The Carlyle Group has appointed Allan Holt, the current Managing Director and Co-head of the US Buyout team as the firm’s new Chairman of US Buyout and Chairman of the Investment Committee for Carlyle’s US Buyout funds. These are newly created full-time positions.
Mr. Holt is succeeded by Carlyle Managing Director Sandra Horbach, formerly Head of the Consumer & Retail team, who joins existing Co-head Peter Clare to lead Carlyle’s US Buyout business. Carlyle Managing Director Jay Sammons, a senior member of the Consumer & Retail team, succeeds Ms. Horbach.
“Carlyle’s greatest strength is the incredible breadth and depth of our global team,” said Carlyle Co-CEO and Chief Investment Officer William Conway, Jr. “For 24 years, Allan has played an enormous role in the success of our flagship buyout operation. As Chairman of US Buyout, we will have the ongoing benefit of his experience as we continue to invest wisely and create value for our limited partners.”
Ms. Horbach joined Carlyle in 2005 to launch the Consumer & Retail team and has been actively involved in all of Carlyle’s US consumer investments, including Acosta Sales & Marketing, Beats Electronics, Dunkin’ Brands, NBTY, and Vogue International. Prior to joining Carlyle, Ms. Horbach was a General Partner with Forstmann Little & Co. She has an MBA from Stanford and a BA from Wellesley College.
“Sandra has proven herself time and again, generating significant value for our investors through her leadership of the Consumer & Retail team, which she created and built over the past 11 years,” added Mr. Conway.
Jay Sammons, who now becomes the Head of the Consumer & Retail team, joined Carlyle in 2006. Prior to joining Carlyle, he was with Avista Capital Partners and DLJ Merchant Banking Partners. He began his career at JP Morgan. Mr. Sammons earned his MBA from Harvard Business School and his BS from the University of North Carolina.
The Carlyle Group (NASDAQ: CG) invests in buyouts, growth capital, real estate and leveraged finance in Africa, Asia, Australia, Europe, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The firm employs approximately 1,650 people in 35 offices across six continents and is based in Washington, DC (www.carlyle.com).
© 2016 Private Equity Professional • 7-28-16
