TPG-Led Consortium in Closing of Cassidy Turley Acquisition

December 31, 2014

Cleary Gottlieb is representing a consortium comprised of TPG, PAG Asia Capital and Ontario Teachers’ Pension Plan in connection with the acquisition of Cassidy Turley by an affiliate of DTZ Investment Holdings being backed by the consortium, which closed on December 31, 2014.

Cassidy Turley is a leading commercial real estate services provider with more than 4,000 professionals in more than 60 offices nationwide. On November 5, the consortium acquired DTZ, a leading global commercial real estate services provider, from UGL Limited. The consortium intends to combine the operations of Cassidy Turley and DTZ to create a global, full-service commercial real estate services company. The Cassidy Turley acquisition was announced on September 22, 2014, and the transaction closed on December 31, 2014.