BC Partners to Sell Interest in Teneo to CVC Capital Partners
06.11.19
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Simpson Thacher is representing BC Partners Advisors L.P. (“BC Partners”) in connection with the entry, by certain of its affiliates, into a definitive agreement to sell BC Partners’ interest in Teneo Global LLC (“Teneo”) to CVC Capital Partners. The transaction is subject to regulatory approval and other customary closing conditions. Financial terms of the transaction were not disclosed.
BC Partners became an investor in Teneo in 2015. Teneo is a global CEO advisory firm that works with the CEOs and senior executives of leading companies to provide strategic counsel across their full range of key objectives and issues. Teneo’s clients include a significant number of the Fortune 100 and FTSE 100, as well as other global corporations. Teneo was founded in June 2011 by Declan Kelly, Doug Band and Paul Keary and has more than 800 employees located in 19 offices around the world.
The Simpson Thacher team includes Anthony Vernace and Mark Viera (M&A); Jennifer Hobbs and Eli Isak (Banking & Credit); Gary Mandel, Drew Purcell and Sophie Staples (Tax); and Seema Shah (Funds).