DTZ and C&W finalize merger

Two of the worlds largest consulting companies, DTZ and Cushman & Wakefield have completed their merger. DTZ has purchased its competitor for $2 billion at the turn of April and May. As a result of the deal, a firm with combined revenues of over $5.5 billion and $191 billion in transaction value has been established. DTZ was supported by a consortium of investors including private equity company TPG, PAG Asia Capital, an alternative investment manager, as well as the Ontario Teachers' Pension Plan. C&W has announced that it will operate under the Cushman & Wakefield brand. The combined firm, led globally by Chairman and Chief Executive Officer Brett White and President Tod Lickerman, now operates in more than 60 countries around the world and hires 43,000 employees.