Confirming rumors and reports that have been floating around the industry for several weeks, a group led by private-equity giant TPG Capital has agreed to acquire U.S.-based Cassidy Turley and combine it with its previously acquisition target DTZ to form what could become the world’s third-largest CRE services company.

Cassidy Turley agreed to sell the company to an affiliate of DTZ Investment Holdings, a consortium backed by TPG, PAG Asia Capital…

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