Teneo acquires PwC New Zealand’s Business Restructuring Services unit, expanding its Financial Advisory business in Asia-Pacific. The deal includes 22 employees moving to Teneo, led by partners John Fisk, Richard Nacey, and Stephen White. The group will report to Teneo’s CEO, Daniel Butters, pending finalisation at the end of next month.

PwC New Zealand CEO Andrew Holmes confirms the sale, expressing confidence in Teneo’s abilities. The team will focus on restructuring and insolvency matters, ensuring continuity for clients. Teneo CEO Paul Keary highlights the acquisition as a key step in the company’s growth strategy in Asia-Pacific, following the recent acquisition of PwC Australia’s BRS unit.

Teneo, with over 1,800 employees globally, continues to invest in the region, offering various advisory services. The Financial Advisory business, nearly 650 staff strong, covers areas such as business restructuring, insolvency, capital advisory, and forensics. The company operates in multiple Asia-Pacific markets, including Australia, Japan, and China.

Read more at Yahoo Finance: Teneo to acquire PwC New Zealand’s business restructuring services unit