Date:27/06/2005 URL: http://www.thehindubusinessline.com/2005/06/27/stories/2005062701970500.htm

Back Carlyle Group sets up new buyout team

Our Bureau

Mumbai , June 26

GLOBAL private equity firm The Carlyle Group has said that it has established a buyout team in India with three experienced professionals.

The firm has appointed Mr Rajeev Gupta, former Managing Director and Head of Investment Banking of DSP Merrill Lynch as Managing Director and Head of the Carlyle India buyout team.

Mr Raj Dugar, former Founding Director of Merlion India Fund, was appointed as Director and Mr Manoj Dengla Senior Associate, a release from the firm said.

The Carlyle India buyout team is part of Carlyle's Asia buyout group, which manages a $750-million Asia buyout fund.

Carlyle also has two dedicated Asia growth capital funds totalling $323 million. Carlyle now has seven investment professionals in India conducting buyout and growth capital investments.