London-based CEO advisory firm Teneo acquires Credo company

Teneo Holdings has announced its acquirement today (August 7) of Credo Business Consulting, a management consultancy firm in both London and Dubai. The amount has been undisclosed.

This is Teneo’s first acquisition of such a firm which is part of a huge global expansion of its operating division, increasing global headcount to over 670 employees.

Credo focuses on corporate strategy, transaction services and performance improvement, and has helped many global organisations and financial investors to implement better strategic decisions.

The chairman and CEO of Teneo, Declan Kelly, said: “We are very pleased to welcome the Credo team… to further the expansion of Teneo’s global management consulting capabilities in response to client demand.”

Credo will bring a team of 60 professionals, including six partners, to Teneo as well as an expertise in sectors including business; engineering; construction and infrastructure; health and social care; telecoms; IT services…

This expansion is led by chairman, Chris Wearing and president, Alex Pigliucci. Simon Bones, managing partner of Credo, commented on the announcement: “This represents a tremendously exciting moment for our firm, our clients and staff.

“The combination of Teneo and Credo’s advisories will create a truly differentiated proposition for our clients and an excellent platform for growth.”

Since the start of 2017, Teneo has completed four acquisitions and a total of nine transactions since it was founded in 2011.

All of Credo’s current partners will remain with the business and will serve as part of Teneo’s extended leadership team.

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