Teneo has acquired Tulchan Communications, a financial PR/IR shop with more than 70 pros in London and Singapore, in a deal valued in the $80M range.
Andrew Grant, Tulchan founder/senior partner, will chair Teneo’s UK strategy and communications unit, while managing partner Andrew Feldman will take on the vice chair slot.
Nick Claydon, Teneo UK CEO, said Tulchan has “the expertise in shareholder and stakeholder communications that will strengthen our financial and political offer, as well as many long-standing client relationships.”
The acquisition will better position Teneo London as a full-service shop that can provide clients high quality counsel to address their critical financial, societal, and political challenges, added Claydon.
Paul Keary, Teneo CEO, said the acquisition marks a significant milestone in the growth of the global CEO advisory.
He said Grant and the Tulchan team “are deeply experienced and highly respected advisors who will expand Teneo’s M&A and C-suite advisory in London, Singapore and around the world.”
Tulchan has advised blue-chip clients such as Unilever and Marks & Spencer.