Newly-formed private equity investment firm Weld North announced today that Steven Berger will be joining the firm as vice chairman and chief financial officer.
Weld North, which was founded by former Kaplan, Inc. CEO Jonathan Grayer in partnership with Kohlberg Kravis Roberts & Co., will identify acquisition opportunities and strategically invest in and operate a variety of businesses in the consumer services, education, media, personal services and marketing sectors, among others.
“I could not be more pleased to have Steve join me at Weld North,” said Grayer. “With Steve’s strong track record of creating long term value in companies across a variety of sectors, he will be a great asset to our business.”
Berger added, “I am very excited about the substantial opportunity in front of us and, with the support of KKR, to build a unique, industry leading firm well positioned to acquire, operate and expand consumer services companies in today’s environment.”
Berger began his career at Lehman Brothers, where he spent over 15 years. Since 1998, Berger has concentrated on growth company investing, most recently, as a founding partner of Richmond Park Partners, a London-based merchant banking firm.