Overview
- Teneo announced an agreement to purchase PwC New Zealand’s Business Restructuring Services unit for an undisclosed sum.
- The deal would transfer 22 PwC New Zealand BRS professionals to Teneo, including partners John Fisk, Richard Nacey and Stephen White, plus executive director Malcolm Hollis.
- The incoming team will join Teneo’s global Financial Advisory business and report to its CEO, Daniel Butters.
- Completion is expected by the end of February 2026 subject to customary closing conditions, with plans to open offices in Auckland, Wellington and Christchurch.
- PwC New Zealand CEO Andrew Holmes confirmed the sale as the firm sharpens its focus on AI and business transformation, following Teneo’s 2025 purchase of PwC Australia’s BRS unit.