Blackstone, Carlyle Bid For Troubled Fla. Bank

May 21 2009 | 9:26am ET

A quartet of private equity funds are seeking to buy a “critically undercapitalized” Florida bank.

The Blackstone Group, Carlyle Group, Centerbridge Capital Partners and WL Ross & Co. submitted a bid for BankUnited Financial Corp., which regulators ordered to seek a buyer or merger partner in January, Reuters reports. Bids for the bank were due to the Federal Deposit Insurance Corp. on Tuesday morning.

BankUnited had assets of $13.1 billion and deposits of $8.7 billion as of March 31.

The auction for the bank is not public, so it is unclear if there are other bidders. Fellow p.e. shop J.C. Flowers & Co., which led a consortium to buy the assets of IndyMac earlier this year, Goldman Sachs and Toronto-Dominion Bank have also reported mulled bidding on BankUnited.


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Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.