TENEO-TULCHAN TAKEOVER
Global CEO advisory firm Teneo is acquiring Tulchan Communications.
The acquisition of Tulchan Communications by global CEO advisory firm Teneo was announced on 10th of January 2023. The deal sees Teneo strengthen its presence in the UK communications sphere. Tulchan, founded in 2000, has over 70 employees in London and Singapore.
The Tulchan senior team will be joining Teneo as part of the transaction, bringing expertise in media, investment banking, government and industry. They will join Teneo’s strategy and communications team in London and Singapore, reporting to UK CEO Nick Claydon and strategy and communications CEO Lauren Chung.
“In a world of constant and unprecedented disruption, our clients are looking to us for experienced counsel as they navigate complexity,” Claydon says. “Tulchan brings a highly accomplished team with deep expertise in shareholder and stakeholder communications that will strengthen our financial and political offer, as well as many long-standing client relationships.”
Following the acquisition’s completion, Tulchan founder and senior partner, Andrew Grant, will become chair of Teneo’s strategy and communications business. Andrew Feldman, Tulchan’s managing partner, will become vice chair. The pair will work in partnership with Teneo’s global team, across areas such as financial advisory, management consulting, risk advisory and people advisory.
Claydon continues: “Together we will provide clients with high quality advice to address their critical financial, societal and political challenges. The acquisition will strengthen our capabilities in London as a full-service advisory firm that meets our clients’ needs.”
Grant says: “The environment in which companies operate has changed beyond recognition, and so has the shape and scale of our industry. We know that our clients are increasingly seeking a broader range of communication expertise, as well as international representation.
“Combining Tulchan with Teneo’s platform, both in London and internationally, will transform the expertise we can bring to our clients, as well as offer outstanding new opportunities for our colleagues.”
This marks the latest in a series of acquisitions by Teneo. In 2021, Teneo also acquired advisory firm Societer.
