TPG Capital has agreed a $2bn deal to purchase Cushman & Wakefield from Exor SpA, the Agnelli family’s holding company.
C&W will be merged with DTZ, creating a global real estate services company with annual revenues of around $5.5bn. The merged entity will retain the C&W name.
The deal is expected to be completed in the final quarter of the year.
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The Independent, p. 51
