DTZ

In 1853 Debenham & Tewson was established in London. In 1913 it merged with Chinnock, Clarke & Chinnock to form Debenham, Tewson & Chinnocks. In 1987 Debenham, Tewson & Chinnocks was listed on the London Stock Exchange. In 1993 a joint venture was formed with Jean Thouard of France, and the Zadelhoff Group of Germany and the Netherlands, forming DTZ.[1]

In December 2011, parent company DTZ Holdings was placed into administration and its business entities were sold to UGL in order to repay £77.5m of an outstanding £106m debt owed to Royal Bank of Scotland and its shareholders equity was wiped out after a deal with its majority shareholder Saint George Participations and BNP Paribas Real Estate fell through.[2][3][4] the company was reportedly worth almost £500m around 2006.[3] The company was in financial difficulty after a spending spree prior to financial crisis buying Rockwood in the US and retail agent Donaldsons.[3]

In November 2014 DTZ was sold to a consortium of TPG Capital, PAG and the Ontario Teachers' Pension Plan.[5][6] On 1 September 2015 Cushman & Wakefield and DTZ merged with the DTZ brand retired.[7]

DTZ Investors continues as an entity of Cushman & Wakefield and operates as a full service vertically integrated real estate manager managing more than $17.8 billion of property.[8]