Savills Studley headquarters in New York City.
NEW YORK CITY—Savills Studley said Tuesday afternoon it had acquired advisory and investment firm RP Capital, led by industry veterans Michael Rotchford and David Heller. Deal terms were not disclosed. Rotchford will join Savills Studley as co-head of a new capital markets group with current executive managing director Woody Heller (no relation to David Heller).
In addition, Paul Leibowitz and David Krantz, formerly of CBRE, are also joining Savills Studley in its New York City headquarters as part of the new group. Rotchford and Woody Heller together will co-lead and expand the firm’s capital markets platform in New York City and the surrounding tri-state region.
“Capital markets is an important part of Savills’ business globally,” says Savills CEO Jeremy Helsby. “New York is a key component of helping Savills secure global capital flows for the benefit of our global clients.” Adds Michael Colacino, president of Savills Studley. “We believe that providing an integrated capital markets capability answers our clients’ demands for optimal unbiased solutions across the capital markets spectrum.”
The new capital markets group will offer a full complement of integrated capital market services including traditional investment sales; debt and equity capital raises; structured transactions; advisory assignments; and securities transactions. The group will handle all commercial asset types.
Before launching RP Capital in 2015, Rotchford served as EVP at Cushman & Wakefield and as president of Cushman & Wakefield Securities Inc., where he was responsible for the firm’s investment banking activities. Prior to that, he was a partner in the Saratoga Group, an investment-banking boutique that specialized in structured financing for corporate and real estate clients. Rotchford also served for over 10 years in investment banking positions at J.P. Morgan, Dean Witter Reynolds and Merrill Lynch.
The acquisition and new hires follow on Savills Studley’s significant expansion of its North American operations, highlighted by the establishment of several new offices across the US and the opening of the company’s first office in Canada. The firm has also acquired several key new hires and services lines across the country.