TITLE

Has BankUnited Broken PE Logjam?

AUTHOR(S)
McGeer, Bonnie
PUB. DATE
June 2009
SOURCE
Mergers & Acquisitions Report;6/1/2009, Vol. 22 Issue 22, p20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the acquisition of BankUnited by the Federal Deposit Insurance Corp. indicates the involvement of private equity in the banking sector. According to Wilbur Ross, chairman and chief executive officer (CEO) of W. L. Ross, the deal is the first time that a private equity group a been able to acquire a bank immediately upon its bankruptcy. He is hoping that the deal will serve as precedent for other private equity firms to invest in the sector.
ACCESSION #
44148177

 

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