Tag:
Wl Ross
Latest Headlines
Latest Headlines
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 that the Florida-based bank is planning an initial public offering just 15 month
Wilbur Ross showing the way on bank buyout
We noted recently that purchases of distressed banks by private equity ( private equity news) firms are dicey propositions these days; despite the need for more private cash in these deals, the FDIC has set up some hurdles that have been proven prohibitive in some cases. But Wilbur Ross has fou
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 regulators seemed to be accommodating to this new source of liquidity; private equity firms have traditio
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 non-controlling stake in First Southern Bancorp, of Boca Raton, according to media reports. The ba
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 includes Goldman Sachs and Toronto-Dominion Bank. J.C. Flowers may also be interested. The FDIC broker
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 has been pushed back to Tuesday.
The Florida-based institution--considered the largest in the
