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PwC Australia sells restructuring arm to Teneo for millions

Edmund Tadros

PwC Australia has sold its 84-person restructuring team to consulting firm Teneo in a deal worth millions, as the big four firm slims its advisory arm to focus on areas of client demand such as AI advice and business model transformation.

Teneo will create a new local financial services advisory business – led by outgoing PwC partner Stephen Longley – with the purchase, adding to its existing 15-strong strategy and communications business in Australia.

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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Email Edmund at edmundtadros@afr.com.au

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    Original URL: https://www.afr.com/companies/professional-services/pwc-australia-sells-restructuring-arm-to-teneo-for-millions-20250717-p5mfsb