Deals
Teneo Valued at $2.3 Billion After Liechtenstein’s LGT Invests
Teneo is based in New York.
Photographer: Spencer Platt/Getty Images
A fund backed by Liechtenstein’s Princely Family is taking a minority stake in communications and consulting firm Teneo, people familiar with the matter said.
The investment by LGT Capital Partners will value New York-based Teneo at about $2.3 billion, the people said, asking not to be identified because the information is private. Bloomberg News reported in July that Teneo was holding talks about bringing in a new investor.