Carlyle Closes $7B European Buyout Fund

Sep 7 2007 | 9:57am ET

Global private equity firm the Carlyle Group has closed its third dedicated European buyout fund at $7 billion.

Carlyle Europe Partners III’s investments will be focused on the firm’s core sectors: aerospace, automotive and transportation, building materials, chemicals, consumer and retail, energy and power, healthcare, industrial, business services, and telecommunications and media.

“The European market is maturing and the investment environment has become more challenging,” said co-founder David Rubenstein. “However, there remain significant opportunities across the continent, and we will continue to apply our conservative philosophy and disciplined investment process in executing deals. Our focus on operational improvement and growing value in companies has delivered extraordinary returns for our investors through good times and bad.”

As of August 28, 2007, Carlyle manages 55 active funds with $75.6 billion in commitments.

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