Gilbert + Tobin is advising a consortium led by U.S. private equity giant TPG Capital on its planned $1.14 billion acquisition of the property services division of Australian engineering company UGL Ltd.
TPG, along with Hong Kong-based private equity fund PAG and Ontario Teachers’ Pension Plan, are buying UGL’s DTZ unit, which offers real estate investment and property management services in 52 countries. The deal is expected to close in September.
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