Copying another post as I'm also interested and it never got any comments
Thoughts on Teneo’s Financial Advisory team in UK (joining as a graduate) - exit ops, salary progression and bonus, hours, type of work they do and rep? Seen on LinkedIn they've advised on a couple of IPO's and have had some decent involvement in big RX projects.
Can I exit to likes of Alix/A&M/RX IB/HF/Special sits & distressed PE/Credit?
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Based on the most helpful WSO content, Teneo’s Financial Advisory team in the UK is known for its involvement in restructuring (RX) and financial advisory work. Here’s a breakdown of the key points relevant to your query:
Type of Work:
Teneo has been involved in notable RX projects and IPO advisory, which suggests exposure to high-profile and complex transactions. This can provide a solid foundation in restructuring, distressed situations, and financial advisory.
Exit Opportunities:
Exiting to firms like AlixPartners, Alvarez & Marsal (A&M), RX-focused investment banking (IB), hedge funds (HF), special situations/distressed private equity (PE), or credit funds is possible. The RX experience at Teneo aligns well with the skill sets sought by these firms, particularly in distressed and special situations investing.
Salary Progression and Bonus:
While specific figures for Teneo’s Financial Advisory team in the UK aren’t detailed in the context, compensation in RX roles generally tends to be competitive, especially as you gain experience. Bonuses in RX can be tied to deal flow and project success, which might vary year to year.
Hours:
Hours in RX and financial advisory roles can be demanding, especially during active deal periods or restructuring projects. However, the intensity might be slightly less than traditional M&A roles, depending on the specific project.
Reputation:
Teneo’s involvement in significant RX projects and IPOs indicates a growing reputation in the financial advisory space. While it may not yet have the same brand recognition as AlixPartners or A&M, it appears to be a solid platform for building RX expertise.
In summary, joining Teneo’s Financial Advisory team as a graduate can provide strong exposure to restructuring and financial advisory work, setting you up for exits into RX IB, distressed PE, credit funds, or HFs. The experience and network you build will be key to unlocking these opportunities.
Sources: Thoughts on Consello Group?, Top groups at BOFA London, London Advice on current situation and transition to IBD/S&T, Thoughts on Starting Investment Bank/M&A Advisory for my Company
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bumppp
Teneo does really well in the UK restructuring market. The team there is led by ex-Deloitte RX guys who are very well known. If you are set in working in London and doing corporate work, it is top of the top (can validate this by looking at UK SARs and Administrator assignments). Only gap is that they don’t do much creditor-side work, as far as I know.
Thanks! Do you think i'll be able to leverage being there to jump to ops as stated in post?
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