New York, NY – January 27 – Warburg Pincus, the pioneer of global growth investing, today announced the appointment of Mary Zappone as a Senior Advisor working with its Industrials group. In her role, Ms. Zappone will work with Warburg Pincus to identify and evaluate new investment opportunities across industrials sub-sectors and help drive value-creation at portfolio companies.

Ms. Zappone has more than 25 years of experience leading and growing industrial companies in sectors including Industrial Services, Chemicals, Energy Infrastructure, Industrial Manufacturing, Distribution and Equipment Rental. Most recently, she was CEO of Sundyne, a global leader in the design and manufacture of mission critical pumps & compressors. Warburg Pincus sold Sundyne to Honeywell in June 2025, following a five-year partnership. Ms. Zappone was previously the CEO and Board Member of Brace Industrial Group, a national provider of specialty industrial construction services. Prior to Brace, Ms. Zappone was the President and CEO of Service Champ, a specialty distributor of consumable automotive aftermarket maintenance parts and accessories. She also served as President and CEO of RecoverCare, a leading national provider of medical equipment and was President of Alcoa’s Oil & Gas products business. Earlier in her career, she held leadership positions at Tyco, General Electric, McKinsey & Company and Exxon.

“Mary demonstrated outstanding leadership at Sundyne, developing a world-class management team and delivering above-market growth. Our partnership is grounded in mutual respect and strategic alignment, making her appointment as Senior Advisor at Warburg Pincus a natural progression. We are excited to continue our partnership with Mary in support of additional platforms in our Industrials portfolio,” said Dan Zamlong, Managing Director, Warburg Pincus.

“Drawing on more than 25 years of leading and scaling industrial businesses, I see meaningful opportunities to help companies sharpen operating discipline, accelerate innovation in mission‑critical products, and deepen customer engagement. I’m energized by Warburg Pincus’ collaborative culture and growth orientation, and I look forward to partnering with management teams to unlock further value,” added Mary Zappone.

Warburg Pincus is an active investor in industrial products and services, with notable investments including CPP, Duravant, El Car Wash, FlavorSum, Infinite Electronics, iNRCORE, Park Place, Pregis, Triumph Group, TRC, Sundyne, and Uvex.

About Warburg Pincus

Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $100 billion in assets under management, and more than 215 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies.

The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.

Contact

Sarah Bloom, Director, Communications, Warburg Pincus

Sarah.bloom@warburgpincus.com

Kazuhiro Yamada appointed Chairman of Carlyle Japan alongside Co-Head responsibilities

Tokyo, Japan – 8 January 2026 – Global investment firm Carlyle (NASDAQ: CG) today announced leadership changes to strengthen its Japan business. Jumpei Ogura has been appointed Co-Head of the Carlyle Japan advisory team where he will work alongside existing Co-Heads Kazuhiro Yamada and Takaomi Tomioka in leading the firm’s Japan platform.

In addition, Mr. Yamada has been appointed Chairman of Carlyle Japan, taking on this expanded role while continuing as Co-Head through 2026 where he remains focused on sourcing and evaluating investment opportunities. Beginning in 2027, he will transition fully to the Chairman position, where he will focus on senior-level strategic engagement, institutional relationships, and governance while also continuously supporting the firm’s investment activities in the region. His transition ensures continuity while supporting the long-term strategic direction of the Japan platform.

These changes, effective 1 January 2026, represent the next step in Carlyle’s long-term succession plan in Japan and are designed to build on the team’s strong momentum and investment performance.

With 20 years of investment experience at Carlyle, Mr. Ogura has played a key role in several of the firm’s notable investments in Japan where he has led Technology, Media and Telecommunications coverage since 2020. These include ARUHI Corporation and Simplex Inc. as well as existing investments such as KANAMEL (formerly AOI TYO Holdings), Uzabase, Kaonavi and TRYT. His appointment to Co-Head reflects his strong leadership skills, proven track record, and commitment to the growth of Carlyle’s franchise in Japan. Prior to joining Carlyle, Mr. Ogura was an Associate Director at UBS Investment Bank Tokyo in the Financial Institutions Group. He received his BA from Keio University and completed the Stanford Executive Program at Stanford Graduate School of Business.

Jumpei Ogura, Co-Head of the Carlyle Japan advisory team, said: “I am honored to take on this leadership role alongside Yamada-san and Tomioka-san, who I have worked with for many years. Carlyle has a long and successful history in Japan, and I look forward to contributing further to the firm’s growth.”

Kazuhiro Yamada and Takaomi Tomioka, said: “We are delighted to appoint Jumpei to Co-Head. His elevation reflects the impressive track record he has built across two decades at Carlyle and position us well for the future. Japan remains a highly attractive market with increasing corporate carve-out, business succession, and delisting opportunities. Carlyle is fortunate to have a strong and experienced team that, together with the firm’s global capabilities, can deliver meaningful value to Japanese companies.”

Carlyle has invested more than 700 billion yen across over 40 Japanese companies since entering the market in 2000. In 2025, the firm celebrated the 25th anniversary of opening an office in Tokyo.

