IFIL has completed the purchase of a 71.52% stake in Cushman & Wakefield for EUR 474 mln. The company got approval from Italy's antitrust agency in mid-February to buy a stake in the world's largest privately-held real estate advisor. The acquisition was announced last December. IFIL is the investment company of the Italian Agnelli family, founders of carmaker Fiat.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
