CVC Capital-backed Teneo to acquire restructuring services business from Deloitte.

CVC Capital-backed Teneo, a provider of strategic communications, investment banking, business intelligence services, agreed to acquire restructuring services business from Deloitte, a multinational professional services network. Financial terms were not disclosed. "The combination of the UK's best distressed restructuring specialists with our existing advisory expertise will reinforce and extend Teneo's position as the world's leading CEO advisory firm. Teneo intends to use this acquisition to build a global restructuring practice leveraging our existing capabilities in the United States as well as through further M&A and organic growth," Declan Kelly, Teneo Chairman and CEO.