Milbank, Tweed, Hadley & McCloy LLP has advised Cushman & Wakefield, a global leader in commercial real estate services, 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 square feet under management and $191 billion in transaction value.
Alexander M. Kaye, Practice Group Leader of Milbank’s Global Corporate Practice, and senior Corporate partner David E. 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 Marc Hanrahan, and associates Dean Sattler, Monica Arduini, Kelly Bartley and Joanne Luckey.
About Milbank
Milbank, Tweed, Hadley & McCloy is a leading international law firm that has been providing innovative legal solutions to clients throughout the world for nearly 150 years. Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC.
The firm’s lawyers provide a full range of legal services to the world’s leading commercial, financial and industrial enterprises, as well as to institutions, individuals and governments. Milbank’s lawyers meet the needs of its clients by offering a highly integrated and collaborative range of services across key practice groups throughout its global network. Milbank’s integrated practice is underpinned by its attorneys’ acknowledged technical excellence, sectorial experience and a strong tradition of innovation and client service.
