The Real Deal New York

TPG Capital in talks to acquire Cassidy Turley

Agreement would turn commercial brokerage into new international research services company

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

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

  • Jake

    interesting since David Bonderman sits on CoStar’s board.