Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Tuesday 6 April 2010
Dubai wealth fund buy-out head switches to Carlyle
Carlyle, the US-based private equity group, has poached Eric Kump, head of Dubai International Capital’s European private equity team, leaving the sovereign wealth fund with a troubled portfolio and lacking funds for new deals.
Mr Kump will on Tuesday be unveiled by Carlyle as a new managing director in its European buy-out team, only two years after the 39-year-old was hired by DIC from Merrill Lynch to bolster its London office.
The move is a blow for DIC, which has not completed a new European buy-out for more than two years, focusing instead on defending the €1.8bn ($2.4bn) it has invested in six deals since it was founded in late 2004, many of which are struggling.
No comments:
Post a Comment