PraxisIFM Group and Oak Group have announced that negotiations are underway to combine their global businesses.

Heads of terms have been entered into, which enable both companies to start formal negotiations. The combined group, whose name has yet to be announced, would have offices in 17 jurisdictions and a headcount of more than 700 people. Upon completion of the deal, senior leaders from both businesses will form the new combined management team and be headquartered in Gue...