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Warren Equity powers to $673m Fund III hard cap close less than two months after launch


Warren was launched six years ago by former Pegasus Advisors execs Steven Wacaster and Scott Bruckmann alongside former Royal Bank of Canada, Merrill Lynch and Morgan Stanley investment banker Henrik Dahlbeck.
Managing partner Wacaster said, “As a continuation of the strategy we executed in prior funds, WEP III will focus on investing in companies providing critical infrastructure solutions and partnering with talented management teams to build great companies.”
The Florida-based firm has made 14 platform investments since and 48 deals in total, targeting the industrial, infrastructure, and business services sectors
It has tapped Fund III to make two deals already, picking up telecom and utility infrastructure solutions provider ADB Companies and Magnolia River, a provider of tech-enabled underground infrastructure inspection services. ....

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Karnataka to import Remdesivir through short-term tender for Covid treatment


Karnataka to import Remdesivir through short-term tender for Covid treatment
Our Bureau
Bengaluru May 5 |
Updated on
May 05, 2021
People wait in a queue to take Covid swab test, in Bengaluru   -  PTI×
CM assigns pandemic management duties to senior Cabinet ministers
Karnataka has decided to import 5 lakh vials of Remdesivir by calling a short-term tender, to tackle the issue of drug shortage.
A decision to this effect was taken at the first meeting of the Covid Task Force, held on Tuesday, chaired by Karnataka Deputy Chief Minister Dr C N Ashwathanarayan.
The ministerial task force also decided to fulfil the demand of private hospitals to hike charges and has decided to increase the cost given to oxygenated beds by ₹1,000 per day, ICU bed without ventilator by ₹1,250 per day, and ICU bed with ventilator by ₹1,500 per day. The charges for non-critical care will remain the same at ₹5,200 per day. ....

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KKR brings in veteran Nuveen, TIAA investor Bell as managing director | AltAssets Private Equity News


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KKR has hired experienced Nuveen and TIAA investor William Bell as a managing director.
Bell spent more than eight years
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Cybersecurity specialist Acronis valued at more than $2.5bn thanks to CVC-led investment round


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CVC Capital has helped cybersecurity specialist Acronis to a valuation of more than $2.5bn through a new investment round.
The Singapore and Switzerland-based company aims to provide integrated, automated cyber protection to solve safety, accessibility, privacy, authenticity and security challenges.
Acronis said the $250m provided by CVC Capital Partners VII and other investors would be used to expand its product portfolio and its network of managed service providers.
CVC senior managing director Leif Lindbäck said, “Acronis’ talented management and R&D teams have invested significant resources developing an innovative cloud-native ‘MSP in a box’ solution, with integrated backup, disaster recovery, cybersecurity, remote management, and workflow tools. ....

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