Teneo acquires Brussels-based Cabinet DN
Teneo Holdings, a global CEO advisory firm, today announced the acquisition of Cabinet DN, a European public affairs and strategic communications firm based in Brussels.
The transaction brings the firm’s global headcount to more than 600 employees operating from key markets around the world across 12 different operating divisions.
Cabinet DN’s management team, which includes founders Jacob Lund Nielsen (managing partner) and Timme Bertolt Døssing (partner), Deborah Nash (partner) and Mario Filipponi (partner), will continue in their leadership roles of the business and report to Charles Watson, chairman of Teneo International.
The business will be combined with Teneo’s existing Brussels team led by managing director Ruud Wassen.
Declan Kelly, chairman and CEO at Teneo, said: “With this announcement, we further strengthen our capabilities in Brussels and across Europe. Brussels and the broader European Union is a critical market for many multinational corporations; the acquisition of Cabinet DN allows us to continue to offer our clients best-in-class expertise and capabilities in a market of critical importance and at a time of heightened volatility.
“We have known the Cabinet DN team for many years and have followed closely their development of such a successful business. We are delighted to welcome them to Teneo.”
Jacob Lund Nielsen, managing partner at Cabinet DN, said: “Teneo’s acquisition of Cabinet DN is a milestone moment for our company, its employees and our clients. Becoming part of Teneo’s rapidly expanding global business is immensely exciting and will be transformational for our combined Brussels-based offering.
“We have followed Teneo’s impressive growth in recent years with great admiration and have huge respect for what it has achieved so far. We are excited to become a part of the firm as it embarks on this next stage of growth and development, putting Brussels at the heart of its growth plans.”
