TPG, PAG consortium finalizes acquisition of Australia's DTZ
TPG Capital and PAG Asia Capital, together with co-investor Ontario Teachers' Pension Plan (OTPP), have completed their acquisition of DTZ, the property services arm of Australia-listed UGL, for an enterprise valuation of A$1.215 billion ($1.2 billion).
In a statement UGL said the net proceeds from the sale are expected to be in the range of $1.0-1.05 billion, depending on the finalization of transaction costs and other sale adjustments. UGL bought...
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