BC’s Teneo picks up Blue Rubicon and StockWell

Following the deal, Teneo's headcount has increased to 500 globally. As part of the transaction, senior management of both Blue Rubicon and StockWell will remain as part of Teneo's leadership team.

Stockwell was acquired from Iceni Capital, which generated an 8x return from the sale. Iceni supported the creation of Stockwell alongside management in 2011. 

Previous funding
BC acquired Teneo in December 2014, just three years after the company's inception.

LDC acquired a majority stake in Blue Rubicon in 2012 in a deal valuing the company at £28m. Under LDC's stewardship, the company has opened offices in Qatar, Dubai and Singapore. Furthermore, the captive fund supported Blue Rubicon's acquisitions of research business Hesleden Partners and public affairs consultancy Open Road.

Company
Blue Rubicon was established 15 years ago and specialises in advising corporate clients on reputation risk, crisis management, succession planning, corporate restructuring, re-launches and post-M&A integration. The company employs 225 people in London, Doha, Dubai and Singapore.

Founded in 2010, StockWell is headquartered in London and employs 30 people. The company focuses on strategic communications advice. Clients include private equity firm Clayton Dubilier & Rice.

Teneo is a New York-headquartered consultancy.

People
Gordon Tempest-Hay is CEO of Blue Rubicon. Tim Burt, Philip Gawith and Richard Holloway are managing partners of StockWell. Charles Watson is chairperson at Teneo Holdings International; Declan Kelly is CEO and chairperson at Teneo.

David Andrews is an investment director at LDC.

Advisers
Vendor (LDC) – Ingenious Corporate Finance, Jim Houghton (Corporate finance); CMS Cameron Mckenna, James Grimwood, Gemma Sainsbury, Narinder Jugpal (Legal).

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