Carlyle Group, the global private equity firm, has appointed Heiner Rutt as a new managing director heading up the firm's buy-out operations in Germany.

He will be based in the firm's Munich office, where he will manage a 12-strong team, the firm's largest Europe-based buy-out team. Rutt will also be a co-head of Carlyle's €1bn ($930,390) European buy-out fund that invests in mid to large-sized corporate and family-run businesses. About 40% of the buy-out fund is invested in the German-speaking market.

Carlyle hires Rutt to take over German office

Yasmine Chinwala

Carlyle Group

Candover

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