BankUnited Coming Back To Market (BX)

Bank United, one of the casualties of the financial crisis when it collapsed in May of last year is coming back to the public markets via an IPO. The Florida based bank holding company was acquired by private equity firms such as Blackstone BX, Carlyle Group, WL Ross & Co., and Centerbridge Capital Partners after it collapsed. The bank was recapitalized with a $900 million investment after it was taken over from the FDIC. According to sources close to the situation, investment banks Bank of America Corp., Deutsche Bank AG, Goldman Sachs Group Inc. and Morgan Stanley have been selected as underwriters. BankUnited has more than $11 billion in assets, and more than 75 branch locations in 13 Florida counties. Its website can be found here.