CVC Capital-backed Teneo to acquire Herter & Co.

CVC Capital-backed Teneo, a global CEO advisory firm, agreed to acquire Herter & Co, a debt advisory and financial restructuring firm. Financial terms were not disclosed. "We are pleased to join the Teneo family. After significant growth and having advised on the largest transactions in the German market, it is time to take the next step and expand our international footprint. I have known the Teneo team for many years and look forward to contributing to the development of the business in the years to come," Marcel Herter, Herter & Co Founding Partner.