TPG in Acquisition of DTZ
November 5, 2014
Cleary Gottlieb represented a consortium comprising TPG, OTPP and PAG in its acquisition of DTZ, the property services arm of UGL. DTZ is a global company in the integrated property services industry and serves the real estate needs of occupiers, developers, owners and investors worldwide through property management, leasing, research, consulting, data management and other property solutions. TPG, along with Ontario Teachers’ Pension Plan and PAG Asia Capital, agreed to purchase DTZ for approximately $1.1 billion. The share sale agreement and financing commitment papers were signed on June 14th, and the transaction closed on November 5, 2014.