TPG-Led Consortium in Closing of Cushman & Wakefield Acquisition
September 1, 2015
Cleary Gottlieb represented a consortium comprised of TPG, PAG Asia Capital and the Ontario Teachers’ Pension Plan in connection with the acquisition of Cushman & Wakefield by the consortium’s portfolio company, DTZ. The acquisition closed on September 1, 2015. The deal creates a combined real estate services company with more than 43,000 employees and annual revenue of more than $5 billion.
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, Cushman & Wakefield has 259 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.