CVC Capital Partners, a global private equity and investment advisory firm, agreed to acquire a majority stake in Teneo, the global CEO advisory firm. The transaction, which is subject to regulatory approval and other customary closing conditions, will result in CVC replacing BC Partners. The terms of the new investment are not being disclosed. However, the deal is rumored to be worth over $350m. "CVC is excited to be entering a new partnership with Teneo," said Christopher Stadler, Managing Partner at CVC. "We have been very impressed with the firm's growth since it was founded in 2011 as well as its dedication to going above and beyond to deliver for its clients around the globe. We are very much looking forward to working closely with the management team to help execute their ambitious growth plans moving forward."