Hack Software Investor Main Capital Partners plans to open a branch in the United States by the end of this year. The private equity firm wants to support its European portfolio companies in the North American market. This was stated by Bram Kashok, Managing Director, Market Intelligence, Maine, in an interview with Computable.
Is looking for a suitable location on the east coast of Main America, says Kashok. As Managing Director of Market Intelligence & Performance Excellence, he is responsible for a team of data scientists who provide market information to the investor. He also leads consultants who support Maine portfolio companies in their development projects.
Creating a local network
“East Coast is more practical for us than West Coast”
‘Our focus is on North America’, Says Kashok“Some of our portfolio companies are mature enough to want to expand them. Our outlook on the United States makes us more attractive to potential portfolio companies.” According to him, the US team should build a local network, gather the best practices and assist in market entry and acquisitions.
The investment company wants to be located on the US East Coast instead of the West Coast where many technology companies are located. ‘The East Coast is very practical for us. You can get there quickly, the time difference is small and the technology market is less crowded than the West Coast.
So far, Maine has focused on participating in IT companies in the Netherlands, the German-speaking region and Scandinavia. However, America’s focus has been in the air for some timeLast December, Textkernel, one of the Dutch flagship companies, took over its Texan rival Sovren. Both companies offer machine learning hiring tools.
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