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CARLYLE ANNOUNCES THE ESTABLISHMENT OF CARLYLE INTERNATIONAL

 WASHINGTON, March 8 /PRNewswire/ -- The Carlyle Group, a Washington-based private merchant banking and investment firm, announced today the establishment of Carlyle International, a new international merchant banking company.
 Carlyle International will expand and direct the international merchant banking activities of Carlyle and develop a network of strategic partners throughout the world.
 Frank C. Carlucci, former secretary of defense and national security adviser, will serve as chairman of Carlyle International. Alton G. Keel Jr., former U.S. ambassador to NATO and deputy national security adviser, will serve as president of Carlyle International.
 Joining Keel as founding managing directors are: Basil Al-Rahim, formerly affiliated with the Xenel Group in Saudi Arabia and Gulf International Bank in Bahrain; David L. Brown, formerly a senior executive of Barnett Bank and Riggs National Bank; and Joel A. Ornstein, formerly of the Ruis Investment Group in France.
 "Carlyle International, as an affiliate of The Carlyle Group, will harness in one unit the growing international investment activities of Carlyle," said Keel. "The formation of Carlyle International is a needed response to the enormous demand in the U.S. and Europe for capital investment," Keel added.
 Carlyle International will principally focus its efforts on seeking international strategic partners and capital for investments in the United States, and on seeking attractive overseas investments for Carlyle and its strategic partners.
 Carlyle International, like Carlyle Group, will be based in Washington, but will initially also have offices in Paris and London. Additional offices in the Far East and Gulf Regions are planned next year.
 "Carlyle's core business is investing equity as a principal," Carlucci stressed. "That business is increasingly an international one, as capital flows across national borders in ways never imagined only a few years ago. With Carlyle International in place, Carlyle will be better able to respond to the globalization of investment activity," Carlucci said.
 The Carlyle Group is associated with the R.K. Mellon family of Pennsylvania and has controlling interests in companies with over 40,000 employees in 33 countries worldwide. These companies have a total capital value in excess of $2 billion, with 1992 revenues in excess of $4.2 billion.
 The firm has led numerous partnerships which have purchased major firms, including: Caterair International, the nation's largest airline caterer; BDM International, a defense-oriented consulting firm previously part of Ford Aerospace; Baker & Taylor, the nation's leading book distributor; CB Commercial, the nation's largest commercial real estate services company; the Electronics Division of General Dynamics; and the LTV Aircraft Division, purchased recently from LTV and now operating as Vought Aircraft Corporation.
 -0- 3/8/93
 /CONTACT: Dale Leibach, 202-434-8525, or Neal McGarity, 202-434-8571, both for the Carlyle Group/


CO: Carlyle Group ST: District of Columbia IN: FIN SU:

TW -- DC002 -- 3775 03/08/93 07:33 EST
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Publication:PR Newswire
Date:Mar 8, 1993
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