US private equity firm Madison International Realty has appointed Matthias Cordier as head of investment for Germany.
Cordier (pictured) is currently part of the investment team based in Madison's Frankfurt office, which opened in 2002. He will be primarily responsible for sourcing, underwriting and executing the firm's equity transactions in Germany, Austria, Switzerland and parts of Southern Europe.
Since joining Madison in 2011, Cordier has worked in tandem with the European investment teams in New York and Frankfurt in executing European equity transactions. Prior to joining the company, from 2007-2011, he worked in Deutsche Bank’s European commercial real estate group, where he was involved in the execution of financings of office and retail transactions throughout Europe.
In a separate announcement, Madison said it has named managing directors Carey Flaherty and Derek Jacobson as co-chief investment officers.
Both Flaherty and Jacobson have been involved for over a decade in transaction underwriting, execution and asset management in Madison’s US and European markets. Their new title will allow them to expand their roles within the firm, as well as enhance market relationships, said Madison's founder and president Ronald Dickerman.
Flaherty joined Madison in 2003 and has held numerous positions across the firm’s platform, including oversight of Madison’s global portfolio and asset management function and US investments. Prior to joining Madison, he served in the real estate investment banking group at Deutsche Bank, where he analysed real estate private equity investments and structured debt products on behalf of the firm’s managed investment funds and third-party clients.
Jacobson, who joined Madison in 2004, has overseen Madison’s European investment activities as managing director, with responsibility for origination, underwriting and execution of transactions for the firm’s managed funds. Previously, he was a financial analyst in the acquisitions and underwriting group of Taurus Investment Holdings, an international real estate private equity firm.
With some $3.1 bn (€2.9 bn) of AUM, Madison provides joint venture and preferred equity capital for real estate owners and investors that are looking to delever their properties; seek an exit strategy; or where existing sponsors are seeking to sell a portion of their ownership position.
