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IASB to seek views on future workplan; FRC sets out budget, priorities

Teneo gives up more equity for big UK purchase

Private equity firm CVC Partners has increased its majority stake in Declan Kelly-led advisory firm Teneo to enable the business to buy Deloitte s UK restructuring business. The transaction, which is understood to be for at least €250m, moves Teneo into the UK corporate restructuring business for the first time, extending the range of advisory services it offers to business leaders and boards. At that price Teneo sought funding to complete the transaction from CVC, which bought a 50pc stake in the company for a reported €309m in 2019 from BC Partners. As part of that deal, management also sold some of their shares, giving CVC an outright majority position.

Investegate |Team PLC Announcements | Team PLC: Intention to Float

  The information contained in this announcement is for background purposes only and does not purport to be full or complete. Any purchase of shares on Admission should be made solely on the basis of the information contained in the Admission Document. No reliance may or should be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The information in this announcement is subject to change.   This announcement is for information purposes only and does not constitute a prospectus or any offer to sell or the solicitation of an offer to buy any security in the United States of America or in any other jurisdiction. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the Securities Act ). The Ordinary will not be registered under the Securities Act. No public offering of the Ordinary Sh

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