Represented Milbank Winthrop & Co., Inc. in connection with the sale of its assets to Silvercrest Asset Management Group LLC.
On November 1, 2011, Seward & Kissel client Milbank Winthrop & Co., Inc. (“Milbank”), a registered investment advisor that oversees approximately $500 million of assets under management, primarily on behalf of high-net-worth families, was sold to Silvercrest Asset Management Group LLC (“Silvercrest’). Silvercrest was founded in April 2002 as an independent, employee-owned registered investment advisor. With offices in New York, Boston and Charlottesville, Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors. The firm’s 85 employees currently manage nearly $10.5 billion of assets on a discretionary and non-discretionary basis. A Seward & Kissel team led by partners Craig Sklar, Pat Poglinco and Jim Cofer, counsel Michael O’Brien and including associates Jon Bobinger, Debra Franzese and Denise Mazzeo represented Milbank in connection with this transaction.