News & Analysis

The selection of John Koskinen to lead the seized mortgage giant brings to three the number of private equity pros asked this month to head up troubled financial services companies.

Valued by regulators at £1.8bn, the sale of the UK airport could fetch as much as £3bn for the Spanish airport investor. The announcement came less than a month after the UK’s Competition Commission published preliminary plans to force BAA to sell three of its seven airports.

A halt in share trading yesterday in Central and Eastern developer Orco has prompted the company to deny it has funding problems. It also blamed short sellers for the fall in its share price.

Indian real estate investment firm Trikona Capital is selling a third portfolio to a German fund manager with $21 billion under management.

The Connecticut-based investment management firm has appointed the former CBRE and GE professional as its new chief financial officer. Angerthal spent nine years with various GE units, including GE Real Estate and GE Capital Corp.

MatlinPatterson co-founder Mark Patterson yesterday characterised today's economy as the most troubled since the period following the US stock market crash in 1929. Operational concerns are now second to broader financial markets considerations when conducting due diligence, he said.

Littlejohn & Co has moved chief financial officer Deborah Jorde to head of investor relations and fund marketing, and has hired Kenneth Warren of Quadrangle to replace her.

The private investment firm has repurchased the 70-store retail company, which includes souvenir and Harvey Davidson stores in Las Vegas and Atlantic City, after previously acquiring the company just five years ago.

The Danish fund manager has appointed former Schroder fund of funds executive, Marko Multas, to help lead investments from its second global vehicle, Sparinvest Property Fund II. Asia will be a larger focus for the fund, prompting the firm to hire Redevco Asia's Dr. Robert Lie as an adviser.

The San Francisco-based private equity real estate firm has acquired a for-sale condominium complex in Northern Virginia and renamed the complex ‘Carmel Vienna’.