CHICAGO--(BUSINESS WIRE)--Cushman & Wakefield plc (NYSE: CWK) announced today the commencement of a public offering of 16,500,000 ordinary shares by certain shareholders, including affiliates of TPG Global, LLC and Ontario Teachers’ Pension Plan. No ordinary shares are being sold by Cushman & Wakefield and Cushman & Wakefield will not receive any of the proceeds from the offering of shares by the selling shareholders. In addition, the selling shareholders expect to grant the underwriters a 30-day option to purchase up to an additional 2,475,000 ordinary shares.

Morgan Stanley, J.P. Morgan and Goldman Sachs & Co. LLC are serving as joint book-running managers and representatives of the underwriters for the offering. UBS Investment Bank, Citigroup, Barclays, BofA Merrill Lynch, Credit Suisse Securities (USA) LLC and William Blair & Company, L.L.C. will also serve as joint book-running managers for the offering. TPG Capital BD, LLC will serve as co-manager for the offering.

About Cushman & Wakefield plc

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in approximately 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.