M&A Deal Summary

Teneo Acquires KPMG s Restructuring Business

On March 28, 2022, Teneo acquired business services company KPMG s Restructuring Business from KPMG International

Acquisition Highlights
  • This is Teneo’s 12th transaction in the Business Services sector.
  • This is Teneo’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2022-03-28
Target KPMG s Restructuring Business
Sector Business Services
Buyer(s) Teneo
Sellers(s) KPMG International
Deal Type Divestiture

Target

KPMG s Restructuring Business

Bermuda
KPMG's Restructuring Business brings expert advice to challenging situations of all shapes and sizes, from the largest and most complex corporate and international positions to the SMEs and owner-managed concerns underpinning the local market. The business support companies, lenders, equity holders, and a wide range of other stakeholders from Government, to regulators and many more in overcoming the issues associated with financial stress, distress or simple under-performance.

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Buyer(S) 1

Buyer

Teneo

New York, New York, United States
Category Company
Founded 2011
Sector Business Services
DESCRIPTION

Teneo is a global consulting and communications firm that provides strategic advisory services to CEOs and C-level executives of the world's leading companies. The company's core service is providing strategic and communications services, which covers a wide array of engagements such as customer communications, crisis management, investor relations, digital and social media consulting, executive recruitment, and litigation management. Teneo was founded in 2011 and is based in New York City.

DEAL STATS #
Overall 15 of 16
Sector (Business Services) 12 of 13
Type (Divestiture) 2 of 2
Country (Bermuda) 1 of 1
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 Societer

Paris, France

Societer is a consultancy firm in sustainable leadership, specializing in committed communication, societal impact, and collaborative diplomacy. The company reveals the commitment of the leader and the company in the global public debate and brings together all the strategic expertise necessary for sustainable leadership: committed communication, societal impact, and collaborative diplomacy. It provides tailor-made services for: defining a societal commitment connected to the Sustainable Development Goals (SDGs) of the United Nations 2030 agenda; the design of the strategic discourse and the content that structure the raison d'être of the company and the manager - manifesto of societal commitment, for example; communication, incarnation and outreach strategies in France and internationally, including press relations; the creation of ad hoc coalitions; economic diplomacy; institutional relations and public affairs; business development; crisis communication management. Societer was formed in 2019 and is based in Paris.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 WestExec Advisors

Washington, District of Columbia, United States

WestExec Advisors is a strategic advisory firm that offers unique geopolitical and policy expertise to help business leaders make the best decisions in a complex and volatile international landscape. WestExec is an unrivaled, bipartisan team of senior national security leaders with the most recent experience and unmatched networks in defense, foreign policy, intelligence, economics, cybersecurity, data privacy, and strategic communications. The company creates significant advantages for its clients by providing unparalleled expertise on the external factors and relationships that affect businesses from geopolitical trends and risks, to economic developments, to an evolving technological landscape, to changes in Washington and in other capitals around the world. WestExec Advisors is based in Washington, District of Columbia.

Buy -

Seller(S) 1

SELLER

KPMG International

Zurich, Switzerland
Category Company
Founded 1987
Sector Business Services
DESCRIPTION
KPMG office in central Stockholm, Sweden.
KPMG office in central Stockholm, Sweden.

KPMG is a provider of audit, tax and advisory services. KPMG International's member firms have 155,000 professionals, including more than 8,600 partners, in 155 countries. KPMG was established in 1987 and is based in Zurich, Switzerland.

DEAL STATS #
Overall 6 of 7
Sector (Business Services) 6 of 6
Type (Divestiture) 5 of 6
Country (Bermuda) 1 of 1
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Interpath Advisory

London, United Kingdom

Interpath Advisory is a multidisciplinary practice that advises companies, lenders, equity holders, and a wide range of other stakeholders including the Government, regulators, and pension trustees to navigate through the issues associated with economic disruption and overcome financial and operational challenges. Interpath Advisory was founded in 2021 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-30 KPMG Spark

Salt Lake City, Utah, United States

KPMG Spark is online accounting service for small and midsized businesses providing bookkeeping, tax prep, and facilitating access to payroll services. KPMG Spark was founded in 2013 and is based in Salt Lake City, Utah.

Sell -
Mergr

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