Carlyle gears up for Germany

Michael Rogowski, president of the Federal Association of German Industries, is to become a member of Carlyle Europe Partners’ advisory board.

Michael Rogowski, president of the Federal Association of German Industries (BDI), has joined the advisory board of US private equity firm The Carlyle Group’s E1bn European buyout fund, Carlyle Europe Partners.


Rogowski, a veteran of the German industrial sector, is also vice-president of the Federation of Engineering Industries. Over the course of his career he has run businesses including communications and systems integration technologies and services provider SISCO in Frankfurt and paper manufacturer Voith.


Carlyle Europe Partners was launched in 1998 and now holds investments in 16 portfolio companies. These include four investments in Germany and Austria: Andritz, Honsel, Messer Eutectic Castolin Group and BERU.


Earlier this year, Carlyle was reported to be planning the launch of a new European buyout fund with a fundraising target of E3bn. Earlier this year its Europe Venture Fund, which had raised E732m, was trimmed back to E650m in light of lower valuations and fewer investment opportunities.


Rogowski's comes a week after the Washington-based buyout house announced that Louis Gerstner, the retiring chairman of computer hardware provider IBM, will become its chairman.  Gerstner is replacing Frank Carlucci, who joined Carlyle in 1989 as vice chairman and who will become chairman emeritus.


Gerstner joins a long list of high profile figures at Carlyle, including former US secretary of defence James Baker and John Major, the former UK prime minister.