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Article: Has BankUnited Broken PE Logjam?(private equity)(United States. Federal Deposit Insurance Corp.)(John Kanas)
- Article from:
- Mergers & Acquisitions Report
- Article date:
- June 1, 2009
- Author:
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Byline: Bonnie McGeer, American Banker
The sale of the failed BankUnited to an investor group may be a turning point for private equity's involvement in the banking sector.
Disagreement exists about what has kept such investors from pouncing during the crisis. Some industry insiders say that, in many ways, all the talk from government officials about trying to get more private equity into the sector has been just that - talk. These people say that, despite the official line, a general sense of uneasiness existed among regulators toward deals proposed by private equity.
Others insist plenty of evidence, including the sale of the failed IndyMac ...