Regulation

Carlyle/Riverstone, less than two years after closing on $1.1bn in commitments for its second fund, has amassed $2.45bn for its follow up effort.

The Australian investment bank is reported to be close to agreeing the purchase of Taiwan Broadband Communications in a secondary buyout from Carlyle Group of the US.

The European private equity firm has reported realisations of £1.04 billion in the first six months of its financial year, almost double the £603 million realised in the same period of 2004.

According to figures presented at the AVCA’s annual conference in Mombasa earlier this week, VCs active in Africa invested $1.3bn last year, up 60% on 2003.

The Institutional Limited Partner Association has thrown its weight behind private equity reporting guidelines established by PEIGG.

Wal-Mart is dedicating $25m for a private equity fund that will invest in women- or minority-owned businesses. The launch of the new investment vehicle follows years of criticism aimed at the company’s diversity efforts.

Denver-based KRG Capital Partners has announced the acquisition of East Coast Fire Protection – the latest of a series of deals following the close of a new, $715m fund.

After a busted auction, New York-based Arsenal Capital Partners has acquired a controlling stake in specialty chemicals maker Reilly Industries, agreeing to a deal worth $250m.

Bain Capital is noticeably absent from Tenaska’s $838m energy fund, after the two sides had worked out a co-investment agreement in 2003.

Petri Myllyneva is to take over the running of EQT’s Finnish operation from Andreas Tallberg, who will remain a senior partner at the firm.