Ex-Carlyle executives launch PrimeStone Capital

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boardThree former partners at private equity major Carlyle, Franck Falezan, Benoît Colas and Jean-Pierre Millet, have launched activist investment firm PrimeStone Capital.

The firm was incorporated in London in March this year, said Dow Jones.

In 2013 it was reported that Falezan and Colas, who led Carlyle’s buyout strategy in France, were set to depart in May this year.

Carlyle is currently raising its fourth European fund, which hit a third close of €500m in January.

Carlyle reached a first close for the fund in the second half of 2013 and the size of its most recent close is unclear, but a person close to the matter said that it was between €500m and €1bn, according to a Dow Jones report.

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