The meaning of the BankUnited IPO
Financial sponsor-backed IPOs (IPO news) haven't fared well this year, and demand remains weak. But sometimes it makes sense to swim against the tide. So it goes with BankUnited. Bloomberg reports
A setback to PEs' push into banks
There's been a lot of talk about how private equity firms were gearing up for a big push into financial services--recall the IndyMac deal and the BankUnited deal. One theme in all this was how
Private equity firms invest in banks...again
Private equity firms sense big bargains when it comes to distressed banks. The latest: Fortress Investment Group, Crestview Partners and Lightyear Capital have struck a preliminary deal to purchase a
BankUnited seized and sold; PE firms win
A club led by John Kanas has prevailed in the BankUnited sweepstakes. His bidding groups included Carlyle Group, Blackstone Group, Centerbridge Capital Partners and WL Ross, among others. Another
BankUnited sweepstakes heats up
Private equity firms are more than intrigued with the financial services industry right now, BankUnited Financial specifically. Bids were expected last week, but according to Reuters, the deadline
Latest Commentary