Teneo to acquire PwC New Zealand’s business restructuring services unit

Core Insights - Teneo has agreed to acquire PwC New Zealand's Business Restructuring Services unit, further expanding its Financial Advisory business in the Asia-Pacific region [1][4] - The acquisition will involve 22 employees from PwC New Zealand, including key partners and an executive director [1][2] - The deal is expected to be finalized by the end of next month, pending standard closing conditions [3][4] Group 1: Acquisition Details - The acquisition will enhance Teneo's capabilities in restructuring and insolvency matters, focusing on both domestic and cross-border situations [4] - Teneo's CEO Paul Keary emphasized that this acquisition is a significant milestone in the company's global growth strategy [4][5] - Teneo previously acquired PwC Australia's Business Restructuring Services unit in July 2025, indicating a strategic trend in expanding its advisory services [5] Group 2: Operational Impact - The New Zealand team will continue to provide advisory services in business restructuring, corporate insolvency, and related areas [6] - Teneo currently employs over 1,800 people globally, with its Financial Advisory business growing to nearly 650 staff [5] - The acquisition aligns with Teneo's commitment to invest in the Asia-Pacific region and expand its range of advisory services [5][6]