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Ex-North Fork CEO in BankUnited race -- Bloomberg

Mon May 11, 2009 5:04pm EDT

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NEW YORK, May 11 (Reuters) - Former North Fork Bancorp Chief Executive John Kanas is leading a private equity consortium looking to buy BankUnited Financial Corp BKUNA.O, Bloomberg reported on its website on Monday.

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The group includes Carlyle Group [CYL.UL], Blackstone Group LP (BX.N), Centerbridge Capital Partners LLC and WL Ross & Co, Bloomberg reported, citing unnamed sources.

Other potential offers for the Florida-based bank may come from Goldman Sachs Group Inc (GS.N) and Toronto-Dominion Bank (TD.TO), as well as J.C. Flowers & Co, it said.

BankUnited's regulators have deemed it "critically undercapitalized" as of Jan. 30 and directed it to seek an acquirer or a merger partner.

The government set a deadline of May 14 for final bids, it said.

BankUnited could not be immediately reached for comment. (Reporting by Paritosh Bansal; Editing by Andre Grenon) (For more M&A news and our DealZone blog, go to www.reuters.com/deals)

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