Carlyle sets up financial services buyout fund

According to Reuters, one of the potential suitors that participated in the auction by Regions Financial Corp. of its Memphis-based unit, Morgan Keegan & Co. Inc., has set up … a new global financial services buyout fund.

The Carlyle Global Financial Services Partners II will fundraise for more than a year.

Fun tidbit: Carlyle’s financial services group is headed by Olivier Sarkozy, the half-brother of French president Nicholas Sarkozy, according to Reuters.

If I had to guess, though, I don’t think Carlyle will be answering “oui” to the question of whether they’d like to buy a certain Memphis investment bank.

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Dansette

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