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TPG Capital in talks to acquire Cassidy Turley

Agreement would turn commercial brokerage into new international research services company

From left: Cassidy Turley president Peter Hennessy and managing principal Joseph Swingle and TPG Capital co-founders David Bonderman, James Coulter and Bill Price III
From left: Cassidy Turley president Peter Hennessy and managing principal Joseph Swingle and TPG Capital co-founders David Bonderman, James Coulter and Bill Price III

Commercial real estate firm Cassidy Turley has reportedly entered acquisition talks with Texas-based private equity firm TPG Capital.

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No deal has been finalized and the discussions could end before such an agreement is reached, sources told Crain’s. The tie-up would see TPG Capital buy Cassidy Turley and potentially form a new international research services company by wedding it to DTZ, a firm under TPG’s management, according to the website.

TPG Capital, along with a group of institutional investors, purchased DTZ, which focuses on the European and Asian property markets, in June for $1.2 billion. [Crain’s] – Tom DiChristopher

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Cassidy TurleyPrivate EquityTPG Capital