For $2 billion

The Agnelli Family Completes the Sale of Cushman & Wakefield to DTZ

Date:

The Agnelli Family Completes the Sale of Cushman & Wakefield to DTZ
Foto: Matthias Rhomberg . Los Agnelli cierran la venta de Cushman & Wakefield a DTZ

Author: Fórmate a Fondo

  1. Cushman & Wakefield and DTZ will now merge to create one of the world’s largest real estate services companies in a transaction that establishes a total enterprise value for Cushman & Wakefield of $2.042 billion
  2. The deal generates net proceeds of $ 1.278 billion in respect of EXOR’s 75% shareholding in Cushman & Wakefield, representing a capital gain for EXOR of approximately $ 722 million
  3. The buying company, DTZ, belongs to TPG Capital, PAG Asia Capital and Ontario Teachers' Pension Plan