August 25, 2020
Clearsight Advises Goldin Associates in its Acquisition by Teneo
Clearsight Advisors, Inc. (“Clearsight” ) is pleased to announce the successful completion of the sale of Goldin Associates, LLC (“Goldin” or “The Company”), a leading financial advisory firm focused on distressed situations, financial restructuring, valuation analyses and fiduciary roles. Clearsight served as the exclusive strategic financial advisor to Goldin in its acquisition by Teneo, a portfolio company of CVC Capital Partners, where it will become part of Teneo’s Capital Advisory business. This transaction further affirms Clearsight’s position as the industry leading advisor to high-end professional services firms.
Based in New York City, Goldin provides mission-critical financial advisory, valuation, and governance services. The Company includes practiced professionals with over thirty years of experience advising on distressed situations for companies, creditors, and equity holders to achieve the highest value outcome for their clients. Goldin’s breadth of industry experience centers around its distinguished expertise in financial services, professional services, telecommunications, and technology. Goldin’s acquisition by Teneo will significantly expand the capabilities of Teneo’s global Capital Advisory business while enhancing the services available to both companies’ clients.
Harrison “Jay” Goldin, Founder and Senior Managing Director, commended the successful deal closure, saying, “Clearsight’s unique insight into the nuances of the professional services industry was instrumental to finding the right strategic partner for our firm. At every step of the process, we were impressed by the rigor and dedication shown by every member of the Clearsight team. It was clear to our team that Clearsight prioritized our process and we knew we could trust their counsel and advice on this important transaction. Clearsight was truly invested in finding the right partner for our firm and our clients.”
Joel Kallett, Managing Director and Co-founder of Clearsight remarked, “Jay and the entire Goldin team built a remarkable business with capabilities that set it apart from others in the Restructuring Advisory space. Given the current economic challenges in the United States and globally, we believe the combination of Teneo Capital with Goldin’s expertise, team and brand will create a well-positioned Restructuring Advisory leader poised to flourish in this environment. We are pleased that we were able to help further Goldin’s vision and identify the right strategic combination for both firms.”
Read this transaction’s joint press release at PRNewswire.com