TPG Capital, a private investment company is close to a $2 billion acquisition of global real estate service firm Cushman and Wakefield (C&W) from its owners Exor, as Bloomberg reported last week. This deal could mean the combination of C&W, the largest privately held real estate company globally with DTZ, a top three global commercial real estate services provider which TPG Capital acquired last year.

Though it was noted that an announcement could be made as early as this week, Bloomberg cautioned that discussions were continuing and there was no certainty of a deal being completed. If completed however, the deal could see the C&W and DTZ duo seriously rival CBRE and JLL, the top two global real estate service providers globally. 

Exor, which owns over 80% of C&W confirmed in it’s 2014 Annual Report (released last month) that they were evaluating options on the disposal of C&W, adding that multiple non-binding expressions of interest were received and due diligence by potential buyers was already ongoing.

Bloomberg, citing a person familiar with the matter noted that TPG Capital was competing against a range of other private-equity and strategic bidders.