KKR enters maritime finance

The firm also named a new chief operating officer, and a president and chief executive. Mr. Meyers was most recently managing director, co-head of global health-care investment banking at Deutsche Bank Securities Inc. NeoStem , a biopharmaceuticals developer based in New York, named Robert Dickey IV as its chief financial officer. He succeeds Larry May, who is shifting into the newly created role of vice president, strategic initiatives, according to a press release.

KKR said the new entity, Maritime Finance Co, would aim to bridge a financing gap caused by the turmoil in the European banking industry. Maritime Finance will be funded with $580 million in equity capital, of which 45 percent has come from KKR and its various entities. The new entity will be headed by Helios Advisors partners Kristan Bodden and Gabriel Tolchinsky. KKR also said it was buying a stake in RigNet Inc from investment firm Cubera, making it the company’s largest shareholder.

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