Merrion Capital and Teneo Capital have struck a partnership deal, Bloomberg reports. The Irish securities firm and the U.S. investment bank will acquire equal stakes of below 10% in each other’s businesses, adds Irish Times. Bill Clinton serves as the Chairman of Teneo’s advisory board. Nearly 70% of Merrion is held by its staff, while 30% is owned by external investors. Post-deal, New York-based investment bank Allen and Company will continue to remain the largest stakeholder in Merrion.
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