ASIA-PACIFIC

摘要

US private equity sponsor TPG Capital is proceeding with a term loan B financing in the US to fund the acquisition of global real estate services firm dtz, despite the current market volatility. The deal is well advanced and likely to launch later in September. UBS is leading the first-lien tranche and Bank of America Merrill Lynch is leading the second-lien tranche. Citigroup, Credit Agricole, Credit Suisse, HSBC and Mizuho Bank are also underwriters. The deal includes a revolving credit tranche, in addition to the senior and junior tranches. The debt-to-Ebitda multiple is more than six. Australian engineering and property management firm UGL sold DTZ for A$1.215bn to TPG and bid partners PAG Asia Capital and Ontario Teachers Pension Plan.