Monday, April 29, 2013

Carousel Capital names new CFO

Charlotte-based private equity firm Carousel Capital said Monday that Robert L. Kreidler Jr. has joined the firm as chief financial officer.

Kriedler most recently served in the same role at Charlotte M&A advisory firm Fidus Partners. He's had a long career in the Charlotte capital markets business, also working with Edgeview Partners, Cambium Capital Management, Bowles Hollowell Conner & Co. and Wachovia Capital Markets.

“With the increasing complexity of our fund administration and regulatory reporting requirements, he will be a terrific asset to our organization," Carousel managing partner Bill Hobbs said in a statement.

Carousel announced the closing of its fourth fund, of $265.5 million, earlier this year. It's dedicated to buying Southeastern companies that focus on business services, consumer products and services and healthcare. In January, the firm said about 20 percent of it had been allocated in two investments.