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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.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
