Costa joins CR Financial Solutions (CRFS) as an associate director, based in CR’s London office, and will be responsible for expanding the firm’s debt and equity origination, as well as underwriting and distribution of performing and non-performing loans.
CRFS offers a range of financial advisory services encompassing: financial reporting and corporate management, including debt and equity warehousing solutions; management and reporting; debt advisory, including restructuring and enforcement; and debt and equity origination, including underwriting and distribution.
CRFS provides this expertise across Europe and across its focus sectors of real-estate, shipping and infrastructure.
Costa brings 10 years of deal management and transaction experience to the group. At Lloyds, Costa was responsible for providing case management and strategic advice to distressed exposures arising from the bank’s legacy and inherited debt and equity positions.
He also managed a number of the bank’s largest exposures and played a key role in recent portfolio de-leveraging initiatives. Prior to Lloyds, Costa worked at Anglo Irish Bank, where he was responsible for a significant portfolio of asset-backed and project finance exposures.
Alex Rowbottom, director of CR Investment Management, said in a prepared statement: “As markets have developed over recent years, CR amalgamated a number of related financial solutions advisory functions into a single, formally established financial solutions business (CRFS).
“The CRFS team, working alongside our extensive team of asset specialists across Europe, has already won a number of significant mandates, having underwritten in excess of €12bn of loans in the last 12 months alone.
“We are delighted to welcome Andreas to the team. He brings extensive experience in both structuring and restructuring, as well as in origination, and his joining will further strengthen our offering.”
At the turn of the month, CR announced it was separately mandated to asset manage and sell two Germany real estate portfolios comprised of 20 assets currently valued at just over €115m.
Hatfield Philips International (HPI) appointed CR to sell a 12-strong portfolio of Deutsche Telekom offices throughout secondary locations in Germany and is the collateral for the DT 12 Loan, which forms part of the legacy €739m Talisman 4 Finance CMBS issued by ABN Amro in August 2006.
Separately, Royal Bank of Scotland has appointed CR to asset manage and sell an eight-strong predominantly retail property portfolio, following the bank’s enforcement over a legacy defaulted loan.
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