Carlyle Group said July 28 that Allan M. Holt was named Chairman of US Buyout and Chairman of the Investment Committee for Carlyle’s US Buyout funds. Holt, a Managing Director, was previously co-head of the US Buyout team. Sandra J. Horbach, formerly Head of the Consumer & Retail team and an MD, is joining existing Co-head Peter J. Clare to lead Carlyle’s US Buyout business. Jay W. Sammons, a senior member of the Consumer & Retail team and an MD, succeeds Ms. Horbach.
Washington, DC – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced several senior personnel moves. Carlyle Managing Director and Co-head of the US Buyout team Allan M. Holt has become Chairman of US Buyout and Chairman of the Investment Committee for Carlyle’s US Buyout funds, newly created full-time positions. He is succeeded by Carlyle Managing Director Sandra J. Horbach, formerly Head of the Consumer & Retail team, who joins existing Co-head Peter J. Clare to lead Carlyle’s US Buyout business. Carlyle Managing Director Jay W. Sammons, a senior member of the Consumer & Retail team, succeeds Ms. Horbach. All of these changes are effective immediately.
Carlyle Co-CEO and Chief Investment Officer William E. Conway, Jr. said, “Carlyle’s greatest strength is the incredible breadth and depth of our global team. For 24 years, Allan Holt 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 LPs.” He added, “Sandra Horbach 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. Also, we are pleased that Jay Sammons, a 10-year veteran of the Consumer & Retail team, will succeed Sandra as Head of the group.”
Mr. Holt said, “I am confident that Pete and Sandra – who are seasoned investors and strong leaders – will maintain and strengthen US Buyout’s exceptional track record of success and innovation. I look forward to continuing to work with them.”
Mr. Clare said, “I am pleased to welcome Sandra as my Co-head of US Buyout. In her new role, all of our sector groups will benefit from her judgment, commitment to investment excellence and track record of success.”
Ms. Horbach said, “Our US Buyout team has a strong record of performance under the leadership of Allan and Pete. I am honored by this opportunity and eager to serve our investors in this important role. Jay Sammons is an accomplished investor and is well prepared to become the Head of Consumer & Retail. The team is in great hands.”
Mr. Holt joined Carlyle in 1992 and has been head of US Buyout for 14 years. Mr. Holt has extensive private equity investment experience, previously as head of Carlyle’s Global Aerospace, Defense, Technology and Business/Government Services team where he led many of Carlyle’s most successful investments. Prior to joining Carlyle he spent three and a half years with Avenir Group, Inc., an investment and advisory group. Mr. Holt was also previously with MCI Communications Corporation, where as Director of Planning and Budgets he managed a group responsible for the development, review and analysis of MCI’s multibillion-dollar financial operating and capital plans. Mr. Holt is a graduate of Rutgers University and earned his MBA from the University of California, Berkeley. Mr. Holt is currently a member of the Boards of Directors of several Carlyle portfolio companies, including HCR Manor Care Inc., NBTY, Inc., Ortho-Clinical Diagnostics and Veritas Technologies. Mr. Holt is Vice Chairman of the United States Holocaust Memorial Council and a Director of the Smithsonian National Air and Space Museum.
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, CVC Brasil Operadora e Agencia de Viagens S.A., Dunkin’ Brands, NBTY, philosophy and Vogue International. Prior to joining Carlyle, Ms. Horbach was a General Partner with Forstmann Little & Co. Ms. Horbach earned her M.B.A. from Stanford University and her B.A. from Wellesley College. Ms. Horbach currently serves as a director on the Boards of Acosta, Dunkin’ Brands, NBTY and CVC. She also serves as Chair of the Stanford University Graduate School of Business Advisory Council and is a Trustee at Rockefeller University.
Since joining Carlyle in 2006, Mr. Sammons has helped lead Carlyle’s investments in Beats Electronics, philosophy and Vogue International. Prior to joining Carlyle, Mr. Sammons was with Avista Capital Partners and DLJ Merchant Banking Partners in New York, and he began his career at JP Morgan. Mr. Sammons earned his M.B.A. from Harvard Business School and his B.S. with distinction from the University of North Carolina at Chapel Hill. He is a member of the Honors Advisory Board of the University of North Carolina at Chapel Hill and a member of Carlyle’s Diversity & Inclusion Council.
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About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $176 billion of assets under management across 127 funds and 164 fund of funds vehicles as of June 30, 2016. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, 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 Carlyle Group employs more than 1,650 people in 35 offices across six continents.