Milbank Tweed Hadley & McCloy partner Tim Emmerson has closed his first major deal since his high profile move from Freshfields Bruckhaus Deringer last year, advising Allied Domecq on the proposed £1bn flotation of Britvic.

Emmerson was called into advise Allied, which along with Whitbread has a 25% share in Britvic majority owner Britannia Soft Drinks, alongside Linklaters, which was representing