Global buy-out giant The Carlyle Group is closing down its operations in CEE and winding down its new leveraged finance business in Asia, according to reports in LBO Wire and Financial News Online.
Carlyle established its CEE team only last summer, just as the credit crunch started. Managing director Ryszard Wojtkowski was recruited to lead the Warsaw-based office. He and his team are now expected to leave the firm.
The Carlyle Asia Leveraged Finance Group, established in spring 2007, recently hired David Balint as a director of the group, based in Sydney, and reporting to Eric R Mason, the group’s head. Again, all of the group’s staff are expected to leave Carlyle.
Carlyle has about $91.5 billion under management, according to the firm’s website.
D.C.