Australia-based Simon Moore to leave Carlyle - report

According to The Australian Financial Review, Moore will stay until the middle of next year and continue to oversee the Fund II investment in equipment-leasing business Coates Hire. A Carlyle spokesperson was unavailable to comment on the situation.

Moore joined Carlyle in 2005 from Investcorp International. He led the acquisition of Coates alongside National Hire Group in 2007 in a A$2.2 billion (then $1.9 billion) deal. After plans for an IPO were abandoned they appointed investment banks to assess sale options in late 2012 but subsequently decided to hold on to the asset and refinanced the debt.

He remains a non-executive director of Healthscope, which Carlyle and TPG bought in 2010 and re-listed last year. The private equity firms completed their exit last week. Moore is also an alternate director at Qube Logistics, in which Carlyle bought a 15% stake in 2011.

If Moore's departure is confirmed, it will be the third significant senior management change - completed or pending - at a global private equity firm in Australia this year. KKR's Australia head Justin Reizes retired earlier this year and it was subsequently announced that Ben Gray, managing partner at TPG, would set up his own PE firm once his current employer's latest fund is fully invested.

Carlyle launched its fourth pan-Asian buyout fund in 2012 and reached a final close of $3.9 billion in September 2014.

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