The Carlyle Group Partners with Former Domino’s CEO Patrick Doyle
September 04 2019 - 7:15AM
The Carlyle Group (NASDAQ: CG) today announced a partnership
with Patrick Doyle, the former Domino’s Pizza President
& CEO, to acquire established companies that have the
opportunity for value creation and revenue growth through
technological transformation.
The partnership will initially focus on public and private
companies with established brands, proven business models and an
enterprise value of up to $10 billion, as well as family businesses
that can benefit from Carlyle’s resources and expertise. Carlyle
and Mr. Doyle will source opportunities internationally across
sectors, and will initially put an emphasis on the consumer and
retail sectors in North America and Europe.
As an Executive Partner, Mr. Doyle is working with Jay Sammons,
Carlyle’s Head of Global Consumer, Media & Retail. The two
bring a unique view and focus on the convergence of consumer
products, retail channels and forms of media that influence
consumer behavior. Together they will leverage the
resources of Carlyle’s global investment platform and deep
expertise across industries. Additionally, Patrick will contribute
personal capital to each acquisition.
“Patrick Doyle has a proven track record in
driving revenue growth, brand recognition and shareholder returns
through technological transformation,” said Kewsong Lee,
Carlyle Co-Chief Executive Officer. “We see untapped
opportunity to work with established, proven businesses
who want to do the same.”
Mr. Doyle said, “Carlyle was the natural partner for this
initiative, given their extensive global investment resources,
unparalleled private equity expertise and holistic approach to
value creation. Carlyle has a team of exceptionally talented people
who recognize the opportunity to drive growth in companies through
technology and advanced analytics. We believe this partnership will
deliver meaningful returns and are eager to engage with companies
that fit the strategy.”
“We are looking for established companies that consider
technological and digital improvement a top priority but haven’t
yet had the adequate resources or expertise to pursue this
evolution of their businesses,” said Sammons. “These companies will
be our partners, working collaboratively to identify and harness
the greatest opportunities, and then implementing the right teams,
structures and systems to evolve their businesses and ultimately
drive growth and value creation.”
Mr. Doyle, age 56, served as CEO and President of Domino’s for
almost a decade and joined the company in 1997. During his tenure
as CEO, he transformed the brand by investing heavily in digital
technology and prioritizing both consumer experience and
shareholder return. Under his leadership, the company generated one
of the highest shareholder returns in the market; he increased its
share price more than 2,100% while returning $3.4 billion to
shareholders. The company also doubled its market share to become
the top pizza company in the world based on global retail sales. He
serves as the Lead Director on the board for Best Buy Co., Inc. and
has served on the board of G&K Services, Inc. and Business
Leaders for Michigan. He holds an MBA from the University of
Chicago and an economics degree from the University of
Michigan.
* * * * *
About The Carlyle Group The Carlyle
Group (NASDAQ: CG) is a global investment firm with deep industry
expertise that deploys private capital across four business
segments: Corporate Private Equity, Real Assets, Global Credit and
Investment Solutions. With $223 billion of assets under management
as of June 30, 2019, 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. The Carlyle Group
employs more than 1,775 people in 33 offices across six
continents.
Contacts
Leigh Farris
+1 (212) 813 4815
leigh.farris@carlyle.com
Brittany Berliner
+1 (212) 813 4839
brittany.berliner@carlyle.com
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