NEW YORK CITY—GlobeSt.com is hearing—and numerous sources arereporting—that TPG Capital is in negotiations to buy CassidyTurley. No financial information was available at press time.
Rumors about Cassidy being up for sale have circulated for sometime. Cassidy Turley representatives declined to respond torequests for comment from GlobeSt.com by press time, while TPG didnot respond to those requests.
A merger between the two firms would give both entities globalreach. In a partnership with a group of institutional investors,TPG acquired DTZ, a property services firm and brokerage focused onEurope and Asia, for $1.2 billion earlier this summer.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
