Thursday, June 18, 2009

Carlyle Group Ready to Grab Another Bank

The Carlyle Group, which joined in the purchase of Florida’s BankUnited last month, is considering another banking investment. It is part of a group including Blackstone Group LP and TPG that is in talks to acquire San Francisco-based First Republic Bank from Bank of America Corp.

On May 22, Carlyle Group, along with Blackstone Group, Centerbridge Partners and WL Ross & Co., invested $900 million in a new depository institution acquiring the operations of Coral Gables-based BankUnited, which was seized by government regulators the previous day.

No comments:

Post a Comment