Global buyout firm The Carlyle Group has promoted David Bluff to managing director and head of its buyout team in Australia and New Zealand, the firm said in a statement.
He will replace outgoing managing director Simon Moore, whose decision not to continue with Carlyle was announced in November last year.
Bluff was previously a director at the firm’s Sydney office and will continue to be based there. In his role as managing director, he will lead Carlyle’s team in Australia and expand its business in the region.
Bluff has 15 years of experience in private equity and corporate finance in Australia, Europe and the US. He joined Carlyle in 2008 and has been involved in notable transactions including private hospital provider Healthscope, logistics company Qube Holdings and equipment rental company Coates Hire.
Before joining Carlyle, Bluff was a manager for corporate finance and development at brewing and beverage company SABMilller and an associate at J.P. Morgan’s M&A teams in Australia and the UK.
“David is a proven leader with significant global expertise in private equity and corporate mergers and acquisitions as well as a deep understanding of the Australian and New Zealand markets,” X.D. Yang, managing director and co-head of the Carlyle Asia buyout team said. “Australasia is an important market for Carlyle and we expect to increase our rate of investment going forward.”
Carlyle’s Asia buyout team is currently investing out of its Carlyle Asia Partner IV, a 2013-vintage vehicle which raised $3.9 billion. Among its investments are Chinese real estate portal Soufun.com, investment holding company MicroPort, financial services company in PNB and Korean security monitoring company ADT Caps.
In total, Carlyle has invested more than $16.7 billion of equity in more than 220 transactions in the Asia Pacific region and close to $2 billion of equity in eight transactions in Australia as of 31 March.
The firm had recently appointed John Redett and AIG’s Brian Schreiber as co-heads of its financial services team following Olivier Sarkozy’s resignation in May, as reported by Private Equity International.