Edscha, a German car parts company which the Carlyle Group bought from Deutsche Beteiligungs two years ago, has warned it will miss its €130m ($160m) earnings target for the current financial year.

Earnings growth has been stagnant, despite a significant rise in turnover, since Carlyle, the US buy-out group, bought the asset.

Nicholas Lockley

Carlyle Group

Deutsche Beteiligungs

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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https://images.fnlondon.com/im-14432569?size=1.5

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Carlyle's Edscha warns on profits

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