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DTZ and Cassidy Turley to merge to create global giant

Confirming rumours that have been circulating the US markets for several weeks, a group led by private-equity giant TPG Capital has agreed to acquire North American-based Cassidy Turley and combine it with its previous acquisition target DTZ to form what would be the world's third-largest property services firm, writes CoStar News US correspondent Randyl Drummer.
CoStar News
September 23, 2014 | 1:00 P.M.

Cassidy Turley agreed to sell the company to an affiliate of DTZ Investment Holdings, a consortium backed by TPG, PAG Asia Capital and Ontario Teachers’ Pension Plan, which struck a deal in June to acquire DTZ from Australia’s UGL for $1.15bn.

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