Carlyle dismantling US consumer investing team - Bloomberg News By Reuters

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Carlyle dismantling US consumer investing team - Bloomberg News By Reuters
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Carlyle dismantling US consumer investing team - Bloomberg News

) is dismantling its U.S. consumer, media and retail investing team as it shifts focus to sectors such as healthcare and technology, Bloomberg News reported on Monday, citing people familiar with the matter.

Four dealmakers focused on the sectors the company is pulling back from were asked to leave in the past week, according to the report.Schwartz has been looking to cut back on expenses to improve the company's stock price, the Bloomberg report said.The reorganization would result in job changes or eliminations for about a dozen staff, the report said, adding the company would continue chasing such investments in Europe and Asia.

The company will also focus on government services, industrials and financial services, the report added.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.

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