US buyout giant the Carlyle Group has bounced back from its failure to secure a record deal for a Taiwanese semiconductor business three months ago by sealing a purchase of a stake in lender Ta Chong Bank, taking the value of its buyouts in the country to a record $2.4bn (€1.8bn).

Carlyle saw off competition from US rivals Oaktree Capital and MBK Partners to acquire a 35% stake in Ta Chong Bank for $626m. It was Carlyle's seventh acquisition in the country and the combined value of its deals places it first among its private equity peers in terms of value of Taiwanese buyouts completed.