TPG nears $1bn DTZ deal

Private equity firm close to buying UGL's property services business.

Private equity firm TPG is nearing a deal to buy DTZ for more than $1 billion and is considering a "significant role" in the real-estate services firm for Brett White, the former chief executive of CBRE Group, according to people familiar with the matter. 

The deal could be reached in coming days, the people said. DTZ, which operates in more than 50 countries, is a unit of Australian engineering company UGL (UGL).

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