Teneo, a global CEO advisory firm, has acquired KPMG’s Cayman and British Virgin Islands restructuring business. The deal expands the services of its global financial advisory business.
The acquired firm’s restructuring business consists of 25 professionals with specialist expertise in local and international restructuring, insolvency, E-discovery and forensic technology services. The deal enhances Teneo’s capabilities in delivering full-service cross-border restructuring and insolvency services.
“The acquisition of KPMG’s Cayman and BVI restructuring business represents the next milestone on our journey to build the leading global restructuring practice and wider financial advisory offering,” added Daniel Butters, CEO of Teneo’s Financial Advisory. “Cayman and BVI are a critical jurisdiction in many international restructuring and insolvency assignments, and the addition of e-Discovery and certain forensic technology services complements our existing offerings and provides an exceptional platform for growth.”
Wachtell, Lipton, Rosen & Katz and Walkers Global served as legal advisors to Teneo on the transaction.