Carlyle Asia Partners Deepens Commitment to Asia with Three Senior Promotions

Mumbai, January 19, 2010 – Global private equity firm The Carlyle Group announced today that it has promoted three Carlyle Asia Partners (CAP) investment professionals to senior positions: two to Managing Director and one to Director. The appointments further strengthen CAP’s unparalleled commitment of senior management talent to Asia, and also reflect an increasing focus on capturing opportunities in Greater China, India and Southeast Asia.

Alex Ying, based in Hong Kong, has been appointed Managing Director with a focus on investments in Taiwan. He has been actively involved in a number of Carlyle’s investments in Taiwan in recent years. Anand Balasubrahmanyan, based in Singapore, has been appointed Managing Director and is responsible for CAP’s investments in Southeast Asia. Manoj Dengla has been promoted to Director within the Mumbai office.

“Over the past decade CAP has established one of the most experienced and most local teams in the region, with more than 40 investment professionals. We are committed to Asia and see growing opportunities in many Asian markets, including Greater China, India, and Southeast Asia. With these appointments of talented local professionals, we believe that we are fully prepared to take advantage of opportunities in each of these markets,” said X.D. Yang, Managing Director and Co-Head of Carlyle Asia Partners.

Carlyle Asia Partners (CAP) is one of the largest and most active private equity investors in Asia ex-Japan with investment professionals based out of six offices – Hong Kong, Shanghai, Mumbai, Seoul, Sydney and Singapore. Leveraging its deep local presence, CAP makes large control and strategic minority investments in Greater China, India, Korea, Australia and Southeast Asia. The team possesses one of the best track records among private equity firms, as evidenced in the winning of key Asian awards: The Best Private Equity Firm in 2009 (The Asset), The Best Private Equity Firm in 2006 (FinanceAsia) and The Best Private Equity House in 2006 (The Asset).