Carlyle has appointed UK-based Glenn Youngkin as its head of global industrial opportunities. Youngkin had previously led the UK buyout team but will now split his time between London and the US. The move follows a refocusing of the firm on its primary sectors by global rather than regional teams.
Carlyle recently hired Sandra Horbach to lead its consumer division from the US, and this division has signed up ex-PepsiCo boss Nish Kankiwala with an eye to bid for Cadbury Schweppes’ European drinks business; and recruited Karen Bechtel to work alongside Bob Dahl in healthcare. James Attwood, meanwhile, leads the telecoms division; Peter Clare runs aerospace; and Greg Ledford will handle automotives.
The sector heads are part of 52 investment staff in the US under managing directors Allan Holt and Daniel Akerson and 35 in Europe managed by Jean-Pierre Millet, while Carlyle has further offices in Asia.
The firm recently closed its fourth US fund at US$7.85bn while its second pan-European fund closed at €2.2bn (US$2.74bn). The firm currently has US$25bn under management in total.