20 VIC Management ("20 VIC" or the "Company") has been acquired by Cushman & Wakefield ("Cushman" or "C&W"), which is owned by a private equity consortium of TPG Capital, PAG Asia Capital and the Ontario Teachers' Pension Plan.

Duff & Phelps served as exclusive financial advisor to the shareholders of 20 VIC and provided M&A advisory services in connection with the sale transaction.

About 20 VIC Management Inc.
20 VIC is one of Canada's leading commercial real estate management companies, providing high-level personalized service to an exclusive group of pension funds, private equity firms and high net worth investors. The Company provides fully integrated investment, advisory and property management services with a track record of executing sophisticated development programs across the country. Leveraging the expertise of their teams across Canada and national network of relationships, 20 VIC delivers tailored solutions that maximize their clients' investments and create long term value. Founded in 1995, 20 VIC currently manages a 20 million square foot portfolio with management offices across Canada. Davies Ward Phillips & Vineberg LLP served as legal counsel to 20 VIC.

About Cushman & Wakefield Inc.
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Their 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining its global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment and asset management (DTZ Investors), project and development services, tenant representation, and valuation and advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. Borden Ladner Gervais LLP served as legal Counsel to Cushman & Wakefield.