CVC-backed Teneo establishes New Zealand footprint via PwC deal Prof Services Advisory firm Teneo is to acquire PwC New Zealand’s business restructuring services unit as part of its Asia-Pacific expansion strategy. The deal, which is subject to customary closing conditions and is expected to close at the end of February 2026, will see 22 members of PwC New Zealand’s business restructuring services team join Teneo. This [...]
Advisory giant Teneo valued at £1.7bn in fresh deal Business Advisory firm Teneo has received fresh backing from a top Liechtensteiner buyout firm valuing it at $2.3bn (£1.73bn), in a deal that suggests the malaise afflicting the world’s largest holding companies and consultancies is not extending to more specialist or diversified firms. LGT Capital Partners is backed by Liechtenstein’s royal family and has over $100bn [...]
Homebase racked up debts of over £730m ahead of collapse Retail The company behind Homebase owed more than £730m when it collapsed into administration before the brand was partially saved by the owner of The Range, it has been revealed. Retail group CDS, which also owns Wilko, took on 70 stores and secured the future of up to 1,600 jobs at the troubled DIY and garden [...]
What Homebase staff and shoppers need to know as ‘Del Boy billionaire’ behind The Range nears rescue deal November 13, 2024 Staff at DIY chain Homebase and its customers have been issued advice as the so called ‘Del Boy billionaire’ behind The Range edged closer to a rescue deal. It emerged this morning that Chris Dawson is in talks to snap up around 70 Homebase stores as part of a pre-pack administration. Speaking to The Telegraph, [...]
Huge debts at Titanic shipbuilder Harland & Wolff revealed October 31, 2024 Titanic shipbuilder Harland & Wolff owed more than £160m when it collapsed into administration last month, it has been revealed. Teneo was appointed to oversee the process at the 162-year-old holding company in September while its subsidiary firms, including its prized Belfast shipyard, will continue to trade under the control of the directors. Now a [...]
Teneo secures £77m loan for first dividend payout October 13, 2024 Public relations firm Teneo is borrowing up to $100m (£76.5m) to pay its private equity owner and staff their first dividend. The company, which has City-based UK offices, approached lenders for the financing last week that is earmarked to fund dividend payouts, according to analysts at research firm Creditsights. However, sources close to Teneo said [...]
TGI Fridays UK collapses into administration as all restaurants put up for sale September 18, 2024 The company behind TGI Fridays restaurants in the UK has collapsed into administration as it attempts to see all its 87 sites across the country. London-listed Hostmore has appointed administrators from Teneo to oversee the process after plans to buy the US restaurant chain collapsed earlier this month. The business said it hopes to sell [...]
Cazoo racked up debts of over £260m as it collapsed into administration July 16, 2024 Cazoo racked up debts of more than £260m as it collapsed into administration earlier this year, it has been revealed.
Arrowxl to be sold after former Yodel owner racked up debts of over £150m May 28, 2024 ArrowXL is to be sold after the company behind it, which is owned by the billionaire Barclay family and formerly included Yodel, racked up debts of more than £150m ahead of entering administration.
Cazoo formally enters administration as parent company prepares for liquidation May 21, 2024 Online car retailer Cazoo has formally collapsed into administration while its parent company is heading for liquidation.