Cezary Podkul

Carlyle and a group of local investors still own 100 percent of the equity of Hawaiian Telecom. A Carlyle-led consortium bought the company’s predecessor from Verizon Communications in 2005 for an enterprise value of $1.6bn.

The private equity firm has seen WaMu shares tumble 95 percent since its original $2bn investment in April and has waived its right to price reset provisions, seen as a necessary measure for WaMu to avoid bankruptcy and for TPG's investment to retain any value going forward.

Valued by regulators at £1.8bn, the sale of the UK airport could fetch as much as £3bn for the Spanish airport investor, though much of the proceeds may go toward servicing existing debt. The announcement came less than a month after the UK’s Competition Commission published preliminary plans to force BAA to sell three of its seven airports.

The firms are among six private equity investors that have participated in SolarReserve’s secong round of financing.

The resignation of Phil Green as a non-executive director comes less than a month after he resigned his position as the firm’s CEO. The change comes amid ongoing strategic review and restructuring at the Australian infrastructure specialist.

Described by a former coworker as 'the relationship guy', Richard Klapow has left Macquarie Capital’s advisory arm in New York to join Alinda Capital Partners as a managing director, marking the third recent senior executive departure at Macquarie.

The US-based infrastructure fund has also completed its first deal, with the purchase of a $363m stake in Florida-based Global Tower Partners from another Macquarie-managed infrastructure fund.

As the US insurance giant struggles to raise capital, the fate of the firm’s substantial private equity business remains uncertain. AIG Investments has not been placed for sale as part of its parent’s capital raising measures.

Among the first private equity firms to register as bank holding companies, the San Francisco-based bank investor is busy raising a third fund to acquire small to middle market financial institutions. To date, it has invested in 18 banks, mostly in California.

The early stage technology-focused venture capital firm has held an initial close on its fifth fund, targeted at upwards of $200m. It already has two initial deals with signed term sheets in the pipeline for the fund.