The big-shot private equity player, Carlyle Group, is shaking things up. Word on the street is, they’re scaling back their bets on American consumer-focused businesses, including media and retail. Instead, they’ve got their sights set on hotter sectors like tech and finance. This comes straight from someone in the know!
Breaking it down, Carlyle bigwigs, Sandra Horbach and Brian Bernasek, spilled the beans in an office memo. They were all, “Given the rough waters in the consumer sector, we gotta change course.” They added, “Tough calls, but hey, we gotta think about the big picture and where we’re headed!”
And, believe it or not, some folks are packing their bags. Yep, four deal-making experts, all from consumer and media niches, are waving Carlyle goodbye. But, don’t think Carlyle’s ducking out completely. They’re still all in on these sectors, but they’re scouting fresh opportunities overseas, like in Europe and Asia.
Let’s dish on their current American darlings – they’ve got stakes in the trendy beauty brand Beautycounter, the pet-loving Compana Pet Brands, and the guy-focused Every Man Jack. But, here’s the real tea: Carlyle’s game plan for the US now revolves around five big players – health, tech, big industry, finance, and Uncle Sam’s services.
For this financial leap, Carlyle’s put their trust in Will McMullan to co-pilot the finance division with Jim Burr. And for those techy dreams? Anna Tye’s taking the co-pilot seat beside Patrick McCarter, all while juggling her other co-head gig for growth investments. Talk about wearing many hats!
Oh, and in case you missed it, Bloomberg was the first to gossip about Carlyle’s latest moves. So, strap in folks, because it looks like Carlyle’s ready for a wild ride!