DWF has advised the members of UK-based leading management consultancy Credo Business Consulting LLP on its cross-border sale to global CEO advisory firm Teneo Holdings.
 
Credo is a renowned management consulting firm which focuses on corporate strategy, transaction services, commercial and operating model transformation and performance improvement.
 
US-based Teneo Holdings works exclusively with the CEOs and leaders of the world’s largest and most complex companies providing strategic counsel across their full panoply of key objectives and issues. The deal sees Credo bring a team of 60 world-class professionals, including six partners, to Teneo. The business's 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 will be a crucial benefit of the takeover. All of Credo’s current partners will remain with the business and will now be part of the extended Teneo leadership team.
 
Paddy Eaton, corporate partner at DWF, advised on the deal with support from employment partner Helga Breen and tax partner Jon Stevens, along with associates Nick Crisp and Joe Cobley (corporate), Laura Brown (employment) and James Cashman (tax).
 
Paddy said: "We are delighted to have acted for the Credo team on this transaction and look forward to seeing the business grow in combination with Teneo. This deal is a great example of DWF's international expertise and fast-growing stature in the London market."
 
Simon Bones, Managing Partner of Credo, said: “DWF did an excellent job for us, working commercially and effectively to get a smooth transaction and a great outcome.”