The Carlyle Group Builds European Leveraged Finance Team; CELF Team Now 10 strong under Mike Ramsay's Leadership; $1.1 Billion Under Management Across Two Funds

London – Global private equity firm The Carlyle Group today announces that it has further built its European Leveraged Finance team, with two new additions to the credit team. Martin Glavin joins today as an Associate Director and Louis Reynolds joined the team in late 2005 as Associate Director.

Carlyle launched its European Leveraged Finance team in September 2004, and it is now a team of ten, spearheaded by Mike Ramsay, Managing Director. The credit team has five dedicated credit analysts, and comprises Nilesh Desai, Stuart MacKenzie, Martin Glavin, and Louis Reynolds and is led by Colin Atkins, Director.

Martin Glavin joins Carlyle from Prudential M&Amp;G where he was a Manager in the Leveraged Finance team where he analysed debt facilities and was responsible for monitoring a portfolio of leveraged finance investments. Prior to this he was on the Prudential M&Amp;G graduate training scheme. Martin holds a BA (Hons) in Economics from the University of Cambridge and is a CFA Charterholder.

Louis Reynolds joined the team in September 2005 from GE where he was an Associate Director and monitored and evaluated leveraged transactions in both the primary and secondary markets. Prior to that, he worked at Abbey National Treasury Services. Louis holds a BSc (Hons) in Economics and Finance and an MSc (Hons) in Project Analysis, Finance and Investment, both from the University of York.

Carlyle has two collateralised loan obligations under management in Europe, CELF Loan Partners B.V a €450m CLO which closed in April 2005 and CELF Loan Partners II PLC, a €475m CLO which closed in November 2005. The funds are invested predominantly in Euro-denominated senior secured and mezzanine leveraged loans.

Mike Ramsay, Managing Director said, "I am delighted that Louis and Martin have joined us, and that we have been able to continue to build our team with experienced and well known professionals. With five dedicated and experienced credit analysts and a strong structuring and management team, we are well positioned to cover the growing European leveraged finance market. We had a very busy year in 2005 launching and investing two CLOs and I believe there is excellent opportunity for further growth in 2006."

In addition to the credit team, the London CELF team is composed of Caroline Goldsmith, Director, whose focus is the structuring and documentation of the team’s funds and is supported by Robert Pike, Sarah Pothitos and Hannah MacDonald who assist in the management of the funds.

Globally, Carlyle now has 12 funds in the leveraged finance team totaling over $5 billion.