Teneo is a portfolio company of funds advised by CVC Capital Partners, who are making an incremental equity investment as part of this transaction.
The transaction, which is subject to regulatory approval, further extends the range of market-leading advisory services that Teneo provides to business leaders, their boards, companies and a wide range of institutions around the world.
The divestment by Deloitte comes ahead of imminent UK legislation forcing the largest audit firms to split off their audit arms to ensure independence.
The government is expected to announce the plans for audit reform imminently.
The restructuring services business of Deloitte UK, comprising more than 250 people including 27 partners, will add specialist exper…
Read the full article at: https://www.accountancydaily.co/deloitte-sells-restructuring-unit-audit-reform