TPG has held early stage discussions with investment bankers over a prospective listing of Cushman & Wakefield.
According to Bloomberg the listing, most likely in New York, could take place as early as the third quarter of this year or early next year.
TPG bought DTZ in 2014 alongside Ontario Teachers’ Pension Plan and PAG Asia Capital from Australian firm UGL. The following year the firm acquired Cushman & Wakefield and the businesses were merged as part of a $2bn deal.