Clearwater International has advised UK-based leading management consulting firm Credo Business Consulting LLP, on its cross border sale to US-based Teneo Holdings, the global CEO advisory firm.
Credo is a highly-respected management consulting firm focused on corporate strategy, transaction services, commercial and operating model transformation and performance improvement. With an outstanding reputation for depth of analysis and insight, Credo has helped many of the world’s leading organisations and financial investors to make and implement better strategic decisions.
Credo brings a team of 60 world-class professionals, including six partners, to Teneo, and deep expertise across a growing number of sectors including: Business and Support Services; Engineering, Construction and Infrastructure; Health and Social Care; Telecoms, Media and Technology; Software and IT Services; and Transport Services and Infrastructure.
Teneo is a global advisory firm that works exclusively with the CEOs and leaders of the world’s largest and most complex companies, providing strategic counsel to solve the most complex issues.
The transaction represents a major expansion of Teneo’s Consulting division which is led by Chairman Chris Wearing and President Alex Pigliucci. Teneo Consulting provides a full range of management consulting advisory services to many of the world’s largest companies and has experienced significant growth in the past year working on a range of major projects.
All of Credo’s current partners will remain with the business and will now be part of the extended Teneo leadership team.
The Clearwater International team was led by Partners Marcus Archer and James Barraclough, with support from Associate Directors Daniel Rossington and Mark Maunsell and Guillaume Arnaldez.
Declan Kelly, Chairman and CEO, Teneo said: “Today’s acquisition will help further the expansion of Teneo’s global management consulting capabilities in response to client demand.
“We are very pleased to welcome the Credo team to Teneo. They have a very strong reputation for delivering results for clients and will be a great addition as our business continues to grow.”
Simon Bones, Managing Partner, Credo added: “This represents a tremendously exciting moment for our firm, our clients and our staff. The combination of Teneo’s and Credo’s world-class strategic advisory capabilities will create a truly differentiated proposition for our clients and an excellent platform for growth. We are delighted to be joining forces with Teneo.”
Marcus Archer, Partner, Clearwater International commented: “The deal is yet further evidence of the appetite for international consultancies to build presence in the UK market through M&A. It also reflects the strong desire to develop capabilities in attractive services and sector lines.
“It has been an absolute pleasure to have advised Credo on the sale to Teneo and believe the tie-up creates a fantastic platform for future growth”