A consortium led by the U.S. private equity giant is buying the property services unit of Australian engineering company UGL for $1.1 billion.
June 16, 2014 at 02:17 AM
1 minute read
The original version of this story was published on Global Lawyer News
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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