Cushman & Wakefield and DTZ said Monday that they reached a definitive agreement to merge with DTZ’s parent company, TPG Capital, paying $2 billion to buy Cushman from majority owner Exor SpA, including the assumption of debt.
Brett White, formerly CEO of CBRE, will be chairman and CEO of the combined company. He says Cushman and DTZ have “remarkably complementary skills and reach in different geographies. Whether in New York, London or Shanghai, this will be a formidable combination.”
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