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About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and operates through three segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $474 billion of assets under management as of September 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,400 people in 27 offices across four continents. Further information is available at carlyle.com. Follow Carlyle on LinkedIn at The Carlyle Group and on X at @OneCarlyle.

Media contacts

Carlyle

Andrew Kenny
+44 7385 662334
andrew.kenny@carlyle.com

Kaede Haseda
+81 80 4209 1053
kaede.haseda@carlyle.com

Brunswick Group

Masato Ui
+81 80 6538 2109
carlylejp@brunswickgroup.com

International private equity firm Cinven today announces a leadership update, including changes to its management structure to support continued delivery of the firm’s strategic priorities in the years ahead.

Supraj Rajagopalan, Co-Managing Partner, and Alex Leslie, Chief Operating Officer and Chief Financial Officer, have decided to step down from their roles and will be leaving the firm. Bruno Schick and Jorge Quemada remain Cinven’s Co-Managing Partners, with Bruno continuing to lead the firm’s portfolio, value creation, and exit activities and Jorge leading its investment activity. The Co-Managing Partners are jointly responsible for the strategic direction and development of the firm in collaboration with the Executive Committee.

Alexandra Hess has been appointed President and, in addition to her role as Head of Investor Relations, has taken on responsibility for Strategic Initiatives. Maxim Crewe has been appointed Head of Countries and Sectors to oversee Cinven’s sector and regional matrix, a longstanding differentiator for the firm, and to maintain deep connectivity and impact across the platform. Cinven’s Partner and former CFO, Mike Colato, who is currently serving as Senior Advisor to the firm, will assume the role of COO / CFO on an interim basis. They will all report to the Co-Managing Partners.

The firm is also announcing an evolution of its Investment Committee (IC). Jorge Quemada will remain Chair of the IC, and Bruno Schick, Pontus Pettersson and Thomas Railhac, who currently serve on the bench, will all become permanent IC members, alongside David Barker. These appointments broaden the senior leadership group contributing to our investment decision-making at a time of strong momentum in capital deployment.

In addition, Stuart McAlpine will be transitioning to the role of Chairman Emeritus, following two years as Chair since stepping down as Managing Partner. In this capacity, Stuart will continue to provide counsel and strategic insight to the firm.

Bruno Schick and Jorge Quemada commented:

“We thank Supraj and Alex for their dedication and valued contributions to Cinven, our people, portfolio and investors over the last two decades. We fully respect their decision to step down from the firm.

“The additional responsibilities being taken on by Alex Hess, Maxim, Pontus and Thomas will further strengthen the firm’s management structure and demonstrate the depth of our established leadership bench. We look forward to working closely with them and the wider partner group to continue advancing our strategic priorities.
“These changes come at a time of strong momentum for Cinven, as the firm continues to deploy capital across a range of attractive investments in Europe and the US, deepens its sector and geographic capabilities, and supports portfolio companies in delivering sustainable value. Since January 2024 Cinven has delivered c. €12 billion of realisations while investing more than €6 billion into high-quality businesses. We look forward to carrying this strong momentum into 2026 and beyond.”

Elysian Capital, the leading UK lower mid-market Private Equity house, has announced a change in the leadership of the firm in a long-planned succession process to be implemented from 1st January 2026.

Ken Terry, founder of Elysian Capital in 2007, will be moving to Chairman of Elysian Capital LLP and will retain his existing portfolio responsibilities at BXT Accelyon, Mergon and Wholebake. Mark Puttick has been appointed CEO of Elysian Capital from 1st January 2026 with responsibility for the day-to-day operations of the firm. This move allows Mark to be firmly in place ahead of the commencement of fundraising for Fund IV and provides a solid foundation for the continued success and growth of Elysian.

Ken will remain Chairman of the Elysian Investment Committee and will also retain joint responsibility with Mark Puttick for the fundraising of Elysian Capital IV LP to be launched in Q4 2026.

Mark Puttick joined Elysian in 2017 and has been a partner since 2022. Mark has been instrumental in sourcing, leading and managing some very successful Elysian investments including Activate Group, Gravity Global, Kinetic Solutions Group and Aspirations Care.

Ken Terry said, “After nearly 40 years in private equity at Doughty Hanson and now Elysian, I am aware that succession is something that private equity firms often do really badly. At Elysian, Mark and I have been working closely on our future plans for the last 2-3 years. We care intensely about Elysian, the people who work here, our investors and the companies that we partner with, and getting this right is extremely important. I am happy to hand over day to day control to Mark while staying intimately involved as Chairman, and we are excited about this next chapter of Elysian’s continued success”.

Mark Puttick said, “It is a real privilege to be part of the Elysian team, and I am grateful to Ken and my colleagues for the opportunity to become CEO as we prepare for Fund IV. I am passionate about our mission to be the best partner to entrepreneurial management teams seeking transformational growth. I have the pleasure of working with an extremely talented team at Elysian and I believe the way we combine our different skillsets and domain expertise gives us something truly unique to offer to our management teams and our investors. The opportunity for us in the lower mid-market is compelling and we are excited about Fund IV and beyond”.

Elysian Capital is just completing investing its third Fund (£325m) and is set to raise a similar amount later in Q4 2026.