IFIL, the investment vehicle of Italy's Agnelli family, has received approval from Italy's antitrust agency for the purchase of a 67.5% stake in Cushman & Wakefield, the world' largest privately-held real estate advisor, for EUR 430 mln. The acquisition was announced last December.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
