Iceni portfolio company StockWell, a strategic communications firm, acquired by BC Partners-backed consultancy Teneo
Teneo Holdings has completed the acquisition of StockWell, a UK’s leading strategic communications and reputation management firms. It was done in the same time as the acquisition of Blue Rubicon, another strategic communications firm in London (we have previously covered this news, Editor’s Note).
The acquisitions of StockWell and Blue Rubicon, in addition to Teneo’s existing UK operations, will create one of the largest strategic communications practices in the European market. It will also augment Teneo’s operations in other parts of the world. All members of StockWell senior management team will continue as part of the Teneo leadership team. Terms of the transactions have not been disclosed.
StockWell was founded in 2010 and is led by its three Managing Partners: Tim Burt; Philip Gawith and Richard Holloway. The firm is headquartered in London and has 30 staff. StockWell specializes in providing boardroom level strategic communications advice to leading corporations and individuals across the UK, Europe and beyond.
It is intended that the London operations will be combined and co-located in London in the near future. They will report to Charles Watson in his capacity as Chairman of Teneo International.
“The acquisition of StockWell is a transformational moment for Teneo as we continue to grow across the globe, building on our reputation as one of the world’s leading advisory firms,” said Declan Kelly, Chairman and CEO of Teneo.
“Teneo is fortunate to advise many of the world’s most senior business leaders on a daily basis. This requires us to be able to provide the highest-level strategic counsel at all times. Today’s acquisitions will help us to enhance Teneo’s offering even further in this regard,” he added.
Philip Gawith, joint-founder and Managing Partner of StockWell said: “We are delighted to be joining forces with Teneo and Blue Rubicon. Teneo has built a business of significance and scale advising chief executives and the opportunity to build on this success in the UK and beyond is very exciting. This is even more true in combination with Blue Rubicon, a firm whose leadership we have known and respected for many years. Together we have the opportunity to build an integrated and differentiated reputation advisory offer that will prove very compelling to clients.”
Teneo is a global advisory firm founded in 2011 by Declan Kelly, Doug Band and Paul Keary with a vision to create a new breed of advisory firm focused on working exclusively with the leaders of major corporations to help them address a wide range of business and reputational issues and opportunities. Teneo’s clients include some of the world’s largest corporations. The firm has over 275 employees working across 12 integrated operating divisions spanning the disciplines of strategic communications, investor relations, investment banking, financial analytics, executive recruiting, digital analytics, corporate governance, government affairs, business intelligence, management consulting and corporate restructuring. The business operates out of 12 offices around the world across the Americas, Europe, the Middle East and Greater China. In January 2015 Private Equity firm BC Partners acquired a minority stake in Teneo. In January 2015 Private Equity firm BC Partners acquired a minority stake in Teneo.
Founded in 2010, and backed by Iceni Capital, the firm is led by experienced communications advisers who have worked with some of the world’s largest corporations. It has almost 30 employees with proven strength and depth in reputation management; boardroom strategic communications counsel; financial and transaction communications; media relations (analogue, digital and social); corporate communications; crisis management; and litigation support. StockWell advises major international companies and has deep specific knowledge across a range of important territories including the UK, Western Europe, the CEE region, Japan and North America.
Source: Teneo Press Release