Teneo to acquire Australia’s business restructuring services unit of PwC.

Teneo, a company specializing in global CEO advisory services, agreed to acquire Australia’s business restructuring services unit of PwC, a British multinational professional services brand of firms. Financial terms were not disclosed. "Australia has a diverse, innovative and growing economy, making it a critical market for Teneo as we continue to build our business across the Asia-Pacific region and around the world. Today's acquisition rapidly advances our ongoing commitment to grow our existing operations in Australia, and we are excited to welcome PwC's Australia Business Restructuring Services unit to our global Teneo team," Paul Keary, Teneo CEO.