A group including investors such as Blackstone, Carlyle, Centerbridge and WLRoss won an auction for BankUnited on Thursday after the Florida lender – worth nearly $13bn by assets – was closed by federal regulators in the biggest US bank failure of 2009. The auction, conducted by the Federal Deposit Insurance Corporation, was the second of a troubled US bank in the credit crisis. Earlier, a group including JC Flowers, hedge fund manager John Paulson and Dune Capital won the bid for IndyMac’s assets. See FT Alphaville: BankUnited fails, long live BankUnited!

This entry was posted by Gwen Robinson on Friday, May 22nd, 2009 at 5:04 and is filed under Capital markets, M&A, Private equity. Tagged with BankUnited, blackstone, carlyle, centerbridge, WLRoss. Edit this entry.