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Teneo is providing PR services to private equity firm Clayton, Dubilier & Rice as it moves to acquire Dublin-based UDG Healthcare in a deal worth $3.7B.
UDG supplies advisory, marketing communications, strategic engagement, technology and manufacturing support to pharmaceutical and biotechnology companies.
CD&R purchased UK-based Huntsworth healthcare communications firm for $511M in 2020.
It plans to merge UDG’s Ashford advisory unit with Huntsworth to support clients across the life cycle of a drug, from development to launch and beyond patient expiry across therapeutic areas.
UDG Chairman Shane Cooke said CD&R made an attractive offer that “reflects the quality, strength and long-term performance of UDG’s business and future growth potential.”
Teneo has Philip Gawith and Haya Herbert-Burns repping CD&R, while Powerscourt’s Lisa Kavanagh, Jack Hickey and Eavan Gannon advise UDG.
Reevemark handles Eddie Bauer LLC as the retailer inks a Chapter 11 restructuring pact that has it conducting liquidation sales at its US and Canadian stores while working to find a buyer for either all of or part of the chain.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
FGS Global heads the list in Mergermarket’s ranking of the top PR advisors in M&A deals for 2025. Joele Frank, Brunswick Group follow.
Financial marketing is entering a new era where brands must move beyond mere storytelling and increasingly demonstrate to audiences that they’re prepared for change.
