DTZ Buys Cushman & Wakefield for $US2b

Private equity-owned DTZ Group has bought rival property services company Cushman & Wakefield for $US2 billion ($2.5 billion), including cash and liabilities, to create the world’s second largest commercial property services firm in terms of revenue. The combined firm, to be known as Cushman & Wakefield, will have revenues of over $US5.7 billion, and 43,000 employees, becoming…