Private Equity Consortium Buys DTZ
Four months after Sydney-based UGL indicated they were interested in selling property services company DTZ comes news that the transaction is now done—a private equity consortium led by TPG Capital, PAG Asia Capital, and the Ontario Teachers’ Pension Plan for $1.24B. Global CEO Tod Lickerman calls it a strategic move allowing the company to become private and stand-alone with the backing of some of the world’s top financial investors. The transaction should be finalized by the end of this September. More on this, and how it impacts DTZ locally, in the coming weeks. In the image are DTZ's Vancouver offices on West Georgia St.