing nearly 600 professionals globally who provide a range of services including corporate insolvency and business transformation.