Milbank advises Cushman & Wakefield in merger with DTZ
NEW YORK, NY — Milbank, Tweed, Hadley & McCloy LLP has advised Cushman & Wakefield in the successful completion of its merger with DTZ, a real estate concern backed by private equity firm TPG Capital, forming one of the largest commercial real estate services firms in the world.
The merger creates a global real estate powerhouse with combined revenues of $5 billion, 43,000 employees, more than 4.3 billion s/f under management and $191 billion in transaction value. Alexander Kaye, practice group leader of Milbank’s Global Corporate Practice, and senior corporate partner David Zeltner led the deal team on behalf of Cushman & Wakefield, a legendary 98-year-old name in New York real estate that provides property brokerage, management and investment services worldwide.
Other attorneys working on the transaction included partner Mike Shah, who handled employment, compensation and benefits, banking partner Mark Hanrahan, and associates Dean Sattler, Monica Arduini, Kelly Bartley and Joanne Luckey.