CVC Capital Partners buys majority stake in Teneo
CVC Capital Partners has acquired a majority stake in public relations and advisory company Teneo for $350m. Teneo advises the chief executives of some of the world’s largest corporations and has strong political connections in the UK and US, with Bill Clinton and Tony Blair both having served on its advisory board. Teneo has more than tripled its headcount and made nine acquisitions in recent years, including Blue Rubicon in the UK in 2015. The acquisition values it at more than $700m.