I hold Herter & Co.

2023-09-28 05:14:19

Strengthening the financial advisory business in Europe / Significant expansion of the presence in Germany

Frankfurt, London, New York (ots) – The global CEO consultancy Teneo is significantly expanding its financial advisory business in Europe. The company today announced the acquisition of Herter & Co., a leading German debt advisory and financial restructuring consultancy.

Herter & Co. has a wide range of customers in Western Europe, ranging from large international corporations and family businesses to financial investors. The experienced team offers independent advice on all lending issues and product areas. It supports customers when taking out loans as well as during phases of financial restructuring. The extensive offering extends from syndicated loans to bonds and factoring. Herter & Co. has made a name for itself in recent years with a series of transactions with large and medium-sized companies.

The Herter & Co. team will become part of Teneo’s rapidly growing Financial Advisory business. Company founder Marcel Herter will continue to lead the team in Germany and work with Teneo’s other business areas. He reports to Daniel Butters, CEO Financial Advisory of Teneo. He will work in close partnership with Felix Schönauer, who leads Teneo’s strategy and communications business in Germany, to further expand the business in this important market.

Daniel Butters, CEO Financial Advisory at Teneo: “We are very pleased to welcome the Herter team and expand our offering and geographical presence in Europe. Marcel and the Herter & Co. leadership team have been involved in some of the most important transactions over the past few years. They offer independent solutions that fit our strategy and our offer perfectly. The employees at Herter and Teneo already know each other from various projects. Together we now have a unique offer for capital advisory in Western Europe as well as the important one Access to the capital markets in London and New York.”

Marcel Herter, founding partner of Herter & Co., said: “We are pleased to become part of the Teneo family. We have a lot of growth behind us and many advisory mandates on the largest transactions on the German market. Now is the time to “To take the next step and expand our international presence. I have known the Teneo team for many years and look forward to contributing to the company’s continued success in the coming years.”

Felix Schönauer, CEO of Teneo Germany, said: “We warmly welcome Marcel and his colleagues. The team in Germany is very excited about the expansion and looking forward to working with our new colleagues and further developing our integrated offering. We have over the past two “We have recorded impressive growth in Europe over the last few years – and have significantly expanded our business in Amsterdam, Berlin, Brussels, Dublin, Frankfurt and Paris. With the addition of Herter & Co., we can now offer an even wider range of global activities in Germany.”

Teneo’s legal advisors were Wachtell, Lipton, Rosen & Katz, Hengeler Mueller and William Fry. Herter was advised by Orrick Herrington & Sutcliffe LLP.

I’m holding on

Teneo is a global CEO consultancy. We support our customers in overcoming their biggest challenges, today and in the future. Our advisory services include strategic communications, investor relations, capital market transactions, restructuring, management and risk consulting, organizational design, board and executive search, government affairs and corporate governance, ESG and DE&I. In Germany, Teneo is represented with offices in Frankfurt am Main and Berlin.

Further information about Teneo can be found at teneo.com.