(Reuters) – U.S. private equity firm Carlyle Group [CYL.UL] has hired Eric Kump from Dubai International Capital (DIC) to join its European buyout team, Carlyle said in a statement on Tuesday.
Kump, who has more than 15 years of experience in the industry, has joined Carlyle Europe Partners (CEP) as a managing director for leveraged buyouts, the private equity firm said. At DIC, he headed the European private equity team.
Kump will be joining Carlyle’s “European buyout team at a time when the investment pace is picking up across the region,” said William Conway, co-founder and managing director of Carlyle Group.
DIC is the investment arm of Dubai Holding, the conglomerate owned by the emirate’s ruler. The investment firm made a large number of investments during the boom years, including buying a stake in UK bank HSBC (HSBA.L).
DIC was not immediately available for comment when contacted by Reuters.
The Financial Times earlier on Tuesday reported that Carlyle had hired Kump. (Reporting by Nicolas Parasie and Dinesh Nair, Editing by Thomas Atkins and Rupert Winchester)