Carlyle Names Silverstein Operating Executive in Consumer Group

Dec 5 2016 | 6:31pm ET

Global alternative asset manager Carlyle has named veteran consumer retail specialist Michael Silverstein as an operating executive consultant within the firm’s global consumer & retail group.

In his new role, Mr. Silverstein will provide strategic guidance to Carlyle professionals throughout the investment process and will advise portfolio company executives on management, operational, branding and growth strategies, the company said in a statement. He joins a group of 29 senior business executives – with an average of 40 years of experience – who help Carlyle invest wisely and create value across a range of industries. 

Silverstein is retiring at the end of this year from his position as senior partner and at Boston Consulting Group (BCG). He will continue to devote time to other roles outside of the firm, Carlyle said. 

Silverstein is an expert in consumer packaged goods and retail. He is the author of five books on consumers and has extensively studied the buying behavior of women, emerging market consumers and Millennials. He joined BCG in 1980 and has been snior partner since 1993. He has served in various capacities, including as head of the firm’s global consumer practice, its client service initiative, and the firm’s executive committee, During his career, Silverstein has advised the CEOs of multi-billion-dollar global companies and helped start and build BCG’s consumer practice, now its largest. 

“We are excited to work with Michael as we find, assess and execute investments in this dynamic space,” said Jay Sammons, head of Carlyle’s global consumer & retail group, in the statement. “Michael is a thought leader whose industry relationships, deep experience and thoughtful perspective will be enormously helpful to Carlyle.”

Since inception, Carlyle has invested approximately $12 billion of equity in 76 transactions in the consumer and retail space, including Dunkin’ Brands, philosophy, CVC, NBTY, Beats, Vogue and Acosta.

Carlyle was founded in 1987 by David Rubenstein, Bill Conway and Dan D’Aniello. The company managed $169 billion in in private equity holdings, credit assets, real estate and hedge funds across 125 funds and 177 fund of funds vehicles as of September 30, 2016.

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