Davis Polk advised Goldman, Sachs & Co. as the underwriter on the SEC-registered $397.1 million secondary block trade of 11,853,276 shares of common stock of BankUnited, Inc. sold by investment funds affiliated with The Blackstone Group, The Carlyle Group, Centerbridge Partners, L.P. and WL Ross & Co. LLC. BankUnited's common stock is traded on the New York Stock Exchange under the symbol "BKU."

BankUnited, Inc. is a national bank holding company with one direct wholly-owned subsidiary, BankUnited, National Association, headquartered in Miami Lakes, Florida, with $15 billion of assets as of December 31, 2013, which provides a full range of banking and related services to individual and corporate customers through 99 branches located in 15 Florida counties and 6 branches located in the New York metropolitan area.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associate Yasin Keshvargar. The financial institutions team included counsel Reena Agrawal Sahni and associate Reuben Grinberg. Partner Michael Mollerus and associate Patrick E. Sigmon provided tax advice. Counsel Loyti Cheng and associate Amy E. Turner advised on environmental matters. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York and Washington DC offices.