Carlyle closes leveraged finance business in Asia

Seven bankers, including Eric Mason, are laid off by the private equity firm as its leveraged finance practice becomes the latest casualty of the poor credit markets.

Private equity firm The Carlyle Group has shut down its Asia leveraged finance group and retrenched seven bankers, including managing director and group head Eric Mason.

Carlyle set up a dedicated group, Carlyle Asia leveraged finance CALF, in mid-2007 and poached Eric Mason from J.P. Morgan to head the effort. Mason was co-head of syndicated and leveraged finance for the US investment bank based in Hong Kong. He had more than 15 years of experience in Asia and is...

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