Carlyle hires former J&J China executive

The private equity firm is the latest to bulk up in healthcare deal-making by hiring Jesse Wu as an adviser to buyouts.

The Carlyle Group said on Tuesday it had hired former Johnson Johnson China chairman Jesse Wu to boost its ability to seal deals in China’s fast-growing healthcare industry.

Previously the first local chairman of the US pharma giant's China operation, Wu will now advise the Washington-headquartered private equity firm on potential buyouts in China, drawing on his 30 years’ of experience in healthcare and related sectors.

The hire comes at a time when the healthcare industry is growing quickly in China and other venture capital and private equity firms are looking to get in at the ground floor in sectors such as biotech.

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