Cleary and Paul Weiss advise as Cushman & Wakefield sells for $2bn
US firms take on deal involving Fiat founders' family investment business Exor and property companies
May 12, 2015 at 09:57 AM
2 minute read
Cleary Gottlieb Steen & Hamilton and Paul Weiss have picked up mandates advising on investment company Exor's sale of its majority stake in real estate business Cushman & Wakefield for $2bn (£1.3bn).
Exor, the investment arm of Italy's Agnelli family – the founders of Fiat – will sell its stake to property agent DTZ.
Cleary is advising DTZ and the consortium of investors that owns DTZ, which includes private equity companies TPG Capital and PAG Asia Capital, and the Ontario Teachers' Pension Plan.
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