Key Points
Oct 2 (Reuters) - Private equity firm Carlyle Group (CG.O) plans to pull back from investing in U.S.-based consumer, media and retail companies as it looks to focus on other key sectors such as technology and financial services, according to a person familiar with the matter...
In a memo sent to employees, Carlyle's Americas private equity co-heads Sandra Horbach and Brian Bernasek said it had "decided to deemphasize Consumer, Media & Retail in the US as a go forward investment sector given the increasingly challenging investment trends in this space."..
In North America, Carlyle's active investments in the consumer sector include beauty brand Beautycounter, animal care and nutrition firm Compana Pet Brands, and men's personal care brand Every Man Jack...
Carlyle's private equity business will now focus its U.S. strategy around five key sectors - healthcare, technology, industrials, financial services, and government services...
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