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Teneo has acquired Goldin Associates, a financial advisory firm focused on corporate restructuring that was founded in 1990 by former New York City comptroller Jay Goldin.
Goldin Assocs. has worked on high-profile bankruptcies including Enron, Drexel Burnham Lambert, City of Detroit and Bernie Madoff’s Madoff Investment Securities.
It is now part of Teneo’s capital advisory group, the investment banking arm of the strategic communications shop.
Michael Madden, chair of Teneo’s capital advisory group, praised Goldin Assocs for its "exceptional track record of advising clients through distressed situations."
Teneo was founded by Declan Kelly, ex-Financial Dynamics CEO, executive VP at FTI Consulting and economic envoy for Northern Ireland for Secretary of State Hillary Clinton; Paul Keary, senior managing director at FTI; and Doug Band, who was President Clinton’s chief counsel.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
